G24/1728 Dandenong RoadClayton VIC 3168
Property Details for G24/1728 Dandenong Rd, Clayton
G24/1728 Dandenong Rd, Clayton is a 1 bedroom, 1 bathroom Unit and was built in 2012. The property has a land size of 1709m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (May 2024)
This fantastic opportunity is perfect for the savvy investor looking to secure a one-bedroom student housing-only apartment that is being sold fully furnished & comprising of a galley kitchen, gas cooktop & clever use of cupboard space, bedroom with built-in wardrobe, built-in study nook, open plan living room, central bathroom & toilet, as well as access to a large communal laundry & T.V. & lounge entertaining area downstairs for all the students to utilise.
(Example only)
Potential Rental $250 -$270 PW
Rent in 2022 = $270 x 52 = $14,040
Purchase price = $175,000
Mortgage is 100% = $175,000 @ say 5% = $8,750
ROI = 14.076 (1173.00 x 12) / 175,000 = 8.02%
Positive Cash Flow = Rent - Mortgage = 14,040 - 8,750 = $5,290
(These calculations are not audited or considered to be accurate, but it is advised that prospective BUYERS are asked to do their own due diligence and satisfy themselves for their own situations.)
The building is approx. 10 years old, opposite Monash University Clayton Campus, and managed by Student Housing Australia.
Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Property History for G24/1728 Dandenong Rd, Clayton, VIC 3168
- 17 Apr 2024Listed for Sale Sale
- 10 May 2023Listed for Rent $320 / week
- 22 Mar 2023Listed for Sale Sale
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About Clayton 3168
The size of Clayton is approximately 7.9 square kilometres. It has 9 parks covering nearly 4.1% of total area. The population of Clayton in 2011 was 15,543 people. By 2016 the population was 19,348 showing a population growth of 24.5% in the area during that time. The predominant age group in Clayton is 20-29 years. Households in Clayton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clayton work in a professional occupation. In 2011, 40.2% of the homes in Clayton were owner-occupied compared with 35.2% in 2016.
Clayton has 11,881 properties. Over the last 5 years, Houses in Clayton have seen a 3.10% increase in median value, while Units have seen a 4.16% increase. As at 31 October 2024:
- The median value for Houses in Clayton is $1,166,254 while the median value for Units is $637,749.
- Houses have a median rent of $600 while Units have a median rent of $550.
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