OFF MARKET

86 Racecourse Road
Ascot VIC 3551

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 73m2
Land area: 2032m2
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Property Details for 86 Racecourse Rd, Ascot

86 Racecourse Rd, Ascot is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 2032m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
1970
Floor Size
73m2
Land Size
2032m2
Local Government
Greater Bendigo
Lot/Plan
2/LP205092

Last Listing description (April 2023)

- Ideal investment opportunity offering 3 homes on the one title - exceptional value at approximately $275,000 per unit each

- One two bedroom unit and two single bedroom units with one owner occupier and tenants in the other two

- All units have been modernised to a high standard and are in excellent condition - the units can achieve $270 to $350 per week each in the current high demand rental market

- Long term tenants currently that are interested in remaining on as tenants

- Fabulous site of 2,033m2 offering further potential for the future subject to approval from regulatory authorities

- The site is zoned low density residential and is adjacent to the Bendigo Golf Club and a short distance to the Bendigo Jockey Club presenting many accommodation options for the business minded investor

- A rare opportunity to secure three properties with yields all on the one site in a high growth area

- Excellent location close to major events, all amenities, Bendigo airport, Epsom Village shopping centre, Epsom train station. It is a progressive area with a planned 3rd stage extension to Epsom Village having now commenced, Kentucky Fried Chicken restaurant is underway and a new child care centre is planned adjoining the Epsom Village. Vital Bendigo are building an over 55 Lifestyle Village in Golf Course Road close to this property and the Bendigo Golf Club

- Bendigo and Ascot have a very high demand for rental properties with virtually zero vacancy rates

- Currently in Ascot a 660m2 vacant block of land will cost you $330,000 to $360,000 and possibly more

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 668

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Property History for 86 Racecourse Rd, Ascot, VIC 3551

A timeline of how this property has performed in the market
Last Sold
$740,000
05 Dec 2022
  • 05 Dec 2022
    Sold for $740,000
  • 11 Mar 2022
    Listed for Sale New Price! Contact Agent
  • 15 Dec 1998
    Sold for $118,000

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About Ascot 3551

The size of Ascot is approximately 9.8 square kilometres. It has 3 parks covering nearly 16.6% of total area. The population of Ascot in 2011 was 1,342 people. By 2016 the population was 1,964 showing a population growth of 46.3% in the area during that time. The predominant age group in Ascot is 0-9 years. Households in Ascot are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ascot work in a professional occupation. In 2011, 85.9% of the homes in Ascot were owner-occupied compared with 75.9% in 2016.

Ascot has 1,208 properties. Over the last 5 years, Houses in Ascot have seen a 53.54% increase in median value. As at 31 August 2024:

  • The median value for Houses in Ascot is $637,776 while the median value for Units is $461,677.
  • Houses have a median rent of $495.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Ascot on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Ascot.

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