29 Alicia Street, Bell Park VIC 3215
29 Alicia Street, Bell Park VIC 3215
Compact unit or house | strong rental demand | close to Geelong CBD and schools | infill subdivision potential | quick turnover
The property is positioned in an established Bell Park pocket, close to the Geelong CBD fringe, North Geelong station, shops, parks and schools. Its likely compact form, either a modest house or unit, is suited to first-home buyers and downsizers seeking low-maintenance living on a convenient lot. A varied streetscape is created by the suburb’s mix of older homes, renovated townhouses and duplex units, and steady rental demand with quick turnover is supported by the area’s practical amenity. Long-term appeal is also helped by gradual interest in subdivision.
Value may be most influenced by its exact form, as a unit on a small allotment is valued differently from a detached house on a larger parcel. Buyer interest might be shifted by condition and presentation, since much local stock is older and move-in-ready homes are often preferred. The price may also be shaped by whether the lot supports future subdivision.
>> Comparable Sales: 2/19 Alicia Street unit sold $530,000; 2/21 Alicia Street unit sold $531,000 | Property Price Band: $500K–$600K | Value Drivers: land size, dwelling form, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Alicia Street, Bell Park VIC 3215
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Bell Park is a residential Geelong suburb appealing to younger professionals and trades. House prices have climbed 10-12% over the past year to $675,000-$690,000, with units up roughly 5% to $530,000. Sales volumes expanded from 84 to 130 in two years, and the suburb’s boomscore of 47 (above VIC’s 29) indicates sustained momentum. Demand is driven by a 20-29 age concentration and solid household incomes, plus local sporting and educational amenities. Rental yields are near 4% for houses and 4.4% for units, with rents stable. Risks: median house prices vary from $642,000 to $690,000 across sources, sales volumes fluctuate, and modest rent growth limits near-term upside.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
627m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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