11B Addis Street, Geelong West VIC 3218

Large land in quiet pocket | Flood overlay present | Recently leased | Zoned for quality schools This property presents a competitively strong land holding within a sought-after suburb, offering a rare combination of a larger-than-typical block and a low-maintenance weatherboard home updated for modern living. Its private position in a quiet pocket directly serves family buyers, further solidified by its zoning for well-regarded schools. The recent lease and strong rental estimates confirm immediate income viability, making it equally suitable for an owner-occupier seeking space or an investor targeting stable yield in a high-demand area. The flood overlay imposes a specific risk mechanism, likely increasing insurance premiums and requiring due diligence, which marginally affects cost of ownership and future liquidity. However, the price positioning below estimated market value creates a clear opportunity to acquire a scarce larger parcel in a established location. Acquire this as a long-term hold, leveraging its land component for capital growth while the house delivers immediate utility or rental income.