FOR SALE
$525,000

Unit 1, 2 & 3/140 Waterloo Road
Moe VIC 3825

Bedrooms: 4
Bathrooms: 3
Car spaces: -
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Astute Investor Required

Rarely the opportunity arises to purchase a block of 3 Units on the one title, no body corporate fees, no negotiating with other owners, it is yours to do with as you please.
These units have an excellent rental history with sound returns. Collectively the rent is $765 per week, giving a gross return of $39,780pa ($3315pcm) that should be enough to cover the mortgage and most of the outgoings.
Unit 1: A spacious two bedroom unit with two good size living areas, tasteful décor throughout, returning $275pw
Unit 2 & 3: Are one bedroom units with open plan living areas that include a modern kitchen and living space, bathroom & laundry combined. Unit 2 currently returning $240pw and Unit 3 returning $250pw.
Each unit has a car parking space at the front of the unit and a combined rear yard for the enjoyment of all of the tenants.
These units are a set and forget investment, with the upside being if one tenant vacates you will still have an income stream from the other 2 units whilst awaiting a new tenant.
Property Code: 2066
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Property Details for Unit 1, 2 & 3/140 Waterloo Rd, Moe, VIC 3825

Unit 1 2 & 3/140 Waterloo Rd Moe VIC 3825 is a 4 bedroom, 3 bathroom BlockOfUnits. The place is currently for sale with Strzelecki Realty.

Building Type
BlockOfUnits

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About Moe 3825

The size of Moe is approximately 18.2 square kilometres. It has 28 parks covering nearly 7.1% of total area. The population of Moe in 2011 was 8,750 people. By 2016 the population was 8,792 showing a population growth of 0.5% in the area during that time. The predominant age group in Moe is 60-69 years. Households in Moe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moe work in a trades occupation. In 2011, 61.2% of the homes in Moe were owner-occupied compared with 61.3% in 2016.

Moe has 6,426 properties. Over the last 5 years, Houses in Moe have seen a 71.74% increase in median value, while Units have seen a 58.58% increase. As at 30 September 2024:

  • The median value for Houses in Moe is $353,324 while the median value for Units is $274,612.
  • Houses have a median rent of $365 while Units have a median rent of $280.
There are currently 57 properties listed for sale, and 6 properties listed for rent in Moe on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Moe.

Suburb Insights for Moe 3825

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Julie Reed
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Strzelecki Realty
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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.