1/56 Christina Stead St, Franklin is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2010. The property has a land size of 9498m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in September 2017.
Located within walking distance to the soon to be completed Light Rail on Flemington Road, this three bedroom, ensuite, single level townhouse with executive style finishes provides a unique opportunity for either an investor or live in owner.
Currently rented for $490 per week on a fixed term lease, your investment is already generating excellent return. Alternatively, if you're looking for something to live in, take advantage of the tax savings in the first 12 months then simply move in and enjoy.
A limited number of this type of floorplan is available in the complex, with the current owners upgrading the inclusions at the time of construction. Sleek black tiling flows through the living area, kitchen and into the bathrooms, with carpet and built in wardrobes in the bedrooms. The master bedroom with walk in wardrobe also includes a large ensuite with frameless glass shower screens.
The size of Franklin is approximately 2.3 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Franklin in 2011 was 3,807 people. By 2016 the population was 6,421 showing a population growth of 68.7% in the area during that time. The predominant age group in Franklin is 30-39 years. Households in Franklin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Franklin work in a professional occupation. In 2011, 69.5% of the homes in Franklin were owner-occupied compared with 55.5% in 2016.
Franklin has 2,851 properties. Over the last 5 years, Houses in Franklin have seen a 43.84% increase in median value, while Units have seen a 31.05% increase. As at 31 October 2024:
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