342 Myers Street, East Geelong VIC 3219

Edwardian character | restored timber and leadlight | 179m² on 512m² | zoning with heritage overlay | 8 days on market The property offers a rare combination of period detail and practical scale, with restored timber flooring, sash windows, and leadlight work that are increasingly difficult to find in East Geelong. The 179m² building footprint on a 512m² lot provides generous internal space without excessive land cost, and the heritage overlay, while restrictive, signals that neighbouring properties are unlikely to be redeveloped for higher density, preserving streetscape and long-term value. This house suits buyers who value architectural authenticity and walkability to the Waterfront and CBD, and who are prepared to accept that future renovations will need council approval for external changes. The primary risk is the heritage overlay, which limits external alterations and may raise insurance or compliance costs. The asking range sits above the estimated value of $897,000, so buyers should anchor their offer near that figure and use the recent $860,000 sale as a reference point. NBN FTTP and 5G coverage are modest positives. For an owner-occupier, this is a hold-and-enjoy property; for an investor, the rental midpoint of $585 per week suggests a gross yield below 3%, so capital growth from scarcity and location must do the heavy lifting.