1 Donax Rd, Corio is a 6 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1969. The property has a land size of 757m2. While the property is not currently for sale or for rent, it was last sold in August 2012.
6 Strata titled 1 Bedroom units wedged between Hendy and Donax reserves sits this ideal entry level unit for the investor with a keen eye on the future. Walking distance to the train station and a short trip to Geelong CBD this unit is very well-maintained offering more than accommodation, the capital growth in this pocket of approximately 8% makes it the perfect entry level investment.
With a current yield of around 4% and average weekly rental returns exceeding $55K PA provides outstanding economic security and a cash positive return on investment.
Priced accurately, the location for tenants is inspired and the location for you is even better.
The size of Corio is approximately 19.1 square kilometres. It has 36 parks covering nearly 8.8% of total area. The population of Corio in 2011 was 15,072 people. By 2016 the population was 15,298 showing a population growth of 1.5% in the area during that time. The predominant age group in Corio is 10-19 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation. In 2011, 61% of the homes in Corio were owner-occupied compared with 58% in 2016.
Corio has 7,861 properties. Over the last 5 years, Houses in Corio have seen a 39.22% increase in median value, while Units have seen a 32.31% increase. As at 30 September 2024:
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