Lot 109 - Palomino Estate - Armstrong Creek - AUD 896,010.00

Description

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Introducing, Palomino – a locale brimming with potential. Nestled within a sought-after coastal community and within easy reach of Geelong, this address offers the perfect blend of lifestyle and opportunity. In Armstrong Creek, you’re not just securing a home, but a future defined by the calm of the coast, the beauty of lush, green surrounds and the promise of possibility in a location poised to thrive.

Armstrong Creek is a rapidly growing suburb in the Geelong, located about 10–11 km south of the city and around 85–90 km southwest of Melbourne. Established in 2012 as part of a major urban development project, it has quickly transformed from rural land into a modern residential community and is considered one of Victoria’s fastest-growing areas. 

The suburb is popular with young families and first-home buyers due to its contemporary housing estates, family-friendly environment, and proximity to coastal destinations like Torquay and Barwon Heads. Armstrong Creek is part of a large planned growth corridor designed to eventually accommodate tens of thousands of residents, with ongoing development of schools, parks, shopping centres, and community facilities, including the recently opened Biyal-a Armstrong Creek Library. While it offers strong growth potential and a modern lifestyle, some amenities are still being developed, giving parts of the suburb a newly established feel.

• Property Type: Prestige House & Land
• Property Stage: N/A
• Price: $ 896,010.00
• Land Price: $ 480,000.00
• Build Price: $ 416,010.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Cura 20
• Completion: N/A
• Land Size: N/A
• Area Size: 177.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 550.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 550.00
• Gross Per Annum: $ 26,520.00
• Gross Yield: 3.19%
• Capital Growth 12 Months: -5.59%
• Capital Growth 10 Year Annualised: 0.26%
• Vacancy Rate: 2.39%