260B Yarra Street, South Geelong VIC 3220

Small lot townhouse | near GMHBA Stadium | 3-bed 2-bath | Geelong supporter appeal The buying case rests on this townhouse’s positioning near GMHBA Stadium, which gives it a distinct demand character among Geelong Cats supporters and event-goers, a niche that can sustain interest even in a softer market. Its three-bedroom, two-bathroom configuration on a small lot is competitively strong for buyers seeking low-maintenance living with garage space, serving professionals or downsizers who prioritise location over land. The property’s last sale in 2014 and current off-market status suggest a seller motivated by timing rather than urgency, offering a buyer room to negotiate below the listed range. The key risk is the small 269 m² lot, which limits future subdivision or significant capital growth tied to land appreciation, and the median nearby sales of $777,000 indicate the market may not support the upper end of the price guidance. However, the opportunity lies in its proximity to local amenities and the stadium, which can support rental demand or resale to a specific buyer pool. Hold this property as a lifestyle purchase or medium-term investment, not a landbanking play.