FOR SALE
$1,600,000- $1,750,000

43 Edgar Street
Werribee VIC 3030

Bedrooms: 9
Bathrooms: 9
Car spaces: 9
Land area: 843m2
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Circa 10% (approx. +/-) Returns on your investment dollars. Prime opportunity!

This is one of those opportunities that if you are capable of jumping on, you absolutely grab with both hands.
This nine room-rooming house attracts individual tenants with its serviced apartments that are primely located close to the Werribee CBD while also being quite comfortable and well appointed to your tenants keeping them in demand. Individually, this year they will attract a weekly rent of $350 per week ($18,200 Per Annum), remembering that there is nine of them, so this years' rent is expected at $163,800 (approx.) when you run the math…you are in the region of 8-9% return on investment (approx.) which is obscenely good and just not heard of.
The residence itself comprises of 9 individual rooms where they are all fully serviced with individual ensuites, queen sized bed, flat screen televisions, split system heating and cooling and a utility bench with sink, while the ground floor apartments also benefit from individual private court yards. Food preparation and laundry utilities are available via the common kitchen and meals/dining room comprising modern appliances including dishwasher and separate laundry complete with washing machine and dryer.
Off street parking is easily available with thanks to the properties 843M2 allotment (approx.), hence with a huge rear yard for parking or even entertaining guests.
Only a few kilometres from the Werribee CBD, your tenants have very simple access to shopping, public transport including the Werribee Train Station and an array of lifestyle options entailing café's, parks, the Werribee River walking, bars and other night life.
Tenant's happy, TICK!
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Property Details for 43 Edgar St, Werribee

43 Edgar St, Werribee is a 9 bedroom, 9 bathroom House with 9 parking spaces. The property has a land size of 843m2. The place is currently for sale with Ray White Werribee.

Building Type
House
Land Size
843m2

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About Werribee 3030

The size of Werribee is approximately 42.7 square kilometres. It has 69 parks covering nearly 8.1% of total area. The population of Werribee in 2011 was 37,737 people. By 2016 the population was 40,344 showing a population growth of 6.9% in the area during that time. The predominant age group in Werribee is 20-29 years. Households in Werribee are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Werribee work in a clerical occupation. In 2011, 68.6% of the homes in Werribee were owner-occupied compared with 65.4% in 2016.

Werribee has 28,375 properties. Over the last 5 years, Houses in Werribee have seen a 22.60% increase in median value, while Units have seen a 18.81% increase. As at 31 October 2024:

  • The median value for Houses in Werribee is $632,262 while the median value for Units is $435,135.
  • Houses have a median rent of $478 while Units have a median rent of $410.
There are currently 187 properties listed for sale, and 80 properties listed for rent in Werribee on OnTheHouse. According to CoreLogic's data, 1239 properties were sold in the past 12 months in Werribee.

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Ray White Werribee
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