58 Riverine StreetBairnsdale VIC 3875
Property Details for 58 Riverine St, Bairnsdale
58 Riverine St, Bairnsdale is a 6 bedroom, 6 bathroom Unit and was built in 1970. The property has a land size of 2545m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in November 2016.
Last Listing description (September 2023)
Situated in the Bairnsdale CBD, within easy walking distance to shops, cafes, and supermarkets, this block of 6 one bedroom units is an excellent investment opportunity. Each unit features an open plan kitchen/dining/living space which opens up on to their own private balconies that overlook the Mitchell River, walking track and mountains. All 6 units feature electric heating in the main living spaces and generously sized bedrooms with built-in robes and adjoining ensuite bathrooms. Positioned on an allotment of approximately 2,500 square meters and vehicle access available from the rear road, there is potential for the new vendor to improve the property by developing car spaces for the residents (STCA). Potential annual return of approximately $90,480 representing a 6.48% gross. All 6 units are currently rented, therefore inspections will be by appointment only. Please contact Elders Real Estate Bairnsdale/Paynesville on 03 5152 7588.
Property History for 58 Riverine St, Bairnsdale, VIC 3875
- 31 Mar 2023Listed for Sale $1,395,000
- 18 Sep 2021Listed for Sale $1,175,000
- 01 Jun 2021Listed for Sale $1,295,000
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0About 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.
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