2/85 Drummond StreetDennington VIC 3280
Property Details for 2/85 Drummond St, Dennington
2/85 Drummond St, Dennington is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 350m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Dennington in the last 12 months.
Last Listing description (September 2024)
Two units on a single title, each with fixed term leases and renting at $400 per week per unit.
Presenting the perfect opportunity to add to or begin to build an investment portfolio. These brick veneer units are well built, offering open plan living, kitchen and dining. Each unit comprises of two bedrooms, all bedrooms including built in robes. The front unit with updated bathroom and rear unit inclusive of solar.
Adjoining carports offering secure off-street parking, with functional yard space at both units. Separately metered, offering the new owner the opportunity to occupy one and rent the other.
Within walking distance to the Dennington Woolworths complex, St Johns Primary school and the local Milk Bar a block away.
With a current rental yield just short of 7%, this is not an opportunity that presents itself often in the current Warrnambool marketplace.
Offering private inspections via appointment, contact us today.
Property History for 2/85 Drummond St, Dennington, VIC 3280
- 23 Jul 2024Sold
- 19 Apr 2024Listed for Sale $565,000 - $600,000
- 08 Feb 2024Listed for Rent $400 / week
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About Dennington 3280
The size of Dennington is approximately 12 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Dennington in 2011 was 1,557 people. By 2016 the population was 1,884 showing a population growth of 21.0% in the area during that time. The predominant age group in Dennington is 0-9 years. Households in Dennington are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dennington work in a trades occupation. In 2011, 78.3% of the homes in Dennington were owner-occupied compared with 73.4% in 2016.
Dennington has 1,030 properties. Over the last 5 years, Houses in Dennington have seen a 75.20% increase in median value, while Units have seen a 40.37% increase. As at 31 July 2024:
- The median value for Houses in Dennington is $639,509 while the median value for Units is $407,226.
- Houses have a median rent of $570 while Units have a median rent of $300.
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