35 Old Wolvi Rd, Victory Heights is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1877m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in February 2008.
Development Potential
For the part time or experienced developer, this 1877 m2 package consists of a lowset 3 bedroom brick home with hardwood floors; no structural work to be done, just a lick and a flick to give extra funds to put into building a duplex on this subdivideable block. House would rent for approximately $240 a week and the duplex would return upto $500 a week making this one of the few positively geared propositions available in today's market. The choice is yours which way you go, buy and sell, or buy and hold, either way these opportunities don't arise every day. Call for Rob May for inspection.
Additional feature - Verandah/Entertining area.
The size of Victory Heights is approximately 5.1 square kilometres. The population of Victory Heights in 2011 was 580 people. By 2016 the population was 570 showing a population decline of 1.7% in the area during that time. The predominant age group in Victory Heights is 60-69 years. Households in Victory Heights are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Victory Heights work in a labourer occupation. In 2011, 70.5% of the homes in Victory Heights were owner-occupied compared with 68.1% in 2016.
Victory Heights has 273 properties. Over the last 5 years, Houses in Victory Heights have seen a 108.86% increase in median value. As at 31 October 2024:
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