FOR SALE
$355,000 - $390,000

1378 Boonoonar Road
Colignan VIC 3494

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 1344m2
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TWO HOMES FOR THE PRICE OF ONE!

Investment property with two separate houses on 1 Title, both leased and bringing in a combined $615 per week (which is an approx 8% return). Located less than two kilometres from the Murray River. Situated on an estimated one third of an acre. All this set in a rural location.
1378A - leased at $300 per week until January 2025. The front Hardy plank construction 3 bedroom home with split system heating/cooling, evaporative cooling, spacious lounge, tidy kitchen with large dining space, garden shed, carport & small yard.
1378B - leased at $315 per week until August. Two bedroom Hardy plank construction home, split system heating/cooling, open plan living, updated cooktop & carpet, bathroom with separate bath and shower, garden shed, spacious yard and entertaining space at the rear of the property.
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Property Details for 1378 Boonoonar Rd, Colignan

1378 Boonoonar Rd, Colignan is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1344m2. The place is currently for sale with Ray White Mildura.

Building Type
House
Land Size
1344m2

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About Colignan 3494

The size of Colignan is approximately 90.4 square kilometres. It has 3 parks covering nearly 6.8% of total area. The population of Colignan in 2011 was 256 people. By 2016 the population was 316 showing a population growth of 23.4% in the area during that time. The predominant age group in Colignan is 20-29 years. Households in Colignan are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Colignan work in a labourer occupation. In 2011, 49.6% of the homes in Colignan were owner-occupied compared with 40.8% in 2016..

Colignan has 154 properties. Over the last 5 years, Houses in Colignan have seen a 97.14% increase in median value, while Units have seen a 68.75% increase. As at 31 October 2024:

  • The median value for Houses in Colignan is $312,899 while the median value for Units is $366,403.
There are currently 4 properties listed for sale, and no properties listed for rent in Colignan on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Colignan.

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Brett Driscoll
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Ray White Mildura
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