OFF MARKET

4/37 Sydenham Parade
Bemm River VIC 3889

Bedrooms: 4
Bathrooms: -
Car spaces: -
Floor area: 85m2
Land area: 427m2
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Last updated 16 Dec 2024
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Property Details for 4/37 Sydenham Pde, Bemm River

4/37 Sydenham Pde, Bemm River is a 4 bedroom, 0 bathroom Unit and was built in 1970. The property has a land size of 427m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
1970
Floor Size
85m2
Land Size
427m2
Local Government
East Gippsland
Lot/Plan
5/PS532614

Last Listing description (March 2020)

Set and forget and track the deposits into your bank account. This investment is professionally managed by the onsite managers. No hassles as they handle all bookings, reservations, cleaning, maintenance, and accounting to the owner. Returned $37,000 income 2018 – 2019. After expenses ROI 15% gross. Or 9% net. Get your bank to beat that! You can also holiday there for 3 weeks annually.
Great super investment.

Property History for 4/37 Sydenham Pde, Bemm River, VIC 3889

A timeline of how this property has performed in the market
Last Sold
$301,000
20 May 2022
  • 20 May 2022
    Sold for $301,000
  • 19 Dec 2019
    Sold for $215,000
  • 05 Jul 2019
    Listed for Sale Sold
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About Bemm River 3889

The size of Bemm River is approximately 271.9 square kilometres. It has 4 parks covering nearly 97.1% of total area. The population of Bemm River in 2011 was 288 people. By 2016 the population was 58 showing a population decline of 79.9% in the area during that time. The predominant age group in Bemm River is 70-79 years. Households in Bemm River are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Bemm River work in a trades occupation. In 2011, 82.3% of the homes in Bemm River were owner-occupied compared with 60% in 2016..

Bemm River has 146 properties. Over the last 5 years, Houses in Bemm River have seen a 33.89% increase in median value. As at 30 November 2024:

  • The median value for Houses in Bemm River is $362,763 while the median value for Units is $308,141.
There are currently 2 properties listed for sale, and no properties listed for rent in Bemm river on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Bemm river.

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