14/2 Ochiltree St, Somerville is a 2 bedroom, 1 bathroom Unit with 2 parking spaces. The property has a land size of 157m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Somerville in the last 12 months.
Discover this fantastic investment opportunity with this fully furnished unit, delivering an estimated 11% gross rental return. Ideal for investors seeking a prime, easy maintenance addition to their portfolio, this property offers consistent income and strong growth potential.
Situated in a sought-after location and complete with modern furnishings and appliances, ensuring immediate tenant appeal and satisfaction.
Property is currently vacant with the estimated lease appraised between $600 - $650 per week.
Don't miss out on an exceptional investment with a great return!
Contact Levi Willcocks on 0474 587 930 for an inspection.
Features
Furnished
2 Bedrooms
1 Bathroom
Open Plan Living, Dining and Kitchen
Laundry
Evaporative Air Conditioning
Private Courtyard
Garden Shed
2 Carport
Communal inground swimming pool
Land - 157m²
Strata Rates - $684.20 per quarter
Council Rates - $2,256.74
Water Rates - $280.00app
The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15% of total area. The population of Somerville in 2011 was 3,811 people. By 2016 the population was 4,134 showing a population growth of 8.5% in the area during that time. The predominant age group in Somerville is 40-49 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 58.6% of the homes in Somerville were owner-occupied compared with 59% in 2016.
Somerville has 1,804 properties. Over the last 5 years, Houses in Somerville have seen a 59.04% increase in median value, while Units have seen a 42.82% increase. As at 31 July 2024:
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