FOR SALE
$435,000

1/96 Wallace Street
Bairnsdale VIC 3875

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 283.3m2
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INVESTMENT OPPORTUNITY IN SCHOOL, LEISURE AND HOSPITAL PRECINCT

Looking for an investment in a great location for school and leisure amenities? Then this unit is for you. The kitchen and bathroom have been refreshed in recent years and all compliance is up to date. With excellent tenants wanting to continue their lease and a 5% gross ROI, this is a solid asset opportunity.
Set at the rear of a 3 unit strata, this home has a generous open plan kitchen, dining and lounge with a north facing sliding door onto the private courtyard. All three bedrooms have BIR’s, new fans and curtains. The shared bathroom has a walk in shower whilst the toilet is separate for convenience. A secure single car garage and private, low maintenance garden ensures that the residents feel safe and secluded whilst being close to public amenities.
Invest in a property with immediate returns and long-term appreciation. Call Veronica Davies on 0477961338 to arrange a private inspection.
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Property Details for 1/96 Wallace St, Bairnsdale

1/96 Wallace St, Bairnsdale is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 283.3m2. The place is currently for sale with LJ Hooker Bairnsdale.

Building Type
Unit
Land Size
283.3m2

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About Bairnsdale 3875

The size of Bairnsdale is approximately 66.4 square kilometres. It has 15 parks covering nearly 9.2% of total area. The population of Bairnsdale in 2011 was 7,237 people. By 2016 the population was 7,581 showing a population growth of 4.8% in the area during that time. The predominant age group in Bairnsdale is 60-69 years. Households in Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bairnsdale work in a professional occupation. In 2011, 63.8% of the homes in Bairnsdale were owner-occupied compared with 60.8% in 2016.

Bairnsdale has 5,834 properties. Over the last 5 years, Houses in Bairnsdale have seen a 57.83% increase in median value, while Units have seen a 53.00% increase. As at 30 November 2024:

  • The median value for Houses in Bairnsdale is $444,751 while the median value for Units is $350,366.
  • Houses have a median rent of $450 while Units have a median rent of $363.
There are currently 101 properties listed for sale, and 22 properties listed for rent in Bairnsdale on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Bairnsdale.

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Veronica Davies
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LJ Hooker Bairnsdale
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