2303/2 Yarra Street Geelong VIC 3220

Bay views | 94m² floorplate | lock-and-leave | top-floor positioning The property’s competitive strength lies in its combination of a generous 94m² internal area with waterfront-adjacent positioning, a configuration rarely available in this price band. The top-floor unit within a well-managed complex offers a rare balance of space, natural light, and low-maintenance living, making it particularly suited to downsizers or investors seeking a high-yield, low-risk holding. The strata land size of 2737m² signals a professionally run building, which reduces the likelihood of surprise special levies. The fully furnished, freshly painted interior removes immediate capital outlay and allows for immediate occupancy or tenancy. The primary risk is the price gap between the asking range and the higher estimated values from property data sources, which may reflect a lag in market adjustment or a vendor willing to negotiate. This gap creates an opportunity for a buyer to secure the property below replacement cost if they can negotiate firmly. The rental midpoint of $645 per week provides a gross yield of approximately 4.1% at the lower end of the price range, which is acceptable for a premium location but not exceptional. The absence of heritage or flood overlays simplifies future resale. Hold for medium-term capital growth driven by Geelong’s ongoing urban infill and waterfront demand; do not expect rapid appreciation.