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Back 1-5/7 Kentucky Avenue
Off Market

1-5/7 Kentucky Avenue

Norlane VIC 3214

1
1
1
Block of units
Last sold for $1,610,000
Ricky ForteRicky Forte, last sold this property on 19 December 2025 after 35 days on market.

Overview

LAST ONE REMAINS

A uniquely rare chance to secure an entire block of five separately titled units in a proven high-demand rental location. Fully leased and returning $1,665 per week ($86,580 gross annual income), with fixed term leases through to 2026 this is an ideal portfolio addition offering instant cash flow and long-term upside. What's on Offer 4 × renovated 1-bedroom units with modern updates 1 × well-maintained 2-bedroom unit in original condition Each unit includes off-street parking, private titled courtyards, and individual storage spaces. Exceptional Location Positioned on a generous 1200sqm (approx.) allotment with dual street frontage and directly opposite Cowies Creek parkland, this address offers convenience and lifestyle appeal. Easy access to: North Geelong Railway Station Local shopping strips, Aldi & Woolworths Bus routes & Geelong Ring Road Parks, reserves & recreational spaces A consistently strong rental pocket with excellent tenant retention. Investment Highlights; Five separately titled unitsoffering long-term flexibility Strong, established rental income with 100% occupancy and reliable long-term tenants. Scope to renovate further and increase rental returns Generous landholding across two street frontages for future development potential (STCA) These units provide reliable & secure rental returns from day one, in a prime investment location poised for future growth. Complete blocks like this are exceptionally hard to findact quickly to secure this standout investment.

Features

1 bedroom
1 bathroom
1 carspace
Block of units

Estimated Value

We need at least 3 similar 1 bedroom block of units sold in Norlane over the last 12 months.

Property history for 1-5/7 Kentucky Avenue

2025
Sold
$1,610,000
Private Sale/Treaty on 19 Dec 2025 by Ricky Forte, of Geelong Real Estate Co.

Happy sellers in Norlane

90%
90% of sellers in Norlane reported that their sale price either exceeded or met their price expectations.

Norlane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Norlane over the last 12 months.

Local market activity for 1 bedroom block of units in Norlane

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