29 Geoffrey Street, Blairgowrie VIC 3942
29 Geoffrey Street, Blairgowrie VIC 3942
Large block with dual listings | Recent renovation likely | Coastal midpoint location | Bushfire overlay present
This property presents a strong buying case due to its rare combination of a large 741mยฒ block and a substantial 422sqm internal living area in a prime coastal location, a configuration that offers significant space and privacy. The inconsistencies in bedroom counts strongly indicate a recent, high-quality renovation, transforming it into a modern four-bedroom family home. It best serves a buyer seeking a permanent or holiday residence with room to grow, positioned close to village amenities and bay beaches.
Proceed with caution, as the bushfire overlay imposes specific construction and insurance costs. The wide valuation range reflects market uncertainty about the renovation’s quality; securing an independent valuation is essential. This property is a hold for long-term capital growth, leveraging its scarce land size, not for immediate speculative gain.
Recent comparable sales nearby:
– 29 Geoffrey St, last transacted Jun 2010 for $340k, indicating substantial equity growth.
– 29 Blairgowrie Ave, sold Oct 2019 for $1,218,000 (3 bed, 2 bath on 1314mยฒ).
This sales history confirms strong suburb appreciation. The subject property’s superior size and modern configuration to the 2019 sale support its current premium price positioning.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 29 Geoffrey Street, Blairgowrie VIC 3942
Market Insight:
Blairgowrie is a relaxed seaside town positioned as a coastal lifestyle destination, with demand driven by its attractive bay beaches and rugged ocean coastline. Recent market conditions show a divergence in price trends, with some evidence of softening, while sales volumes remain steady. The primary growth driver is its enduring appeal as a coastal retreat, though its distance from the metropolitan centre is a natural constraint.