Geelong buyers face up to $425k premium to gain an extra bedroom

Add as a preferred source on GoogleThe four-bedroom house at 121 Coastside Drive, Armstrong Creek, is listed for sale with price hopes from $720,000 to $770,000. A typical house in Geelong has three bedrooms, but new figures reveal how much more you’ll pay to upsize to four bedrooms depends on where you live. The gap between a typical three and four-bedroom home can be more than $400,000 in Geelong’s oldest and most-expensive suburbs, and more than four-times the gap in growth areas such as Lara and Armstrong Creek. The realestate.com.au research reveals the price differential between two, three and four-bedroom houses and one, two and three-bedroom units by suburbs. RELATED: Luxury townhouses rise up in Highton’s Shoubra estate Inside the luxury Newtown home linked to alleged charity fraud Buyers sat on low offer, then lost $1m+ home The largest differential is found in central Geelong, where the median price for a four-bedroom house is nearly $425,000 higher than a typical three-bedder. The analysis reveals the price gap is wider in more established inner suburbs, where much of the original housing stock was built with three bedrooms. It reveals a $400,000 gap between typical thr...