1/71 Maud Street, Geelong VIC 3220

2 bed townhouse | 1078sqm lot in Geelong | city fringe with character | rental yield upside The lot size is the property’s primary advantage. At 1078sqm in a residential zone near Geelong’s core, the land-to-improvement ratio is unusually favourable for a townhouse. This creates a holding position with long-term redevelopment optionality, even while the current unit provides immediate livable accommodation. The exposed brickwork and timber finishes give it genuine character appeal, which tends to hold value better than generic builds in this price bracket. It suits a buyer who wants city proximity without an apartment, or an investor targeting the $470pw median rent with scope for improvement. The main risk is that the townhouse itself is dated and the floorplan is compact for a 2-bedroom. No floor plans or inspection reports were available, which means you are buying on location and land alone. The $545k-$585k asking range sits above the estimated $516k value, so negotiation room exists. The 2008 purchase price of $235k shows long-term land appreciation, but that does not guarantee near-term gains. If you buy at the lower end of the range and hold for 5-7 years, the land value should absorb any depreciation on the building. Use it as a low-maintenance home or a rental with a solid yield.