FOR SALE
$720,000 - $740,000

119 Victoria Street
Eaglehawk VIC 3556

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 1160m2
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EXCEPTIONAL INVESTMENT OPPORTUNITY - UNIT COMPLEX IN EAGLEHAWK!

Perfectly positioned just a short stroll from Eaglehawk's town centre, this three-unit complex presents an exceptional investment chance to add to your portfolio.
The units are on situated on one title and are all in good condition! Meeting all current minimum standards and achieving a combined rental income of $1,030.00 per week, delivering an impressive rental yield of over 7%! This makes the property a compelling choice for investors looking to enhance their portfolio with a high-performing asset.
All three units consist of the same floor plan, featuring an open-plan kitchen and living area, there are two windows and the living spaces are carpeted. Each kitchen is mostly original, but neat and tidy with good cabinetry and upright cookers. The two generously sized bedrooms ensure comfort, while the semi-updated bathrooms and a functional laundry room add to the convenience! The easy-to-maintain backyards are perfect for enjoying the outdoors without the hassle and a single carport provides convenient parking for each unit.
There's additional land positioned at the and of the driveway and could offer scope to further value-add STCA.
Note: Unit 1 is vacant, but is expected to be tenanted at $350pw.
Don't miss this chance to secure a complex of units in a highly sought-after suburb with a great rental return!
Inspection by appointment.
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Property Details for 119 Victoria St, Eaglehawk

119 Victoria St, Eaglehawk is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 1160m2. The place is currently for sale with PH Property.

Building Type
BlockOfUnits
Land Size
1160m2

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About Eaglehawk 3556

The size of Eaglehawk is approximately 14.5 square kilometres. It has 21 parks covering nearly 18.8% of total area. The population of Eaglehawk in 2011 was 4,809 people. By 2016 the population was 5,691 showing a population growth of 18.3% in the area during that time. The predominant age group in Eaglehawk is 0-9 years. Households in Eaglehawk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Eaglehawk work in a trades occupation. In 2011, 67.1% of the homes in Eaglehawk were owner-occupied compared with 65.7% in 2016.

Eaglehawk has 3,315 properties. Over the last 5 years, Houses in Eaglehawk have seen a 61.83% increase in median value, while Units have seen a 66.61% increase. As at 31 August 2024:

  • The median value for Houses in Eaglehawk is $484,495 while the median value for Units is $375,988.
  • Houses have a median rent of $450 while Units have a median rent of $365.
There are currently 27 properties listed for sale, and 1 property listed for rent in Eaglehawk on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in Eaglehawk.

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