28 Apollo Dr, Andergrove is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 700m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
This Duplex property has a history of high occupancy and provides a safe entry to the Investment market for new investors or a portfolio extension for the established. High occupancy rate coupled with an excellent return makes this property one to investigate without delay.
A sale price of $430,000 will reflect a gross return in excess of 7%.
The existing Duplex is low maintenance low set brick veneer construction on concrete slab, with metal deck roof and aluminum framed windows. The exterior has recently been painted and the presentation is very good.
Each Unit comprises two bedrooms, bathroom, laundry, kitchen and Open Plan dining/living area.
Car accommodation is provided by a single carport per Unit.
All windows and doors are security screened and there are split system air conditioners and ceiling fans in all bedrooms and living areas. All bedrooms have built in robes and a vanity area.
The property is handy to Andergrove Primary School, Woolworths Shopping Centre, the new Coles complex recently opened and is within walking distance of the Andergrove Tavern.
For inspection and/or details of Income and Expenditure, contact Dan today.
The size of Andergrove is approximately 8.5 square kilometres. It has 23 parks covering nearly 8.8% of total area. The population of Andergrove in 2011 was 9,372 people. By 2016 the population was 9,433 showing a population growth of 0.7% in the area during that time. The predominant age group in Andergrove is 0-9 years. Households in Andergrove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Andergrove work in a trades occupation. In 2011, 65% of the homes in Andergrove were owner-occupied compared with 61.1% in 2016.
Andergrove has 4,508 properties. Over the last 5 years, Houses in Andergrove have seen a 63.76% increase in median value, while Units have seen a 78.93% increase. As at 30 September 2024:
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