3/48 Torquay Road Belmont VIC 3216

Ground-floor unit | north-facing courtyard | low-maintenance complex | 5-min to High Street amenities | strong rental yield This property presents a competitively strong offering for an investor or owner-occupier seeking a low-maintenance, well-located entry into the Geelong market. Its ground-floor position with direct garage access, secluded north-facing outdoor space, and modern inclusions within a small complex of eight create a rare practical configuration. It serves best as a high-yield investment or a lock-and-leave home, capitalising on proven rental demand and immediate proximity to Marshall Station and Belmont’s primary retail corridor. The decision hinges on its premium pricing against the suburb’s median, given the unit’s last sale price five years ago and the absence of recent comparable sales within the building. The primary risk is paying a complex premium without current sales validation, though the high accuracy value estimate provides a disciplined anchor. Proceed with an offer disciplined by that valuation, as this property is positioned to hold well for cash flow, not short-term speculation. Our report provides the real market valuation and locality risk assessment to secure this unit without overcapitalising. Recent Belmont unit sales indicate a market where well-presented, modern two-bedroom units are achieving prices consistent with the upper end of this property’s listed range. The property’s own sale history shows it last transacted for $455,000 in March 2021, providing a baseline that suggests some capital growth has occurred, though this must be weighed against the current estimated midpoint value of $430,000.