OFF MARKET

7 Elm Court
Churchill VIC 3842

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 162m2
Land area: 668m2
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Last updated 11 Nov 2024
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Property Details for 7 Elm Ct, Churchill

7 Elm Ct, Churchill is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 668m2 and floor size of 162m2.

Building Type
House
Year Built
2021
Floor Size
162m2
Land Size
668m2
Local Government
Latrobe

Last Listing description (October 2024)

Discover an exceptional investment opportunity that promises impressive returns in the growing regional township of Churchill. This near new residential home offers you over 6% rental yield and currently returns a market leading $715 per week (utilities included). Whether you are looking to begin or expand your portfolio, this property is a golden opportunity.
The contemporary home offers quality, comfort, and versatility. The flexible floorplan opens the door to many lifestyle possibilities and is sure to tick all the boxes. Comprising 4 bedrooms in total each with built in robes and serviced by 3 bathrooms (ensuite to the master). The two large open plan living zones gives everyone their own space, and temperature controlled by two reverse cycle split systems. Car accommodation and laundry facilities are in the double garage with remote and internal access.
The allotment measures 642m2 and is positioned on a quiet court across the road from multiple parks, the Churchill Football Netball Club, Tennis Centre and several other amenities. Just a short 10 minute drive from Morwell or 15 minutes from Traralgon.

Securely leased at $715/week (utilities included), seize this extraordinary opportunity today.

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Property History for 7 Elm Ct, Churchill, VIC 3842

A timeline of how this property has performed in the market
  • 29 Aug 2024
    Listed for Sale $575,000
  • 24 May 2024
    Listed for Sale $525,000 - $575,000
  • 24 May 2023
    Listed for Sale $600,000
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About Churchill 3842

The size of Churchill is approximately 21.2 square kilometres. It has 15 parks covering nearly 6.1% of total area. The population of Churchill in 2011 was 4,943 people. By 2016 the population was 4,772 showing a population decline of 3.5% in the area during that time. The predominant age group in Churchill is 20-29 years. Households in Churchill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Churchill work in a trades occupation. In 2011, 68.5% of the homes in Churchill were owner-occupied compared with 65.6% in 2016.

Churchill has 2,655 properties. Over the last 5 years, Houses in Churchill have seen a 89.52% increase in median value, while Units have seen a 57.66% increase. As at 31 October 2024:

  • The median value for Houses in Churchill is $360,948 while the median value for Units is $311,343.
  • Houses have a median rent of $380.
There are currently 18 properties listed for sale, and 3 properties listed for rent in Churchill on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Churchill.

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