FOR SALE
$295,000 - $305,000

5/122 Patten Street
Sale VIC 3850

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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SOLID INVESTMENT ON 5.28% GROSS ROI

Located in East Sale, close to schools, FoodWorks, Central Gippsland Hospital and recreational facilities is this great first home or set-and-forget real estate investment. The property comprises two sizable bedrooms with built-in robes, a full family bathroom, a spacious living and meals area and an adjoining well-equipped kitchen with walk-in-pantry. Further features include gas heating, an air conditioner and good storage throughout. Outside there is a north-facing low-maintenance rear yard, single carport and small store/garden shed. All of this is contained in a well-maintained unit development. If you're looking for an affordable first home or adding to your investment portfolio, then an inspection of this property is well worth your time. Contact Ferg Horan on 0417 123 162 today.
The property is tenanted until 13/8/25 at $300 per week.
Disclaimer: Prospective purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. For a Due Diligence Checklist go to: http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 5/122 Patten St, Sale

5/122 Patten St, Sale is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Graham Chalmer Real Estate.

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Unit

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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,736 properties. Over the last 5 years, Houses in Sale have seen a 54.82% increase in median value, while Units have seen a 59.54% increase. As at 30 September 2024:

  • The median value for Houses in Sale is $477,141 while the median value for Units is $316,981.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 143 properties listed for sale, and 33 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 314 properties were sold in the past 12 months in Sale.

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Ferg Horan
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