OFF MARKET

2/16 Mitchell Street
Bairnsdale VIC 3875

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 111m2
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Property Details for 2/16 Mitchell St, Bairnsdale

2/16 Mitchell St, Bairnsdale is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 111m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
1975
Land Size
111m2
Local Government
East Gippsland
Lot/Plan
2/RP7901

Last Listing description (March 2020)

Located along Mitchell Street and only a short stroll to Bairnsdale CBD this rock solid one-bedroom apartment would be a great addition to your investment portfolio.
An open kitchen/meals and lounge room leads to the large single bedroom with built-in robes.
Positioned as the middle unit in a block of three with a single lockable garage.

Currently tenanted with a long standing tenant at $200 per week that realizes an approximate 6.3% gross return on your investment.

Property History for 2/16 Mitchell St, Bairnsdale, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$157,000
16 Mar 2020
Listed for Rent
$180/w
07 Nov 2014
  • 16 Mar 2020
    Sold for $157,000
  • 13 Jan 2020
    Listed for Sale $165,000
  • 26 Aug 2014
    Listed for Rent $180 / week
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About Bairnsdale 3875

The size of Bairnsdale is approximately 66.4 square kilometres. It has 15 parks covering nearly 9.2% of total area. The population of Bairnsdale in 2011 was 7,237 people. By 2016 the population was 7,581 showing a population growth of 4.8% in the area during that time. The predominant age group in Bairnsdale is 60-69 years. Households in Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bairnsdale work in a professional occupation. In 2011, 63.8% of the homes in Bairnsdale were owner-occupied compared with 60.8% in 2016.

Bairnsdale has 5,789 properties. Over the last 5 years, Houses in Bairnsdale have seen a 64.74% increase in median value, while Units have seen a 51.37% increase. As at 31 August 2024:

  • The median value for Houses in Bairnsdale is $442,717 while the median value for Units is $332,121.
  • Houses have a median rent of $440 while Units have a median rent of $340.
There are currently 85 properties listed for sale, and 24 properties listed for rent in Bairnsdale on OnTheHouse. According to CoreLogic's data, 216 properties were sold in the past 12 months in Bairnsdale.

Suburb Insights for Bairnsdale 3875

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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.