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
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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.
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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

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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 2,541 properties. Over the last 5 years, Houses in Kerang have seen a 88.46% increase in median value, while Units have seen a 59.28% increase. As at 31 October 2024:

  • The median value for Houses in Kerang is $302,851 while the median value for Units is $273,637.
  • Houses have a median rent of $290 while Units have a median rent of $225.
There are currently 44 properties listed for sale, and 5 properties listed for rent in Kerang on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Kerang.

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Nathan Hipworth
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Graeme Hayes
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Graemem Hayes Real Estate
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