21/61 Brougham Street, Geelong VIC 3220

3-bed townhouse in central Geelong | heritage prestige in HO1638 | 2-car parking rare for area | strong recent comparable at $1.085m | demand for larger units confirmed The property sits within a tightly held building where recent sales show clear demand for three-bedroom units above the million-dollar mark, with unit 20/61 selling at $1.085m after only 33 days on market. The two allocated car spaces are a genuine competitive advantage in a central Geelong location where parking is constrained, and the heritage overlay adds a layer of scarcity that appeals to buyers seeking character and long-term capital preservation. This unit best suits an owner-occupier wanting a townhouse-style layout with secure parking, or an investor targeting the premium end of the Geelong rental market where larger family-oriented apartments command strong yields. The heritage overlay HO1638 does limit external modifications, which reduces flexibility for a buyer planning significant renovations, and the 17m² floor area figure raises a data flag that warrants verification against the actual internal footprint. However the building’s history of long-term holdings,14 to 20 years for comparable units,suggests low turnover and stable ownership, which typically supports values. Buyers should commission a building inspection given the property’s age and confirm the true floor area before proceeding. Hold this property as a long-term residential investment in a heritage precinct with proven demand, or occupy it for lifestyle advantage in central Geelong.