113/146 Bellerine Street, Geelong VIC 3220
113/146 Bellerine Street, Geelong VIC 3220
This is a contemporary two-bedroom, two-bathroom apartment with 88 square metres of internal space, located on the ground floor of a low-rise development. It features carpeted bedrooms with built-in robes, an ensuite to the master, and split-system heating and cooling.
What is competitively strong about this property is its configuration as a two-bedroom, two-bathroom unit, which is less common in the local apartment market and offers genuine separation for occupants. It is positioned within a premier inner-city pocket that provides walkable access to the CBD, medical precinct, waterfront, and Deakin University, making it a rare combination of modern specification and location convenience. This property best serves young professionals, medical workers, or downsizers seeking a low-maintenance home with high walkability, as the finishes and layout compete well against older stock in the suburb.
Several factors may materially affect the value of this property. The limited private outdoor space and shared walls are typical of apartment living but could be a constraint for buyers accustomed to a house. Proximity to the medical precinct and university may support steady rental demand, but any future changes to employment density or infrastructure in the area could influence desirability. The building’s age and modern finishes are a strength, but the lack of a private yard may narrow the buyer pool slightly. These considerations should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 113/146 Bellerine Street, Geelong VIC 3220
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Geelong presents a compelling regional city proposition, anchored by its proximity to Melbourne and significant infrastructure investment, including the transformative Fast Rail project. Demand is driven by first-home buyers and families seeking affordability, alongside investors attracted by solid rental yields. The market is balanced, with realistic pricing tempering volatility. Future growth is underpinned by strong demographic expansion and a diversified, high-participation job market, though its relative affordability gap remains a key consideration for buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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