SOLD
Sold on 19 Jun 2024 for $250,000

5/4 Grosvenor Court
Bairnsdale VIC 3875

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 137m2
Land area: 376m2
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Property Details for 5/4 Grosvenor Ct, Bairnsdale

5/4 Grosvenor Ct, Bairnsdale is a 2 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 376m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom House sold in Bairnsdale in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
137m2
Land Size
376m2
Local Government
East Gippsland
Lot/Plan
1/RP14969

Last Listing description (October 2024)

Presenting an exceptional investment opportunity with two spacious two-bedroom apartments on a single title. Unit 5 already boasts an excellent tenant, ensuring immediate rental income. Meanwhile, Unit 6 offers a fantastic chance to add value through renovation. With some updates and personal touches, this unit can become another reliable source of income. Ideal for investors seeking both instant returns and potential for future growth, this property is a promising addition to any portfolio. Seize this chance to secure a valuable asset with substantial rental potential.

Property History for 5/4 Grosvenor Ct, Bairnsdale, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$250,000
19 Jun 2024
Listed for Rent
$195/w
15 Nov 2018
  • 19 Jun 2024
    Sold for $250,000
  • 29 May 2024
    Listed for Sale Under Contract
  • 15 Oct 2018
    Listed for Rent $195 / 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 5,838 properties. Over the last 5 years, Houses in Bairnsdale have seen a 49.81% increase in median value, while Units have seen a 52.95% increase. As at 31 January 2025:

  • The median value for Houses in Bairnsdale is $451,202 while the median value for Units is $366,478.
  • Houses have a median rent of $450 while Units have a median rent of $370.
There are currently 100 properties listed for sale, and 28 properties listed for rent in Bairnsdale on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Bairnsdale.

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