3 Glen Avenue, East Geelong VIC 3219

Double-storey rarity | Opposite botanical gardens | 1930s build on 556m² | High-value street with recent $1.245m sale This property presents a strong buying case based on its positional scarcity and configuration. A double-storey home on a full block directly opposite parklands is a rare offering in this enclave, providing immediate lifestyle premium and long-term land value underpinned by the established, high-performing street. Its four-bedroom, two-bathroom layout with modern kitchen and master suite is competitively aligned for a family seeking space and character, further strengthened by proximity to sought-after government schools. The absence of overlays removes a material risk factor for future renovation or development. Proceed with the understanding that its value is benchmarked against a recent, superior sale at 11 Glen Avenue, which achieved $1.245m with one less bedroom but two parking spaces. Your primary risk is the single garage in a family-sized home, a functional deficit that may cap resale appeal. The wide valuation range indicates market uncertainty on its exact worth; the listing price appears strategically positioned below the street’s high watermark. Acquire this for long-term hold as a principal residence to capitalise on its irreplaceable aspect and land size, not for its subdued rental yield. Recent comparable sales establish a credible value corridor: – 11 Glen Ave: $1.245m (Jul 2023). 3 bed, 1 bath, 2 car. – 5 Glen Ave: $655k (Oct 2007). 4 bed, 2 bath, 1 car. The 2023 sale demonstrates the street’s capacity for values well above the current asking range, though the subject property’s single garage is a comparative drawback. This suggests the price guide acknowledges this compromise while leveraging the larger land parcel and park-front position.