603 Peel Street NBlack Hill VIC 3350
Property Details for 603 Peel St N, Black Hill
603 Peel St N, Black Hill is a bedroom, 14 bathroom House with 2 parking spaces. The property has a land size of 2697m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (March 2017)
Its a rare find to have an investment opportunity that offers return, position and safety.
Consisting of 9 one bedroom units and 5 two bedroom units, the property sits on almost three quarters of an acre in a prime position of Soldiers Hill, Ballarat North. Offering a return of approx. 6% after rates and with the safety of consistent occupancy. The opportunity also exists to upgrade the units to increase both value and return. There is also the possibility to section off some street front land to build a house or a couple of villas (STCA). Schools, public transport and shopping are all in close proximity.
Call now to arrange a time to discuss!
Property History for 603 Peel St N, Black Hill, VIC 3350
- 01 Dec 2016Sold for $1,550,000
- 18 Nov 2016Listed for Sale $1,650,000
- 03 Jun 2015Listed for Rent - Price not available
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About Black Hill 3350
The size of Black Hill is approximately 1.8 square kilometres. It has 7 parks covering nearly 32.3% of total area. The population of Black Hill in 2011 was 2,131 people. By 2016 the population was 2,118 showing a population decline of 0.6% in the area during that time. The predominant age group in Black Hill is 20-29 years. Households in Black Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Black Hill work in a professional occupation. In 2011, 62.6% of the homes in Black Hill were owner-occupied compared with 61.2% in 2016.
Black Hill has 1,148 properties. Over the last 5 years, Houses in Black Hill have seen a 26.60% increase in median value, while Units have seen a 27.93% increase. As at 31 October 2024:
- The median value for Houses in Black Hill is $605,294 while the median value for Units is $358,607.
- Houses have a median rent of $395 while Units have a median rent of $380.
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