100 Walsgott Street, North Geelong VIC 3215
100 Walsgott Street, North Geelong VIC 3215
3 bed / 1 bath / 2 car | 656 m² corner lot | 39% site coverage | $525/wk rent potential | first-home & investor fit
This house holds a genuine edge for North Geelong: a 656 m² corner allotment with a 258 m² footprint gives it rare spatial flexibility for the area, where most stock sits on tighter mid-block lots. The 39% coverage leaves room for future extension or landscaping without sacrificing the established hardwood floors and fresh carpet that make it move-in ready. It suits first-home buyers wanting space to grow, downsizers after single-level practicality, and investors chasing the strong rental demand signaled by the $525 weekly estimate. The corner position adds street presence and potential for side access, making it more adaptable than typical 3-bedroom houses in this pocket.
Value may hinge on how the corner exposure and commercial strip proximity are perceived by different buyers—some will see convenience, others will weigh street noise or character. The 3 bed / 1 bath layout is standard, not premium, so the price will likely be driven by land size and presentation rather than configuration. Build era is unverified, meaning condition of roof, wiring, and insulation should be inspected before committing. Rental yield around 3.8% is reasonable but not exceptional, so capital growth expectations should anchor to the area’s steady demand rather than any standout feature.
Detailed Independent Property Report prepared by PropCred Analyst team for 100 Walsgott Street, North Geelong VIC 3215
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
North Geelong, positioned near the city, Corio Bay and Princes Highway, attracts higher-income professionals with a median household wage of $1,500 weekly. Houses have risen 5.9–6.6% annually to $661,000–$670,000, with a 7.2% quarterly gain, while units outperformed at 12.5–20% growth to $492,000–$508,500. Stock turns in 30–39 days, reflecting tight conditions. Gross yields remain modest: 3.7% for houses but 4.3–4.6% for units, with house rents at $460–$480 weekly and units at $400–$472. Future demand is underpinned by Geelong’s capital works pipeline, rail upgrades, airport expansion, a modern education/medical/IT economy, and a population approaching 300,000 generating $20 billion in regional product. No vacancy or supply data is available.
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PropCred Estimated Value
Comparable Sales: 2/12 Walsgott Street sold $665,000 (Jun 2025) | Property Price Band: $700K–$800K | Value Drivers: corner land size, condition, rental yield potential
Bedrooms
3
Bathroom
1
Parking
2
Land
656m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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