Property Details for Lot 125 Pioneer Dr, Morisset
Lot 125 Pioneer Dr, Morisset is a 6 bedroom, 4 bathroom House.
Last Listing description (August 2023)
The Key Benefit of duplex investing is that they can help you reach your goals sooner.
Duplexes are designed to achieve three key outcomes: gd
? Uplift: ie the gain in value achieved by developing two homes on a single block of land.
? Yield: the income you generate from a property as a percentage of the property?s value.
This AMAZING opportunity is in the Lake Macquarie area: Situated between Morisset & the waterfront reserve ? and just minutes to walk to local schools, an express-link train station and the heart of town.
Key features include:
? 3+3 bedrooms, 2+2-bathrooms, 1+1-garages
? Full turn-key package ? tenant ready
? Complete with 1.8kW solar power
? Registered land, ready to build.
? Current rent circa $1200/week, ie 5.19% yield [23.03.09]
? Estimated equity uplift: $87,00 to $187,000 [ie sell for $650k-$700k/unit]
? Your investment: for this amazing package ? just $1,212,768
? Please reach out to us if this opportunity interests you ? Call Colin: 0411-182-000
Or email with phone number & best time to call: Colin@freedomsolutions.com.au
? Also available: Other opportunities, including dual key, duplex & SMSF for various budgets:
Call Colin: 0411-182-000 or email Colin@freedomsolutions.com.au
Property History for Lot 125 Pioneer Dr, Morisset, NSW 2264
- 17 Aug 2023Listed for Sale Not Disclosed
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About Morisset 2264
The size of Morisset is approximately 26.9 square kilometres. It has 25 parks covering nearly 50.9% of total area. The population of Morisset in 2011 was 2,856 people. By 2016 the population was 3,237 showing a population growth of 13.3% in the area during that time. The predominant age group in Morisset is 70-79 years. Households in Morisset are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morisset work in a professional occupation. In 2011, 69.5% of the homes in Morisset were owner-occupied compared with 63.2% in 2016.
Morisset has 2,916 properties. Over the last 5 years, Houses in Morisset have seen a 64.87% increase in median value, while Units have seen a 26.13% increase. As at 31 October 2024:
- The median value for Houses in Morisset is $835,898 while the median value for Units is $574,695.
- Houses have a median rent of $560 while Units have a median rent of $500.
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