4/242 Ryrie Street

Off Market

4/242 Ryrie Street

Geelong VIC 3220

House

Last sold for $770,000

Elise Carey, last sold this property on 01 March 2026 after 32 days on market.

Overview

Secure inner-city investment with reliable income

Positioned on a main inner-city street with discreet access via a tucked-away laneway, this generously proportioned townhouse features a striking industrial-style façade combining red brickwork with metal detailing, perfectly suited to its inner-city setting. It presents a compelling opportunity for investors seeking reliable rental income, strong tenant demand and long-term capital growth in a tightly held location. The property is currently leased to excellent long-term tenants who are keen to remain, returning $1,030 per fortnight, or $515 per week. This provides immediate, dependable income and reflects the ongoing appeal of the location to city professionals, particularly given its close proximity to the hospital, CBD, public transport and lifestyle amenities. Spanning two spacious levels, the townhouse offers three well-proportioned bedrooms, two of which feature spacious walk-in robes, while the third bedroom enjoys direct access to the main bathroom, effectively functioning as an ensuite. The master is complemented by a full private ensuite, and the home is further serviced by two bathrooms overall, along with secure accommodation for two vehicles. Open-plan living and dining areas are complemented by a functional kitchen with quality appliances, flowing seamlessly to a private courtyard with handy remote awning, while a first-floor balcony adds further liveability for occupants. Beautifully maintained throughout, the home includes 3 x split system AC for heating and cooling, a security system and a larger-than-average remote double lock-up garage, ensuring strong tenant comfort and minimal ongoing maintenance for the owner. With its combination of high-demand inner-city positioning, distinctive industrial design, quality tenancy and low-maintenance appeal, this property represents a smart buy-and-hold investment, offering secure income today and flexibility for the future. DISCLAIMER: Please note that all information provided by Jellis Craig is in good faith and derived from sources believed to be accurate and current at the date of publication. Jellis Craig acts as a conduit for this information and advises prospective purchasers to conduct their own inquiries. Jellis Craig will not be liable for any loss resulting from actions or decisions made in reliance on the provided information.

Features

3 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Geelong over the last 12 months, the estimated median property value of 4/242 Ryrie Street is $918.75k.

Median value

$918.75k

Estimated value range

$765k - $1.83m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Geelong. 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 4/242 Ryrie Street

2026

Sold

$770,000

01 Mar 2026 by Elise Carey, of Jellis Craig Geelong

2023

Rented

Undisclosed

Leased on 30 Jan 2023 by Wilsons Real Estate Geelong

2013

Sold

Undisclosed

Private Sale/Treaty on 16 Dec 2013 by Peter Fort, of Hayden Real Estate Geelong

Happy sellers in Geelong

65%

65% of sellers in Geelong reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in Geelong over the last 12 months.

Local market activity for 3 bedroom houses in Geelong

In the last 12 months, 28 three-bedroom houses similar to 4/242 Ryrie Street, have been sold.

This represents a 16% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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