81 Drummond StreetDennington VIC 3280
Property Details for 81 Drummond St, Dennington
81 Drummond St, Dennington is a 4 bedroom, 3 bathroom House with 3 parking spaces and was built in 1964. The property has a land size of 658m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (July 2021)
Already receiving a rental return of 6%, this group of 3 units on one title present the savvy investor a unique opportunity. Consisting of a spacious 1 bedroom unit, a 2 bedroom unit and a 3 bedroom unit, all with separate bathrooms and carports, well located in the growing hub of Dennington.
Unit 1 : Currently renting at $170 per week
Unit 2: Vacant previous rent $160 per week
Leave them as they are or improve them for an increased yield; live in one and lease out the others; short term accommodation so many options with rental properties in high demand.
Dennington has much to offer, with access to public transport, supermarket, doctors, school, day care, sporting facilities, the river and with Warrnambool a quick 5 minute drive away you are set!
Property History for 81 Drummond St, Dennington, VIC 3280
- 10 Mar 2021Sold for $405,000
- 20 Jan 2021Listed for Sale $420,000
- 13 Feb 2020Sold for $325,000
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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 1,033 properties. Over the last 5 years, Houses in Dennington have seen a 66.10% increase in median value, while Units have seen a 27.18% increase. As at 31 October 2024:
- The median value for Houses in Dennington is $607,082 while the median value for Units is $405,303.
- Houses have a median rent of $575 while Units have a median rent of $300.
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