FOR SALE
$620,000 - $649,000

18 Mckenzie Street
Broadford VIC 3658

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1229m2
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Fantastic Development Opportunity - Dual Yield Potential!

Unlock the potential of this prime 1,229m2 parcel, presenting a golden opportunity for savvy developers. Boasting a current planning permit, this property is set to accommodate two additional 3-bedroom, 2-bathroom, 2-car garage, modern single-storey townhouses, enhancing the site's value.
The existing three-bedroom home has recently undergone renovations, featuring a modern kitchen with pantry and stainless steel appliances. The timber-look flooring throughout ensures low maintenance, while high ceilings add a touch of charm. Each bedroom is equipped with built-in robes and individual split systems, ensuring year-round comfort. The huge laundry with ample bench space, modern bathroom with an additional toilet, and a separate lounge with a reverse cycle split system contribute to the home's appeal.
This property is not only a family haven now, with a large level backyard and spacious rooms, but it also holds immense potential for future capitalization. Currently tenanted on a month-to-month basis, it generates approximately $23,400 per year (or $450 per week). This dual-yield scenario offers the best of both worlds – a reliable income stream with the existing tenant and the exciting prospect of increased yield upon construction of the new townhouses.
Seize this rare opportunity to capitalize on the current planning permit, whether you choose to develop and increase your rental income or explore the option of selling off the townhouses individually for maximum returns. Contact us today to arrange a viewing and embark on a promising investment journey! For more information, please call Gavin Henderson on 0408 359 764.
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Property Details for 18 Mckenzie St, Broadford

18 Mckenzie St, Broadford is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1229m2. The place is currently for sale with LJ Hooker Broadford | Kilmore.

Building Type
House
Land Size
1229m2

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About Broadford 3658

The size of Broadford is approximately 105.8 square kilometres. It has 15 parks covering nearly 1.9% of total area. The population of Broadford in 2011 was 4,174 people. By 2016 the population was 4,335 showing a population growth of 3.9% in the area during that time. The predominant age group in Broadford is 50-59 years. Households in Broadford are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broadford work in a trades occupation. In 2011, 78.1% of the homes in Broadford were owner-occupied compared with 75.5% in 2016.

Broadford has 2,730 properties. Over the last 5 years, Houses in Broadford have seen a 42.82% increase in median value, while Units have seen a 30.02% increase. As at 31 July 2024:

  • The median value for Houses in Broadford is $598,285 while the median value for Units is $363,186.
  • Houses have a median rent of $420 while Units have a median rent of $380.
There are currently 37 properties listed for sale, and 3 properties listed for rent in Broadford on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Broadford.

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Gavin Henderson
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LJ Hooker Broadford | Kilmore
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