FOR SALE
$1,000,000

46-48-50-50a Scoresby Street & 23 Nolan Street
Kerang VIC 3579

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Land area: 1997m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Exciting Investment Opportunity in Kerang, Victoria!

Discover a remarkable investment prospect in the heart of Kerang, where a bright future is on the horizon. With the proposed mineral/rare earth mine and ongoing developments positioning the Gannawarra Shire as a green energy hub, the Kerang region is quickly becoming a focal point for growth and opportunity.
We are offering a unique package consisting of 5 properties on a single title, which includes 3 separate dwellings and a duplex. Several of these properties have undergone significant renovations, ensuring they are positioned for high demand.
Income Potential: With all properties leased, the property will generate an impressive annual income of approximately $60,000 with substantial potential for growth in the years to come as the region develops and attracts more residents and businesses.
Zoning and Development Opportunities: The property is zoned commercial, which opens up multiple avenues for future development. The expansive allotment provides the flexibility for substantial projects, such as a shopping centre or a supermarket, tapping into the increasing population and economic activity in the area.
Investment Benefits:
• High rental yield with existing tenants.
• Significant upside potential as the region grows.
• Diverse options for future development (commercial, mixed-use).
• Ideal for inclusion in a superannuation investment portfolio.
Why Invest Here? As Northern Victoria continues to evolve and establish itself as a green energy hub, strategic investments in areas like Kerang are poised for strong returns. This property offers not just a stable income stream but also a canvas for future developments that can capitalize on the region's promising trajectory.
See MoreView Statement of Information

Property Details for 46-48-50-50a Scoresby Street & 23 Nolan Street, Kerang

46-48-50-50a Scoresby Street & 23 Nolan Street, Kerang is a 10 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 1997m2. The place is currently for sale with Graemem Hayes Real Estate.

Building Type
House
Land Size
1997m2

Commute Calculator

About Kerang 3579

The size of Kerang is approximately 146.6 square kilometres. It has 8 parks covering nearly 0.9% of total area. The population of Kerang in 2011 was 3,872 people. By 2016 the population was 3,897 showing a population growth of 0.6% in the area during that time. The predominant age group in Kerang is 60-69 years. Households in Kerang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kerang work in a managers occupation. In 2011, 69.5% of the homes in Kerang were owner-occupied compared with 71.3% in 2016.

Kerang has 2,528 properties. Over the last 5 years, Houses in Kerang have seen a 97.16% increase in median value, while Units have seen a 53.06% increase. As at 31 July 2024:

  • The median value for Houses in Kerang is $293,329 while the median value for Units is $287,203.
  • Houses have a median rent of $300 while Units have a median rent of $260.
There are currently 47 properties listed for sale, and 6 properties listed for rent in Kerang on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Kerang.

Kerang Profile Page

Suburb Insights for Kerang 3579

Visit Kerang profile page
Market Insights
Kerang 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.
Kerang 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 Kerang profile page
Contact agent
Nathan Hipworth
Show contact details
Call agent
Graeme Hayes
Show contact details
Call agent
Graemem Hayes 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