Half acre in Newcomb with permitted investment opportunity

October 20, 2023 BY Dean Webster

This property at 61 Helms Street, Newcomb presents a rare opportunity to secure a large parcel of land with a home that is presently leased and with permits in place for eight townhouses.

Hayden Real Estate Geelong has listed an exceptional prospect to purchase just over half an acre of land with a sound home and development opportunity located within one of Geelong’s best growth corridors.

This property at 61 Helms Street, Newcomb, presents a rare opportunity to secure a large parcel of land with a home that is presently leased.

The offering has the added bonus of already having plans and permits available for eight two-bedroom single-level townhouses.

Hayden Real Estate Geelong managing director Glenn Hardman said this property could become your home or an investment opportunity immediately, with the hard work already done for the development of townhouses in the future.

“Packages like this are a rarity in this market, and the long term outlook for this region is very good with this location ticking all the boxes of being close to shopping centres, schools and sporting/recreation facilities.

“Also being so close to the Geelong Waterfront CBD area and sitting at the gateway to the Bellarine, makes this property very appealing to the investor.”

The home is a neat and comfortable well-built family home offering three good-sized bedrooms with built-in robes and a light filled main living room with gas heating.

The kitchen/meal area offers dishwasher, gas cooking and ample cupboard and bench space including a large pantry.

A large rumpus room boasts its own bar and log fire with a large outdoor under cover entertaining area for all weather activities.

There is a large double garage and ample off-street parking on large long driveway.

The home is set a generous block of approximately half an acre with ample room to store the caravan, boat and so much more.

This property is located only a few minutes walk to Newcomb Central Shopping Centre, Newcomb Secondary College, local sporting facilities, reserves and only approximately 3km from the CBD and Waterfront and on the gateway of the Bellarine Peninsula.

For more information, phone Glenn Hardman on 0419 006 480.