OFF MARKET

8 Millbank Street
Bacchus Marsh VIC 3340

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 112m2
Land area: 872m2
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Last updated 30 Sep 2024
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Property Details for 8 Millbank St, Bacchus Marsh

8 Millbank St, Bacchus Marsh is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 872m2 and floor size of 112m2.

Building Type
Unit
Floor Size
112m2
Land Size
872m2
Local Government
Moorabool

Last Listing description (October 2022)

Location is everything when it comes to buying your next home, whether it be your family home, first home, investment, or your next project. Being only a short distance to the Main Street of Bacchus Marsh, it doesn't get any better than 8 Millbank Street.

This perfectly positioned approx. 872m2 block consisting of 2 individual residences with the potential to subdivide (STCA).

Potential return on investment of $32,760 pa. (approx.). House = $370pw (approx.) Unit = $260pw (approx.).

Main residence includes 3 spacious bedrooms, 1 updated bathroom with rear toilet access, 2 secure car spaces, plus plenty of off-street parking in driveway and through rear access. Front balcony with views. Updated kitchen/dining area featuring original fireplace, large living room at the front of the home with split system heating and cooling also featuring an original fireplace.

Large, characterised shed/studio at rear with reclaimed weatherboards from the original home equipped with additional storage underneath.
Unique art deco unit includes 1 bedroom, 1 bathroom, 1 car space under the attached carport, open plan kitchenette/living. Suitable for a home office, teenage kid, the in-laws, or investment opportunity.

You're not only buying a home, but a lifestyle. Located only a short walk away from a selection of local friendly cafes, restaurants, take away shops, bottle shops, the village shopping centre and close proximity to Schools, gyms and the Bacchus Marsh Train Station.

To find out more about this great opportunity in the heart of town, contact Steve Creese on 0475 888 101 or steve.creese@arbee*** or Charlee Macpherson on 0451 651 211 or charlee@arbee*** and book your inspection today!

Property History for 8 Millbank St, Bacchus Marsh, VIC 3340

A timeline of how this property has performed in the market
Listed for Rent
10 Jul 2019
  • 10 May 2022
    Listed for Sale $820,000
  • 27 May 2019
    Listed for Rent - Price not available

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About Bacchus Marsh 3340

The size of Bacchus Marsh is approximately 12.2 square kilometres. It has 24 parks covering nearly 3.8% of total area. The population of Bacchus Marsh in 2011 was 5,759 people. By 2016 the population was 6,398 showing a population growth of 11.1% in the area during that time. The predominant age group in Bacchus Marsh is 60-69 years. Households in Bacchus Marsh are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bacchus Marsh work in a professional occupation. In 2011, 69.4% of the homes in Bacchus Marsh were owner-occupied compared with 67.8% in 2016.

Bacchus Marsh has 5,150 properties. Over the last 5 years, Houses in Bacchus Marsh have seen a 33.27% increase in median value, while Units have seen a 34.95% increase. As at 31 August 2024:

  • The median value for Houses in Bacchus Marsh is $639,160 while the median value for Units is $407,463.
  • Houses have a median rent of $475 while Units have a median rent of $380.
There are currently 78 properties listed for sale, and 13 properties listed for rent in Bacchus marsh on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Bacchus marsh.

Suburb Insights for Bacchus Marsh 3340

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.