FOR SALE
$1,100,000

1303 Mountain Highway
The Basin VIC 3154

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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Exceptional Investment Opportunity in The Basin!

• Prime Location: Situated in a busy shopping strip, featuring a landmark Post Office operating since 1902.
• Post Office Lease: Approx. 127 sqm, leased at $33,728.2 pa (3-year term with option) until 2028, plus outgoings and annual reviews.
• Rear Townhouse: Spacious double-storey, three-bedroom residence with private entry, leased at $22,083 pa.
• High Total Rental Return: Combined rental return of $55,811.2 pa.
• Additional Features: On-site parking, rear access, abundant natural light, subdivision potential (STCA) and Commercial Zone 1.
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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 1303 Mountain Hwy, The Basin

1303 Mountain Hwy, The Basin is a 3 bedroom, 1 bathroom House with 2 parking spaces. The place is currently for sale with Professionals First & Co.

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House

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About The Basin 3154

The size of The Basin is approximately 5.1 square kilometres. It has 11 parks covering nearly 9% of total area. The population of The Basin in 2011 was 4,229 people. By 2016 the population was 4,400 showing a population growth of 4.0% in the area during that time. The predominant age group in The Basin is 40-49 years. Households in The Basin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Basin work in a trades occupation. In 2011, 87.2% of the homes in The Basin were owner-occupied compared with 84.4% in 2016.

The Basin has 1,852 properties. Over the last 5 years, Houses in The Basin have seen a 29.03% increase in median value, while Units have seen a 27.38% increase. As at 30 November 2024:

  • The median value for Houses in The Basin is $914,386 while the median value for Units is $762,716.
  • Houses have a median rent of $575 while Units have a median rent of $375.
There are currently 6 properties listed for sale, and 2 properties listed for rent in The basin on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in The basin.

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