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Back 271 Princes Hwy
Off Market

271 Princes Hwy

Corio VIC 3214

3
1
1
697 m²
House
Last sold for $501,000
Ali BandariAli Bandari, last sold this property on 15 March 2026 after 20 days on market.

Overview

Rare Development Opportunity with Existing Holding Income with Plans Permit x5 Townhouses

Positioned along a prominent and high-exposure section of Princes Highway in Corio, 271 Princes Highway delivers an outstanding development and investment opportunity on a generous 696m² (approx.) allotment. The existing home comprises 3 bedrooms, 1 bathroom and two car spaces, providing immediate holding income potential while you plan the next stage. With approved plans and permits for five townhouses, this is a rare ready-to-go project in a location that continues to benefit from strong buyer demand and ongoing residential growth. Ideally located close to local shopping, schools, public transport and key road links, this address offers exceptional convenience for future residents and tenants alike. Whether you choose to retain and lease the existing dwelling or commence construction straight away, this is a flexible and high-return opportunity combining a sizeable block, an established home and a fully approved multi-dwelling development outcome in one of Corio’s most accessible corridors. Features: • 696m² (approx.) allotment • Approved plans & permits for 5 townhouses • Existing 3-bedroom, 1-bathroom residence • Two car spaces • Ideal holding property with strong development upside • High-exposure Princes Highway frontage • Close to shops, schools, public transport and major road connections • Perfect for developers and astute investors Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist Disclaimer: All stated dimensions in the content and photos are approximate only. Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves with any pertinent matters.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
697 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Corio over the last 12 months, the estimated median property value of 271 Princes Hwy is $561.83k.

Median value
$561.83k
Estimated value range
$360k - $718k
Median days on market
26
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Corio. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 271 Princes Hwy

2026
Sold
$501,000
15 Mar 2026 by Ali Bandari, of Area Specialist Geelong City

Happy sellers in Corio

96%
96% of sellers in Corio reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Corio over the last 12 months.

Local market activity for 3 bedroom houses in Corio

In the last 12 months, 261 three-bedroom houses similar to 271 Princes Hwy, have been sold.

This represents a 23% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Corio

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Ali Bandari

Sellers who recommend Ali Bandari have praised them for being clear communication, local expert, responsive, reliable, honest, empathetic and friendly

  •   5   (109 reviews)
  •  21 Reviews in Corio
  •  119 Sales in Corio
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Kade Camilleri

Kade Camilleri is an award winning recommended agent for Corio.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (261 reviews)
  •  3 Reviews in Corio
  •  2 Sales in Corio
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Rachael Taylor

Sellers who recommend Rachael Taylor have praised them for being clear communication, local expert, honest, friendly, supportive, responsive and hard-working

  •   4.9   (209 reviews)
  •  2 Reviews in Corio
  •  2 Sales in Corio
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Rene Pompe

Rene Pompe is a recommended agent for Corio.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   4.7   (98 reviews)
  •  2 Reviews in Corio
  •  2 Sales in Corio
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