FOR SALE
$345,000 - $375,000

1413 Princes Way
Drouin VIC 3818

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 772m2
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Exciting Opportunity For Renovators, Developers Or Investors

Presenting an excellent opportunity for renovators, developers or investors, with the added benefit of a current tenant who is eager to stay on.
This property features three good sized bedrooms, ideal for families or as rental accommodation. The open plan kitchen/living area enjoys a spacious, functional area with a peaceful garden outlook.
A separate sitting area lends itself to sit and read a book or just relax. The outdoors features a lovely garden with established trees and outlook with a separate single carport and workshop/studio to the side.
Situated close to the M1 and just a short distance from Warragul and Drouin, offering easy access to transport links, essential services and local amenities. Whether you're looking to renovate, develop, or secure a solid investment with an existing tenant in place, this property offers great potential in a highly convenient location.
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Property Details for 1413 Princes Way, Drouin

1413 Princes Way, Drouin is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 772m2. The place is currently for sale with Harcourts Warragul.

Building Type
House
Land Size
772m2

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About Drouin 3818

The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4% of total area. The population of Drouin in 2011 was 9,685 people. By 2016 the population was 12,348 showing a population growth of 27.5% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation. In 2011, 72.9% of the homes in Drouin were owner-occupied compared with 71.7% in 2016.

Drouin has 9,290 properties. Over the last 5 years, Houses in Drouin have seen a 39.87% increase in median value, while Units have seen a 33.80% increase. As at 30 November 2024:

  • The median value for Houses in Drouin is $645,849 while the median value for Units is $417,020.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 166 properties listed for sale, and 23 properties listed for rent in Drouin on OnTheHouse. According to CoreLogic's data, 486 properties were sold in the past 12 months in Drouin.

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Jo Cappola
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