FOR SALE
Contact Agent

1 To 6/42-44 Lockwood Road
Kangaroo Flat VIC 3555

Bedrooms: 6
Bathrooms: 6
Car spaces: 6
Land area: 3278m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Fabulous investment of six units with space to build six more (STCA)

- Ideal investment opportunity offering 6 units on the one title. The land size of 3,278m2 overall provides an opportunity for a minimal further 6 more units to be built on site (STCA)
- The very astute investor will easily recognise the opportunity the property presents for an excellent high yielding property in the future
- There are six one bedroom units with them all being the same plan except the pairs of units eg 2 and 3 are a mirror image of each other
- All units have been renovated to some extent and are in very good condition, they all have a renovated kitchen, bathroom and laundry. Rentals are currently $200, $280, $230, $250, $280, $230 per unit, due to long term tenancies there have been minimal rental increases and current rentals are below market value
- The complex has long term excellent tenants currently that are interested in remaining on as tenants
- Fabulous site of 3,278m2 offering further potential for the future, there is adequate space to build another six units on the property opposite the current six units (STCA). As the property is zoned general residential this opportunity should be a mere formality but still subject to approvals from the regulatory authorities
- The site is zoned General residential and is in an excellent very central location close to all amenities, ideal property for the Government to consider or social housing organisations
- A very rare opportunity exists to secure six units with yields all on the one site in a high growth area. The units are not strata titled but this is an option for the investor to consider when undertaking their due diligence
- Excellent location close to shopping centres, schools, Lansell Square shopping centre, public transport, train station etc. It is a progressive area and being on the Melbourne side of Bendigo offers a much easier commute to Melbourne and Tullamarine airport
- Bendigo and Kangaroo Flat have a very high demand for rental properties with virtually zero vacancy rates
See MoreView Statement of Information

Property Details for 1 To 6/42-44 Lockwood Rd, Kangaroo Flat

1 To 6/42-44 Lockwood Rd, Kangaroo Flat is a 6 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 3278m2. The place is currently for sale with Gavin Butler Real Estate .

Building Type
BlockOfUnits
Land Size
3278m2

Commute Calculator

About Kangaroo Flat 3555

The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2011 was 9,492 people. By 2016 the population was 10,405 showing a population growth of 9.6% in the area during that time. The predominant age group in Kangaroo Flat is 20-29 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation. In 2011, 67.3% of the homes in Kangaroo Flat were owner-occupied compared with 67.4% in 2016.

Kangaroo Flat has NaN properties.

    There are currently no properties listed for sale, and no properties listed for rent in Kangaroo flat on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Kangaroo flat.

    Kangaroo Flat Profile Page

    Suburb Insights for Kangaroo Flat 3555

    Visit Kangaroo Flat profile page
    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Visit Kangaroo Flat profile page
    Contact agent
    Gavin Butler
    Show contact details
    Call agent
    Gavin Butler Real Estate
    Preferred contact:
    Privacy Policy
    CoreLogic Copyright and Legal Disclaimers about Property Data

    © Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

    This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

    X

    GETTING STARTED