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Sold on 15 Mar 2024 for $253,000

39 Farm Road
Diggers Rest VIC 3427

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Property Details for 39 Farm Rd, Diggers Rest

Building Type
Land
Local Government
Melton
Lot/Plan
1004/PS733910

Last Listing description (March 2024)

Transform adversity into opportunity with this fire-affected property in a prime location. The resilient concrete base remains intact, setting the stage for a lucrative rebuilding venture.

Key Investment Advantages:

Solid Foundation for Profit: The surviving concrete base ensures a robust starting point for a profitable reconstruction.

Strategic Location:

Community Appeal: Nestled in a sought-after neighborhood, appealing to families and investors alike.
Convenient Connectivity: Close proximity to essential amenities, schools, and recreational facilities.

Investor Benefits:

- Renovation Upside: Unlock the property's true worth with a savvy renovation or reconstruction strategy.
- Quick Turnaround: Leverage the existing structure to expedite the rebuilding process, ensuring a faster route to profit.

This is not just a property; it's an entrepreneurial opportunity waiting to be seized. Act now to secure your stake in this lucrative venture.

Property History for 39 Farm Rd, Diggers Rest, VIC 3427

A timeline of how this property has performed in the market
Last Sold
$253,000
15 Mar 2024
  • 15 Mar 2024
    Sold for $253,000
  • 20 Feb 2024
    Listed for Sale $250,000-$269,000
  • 16 Jul 2020
    Sold for $451,500
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About Diggers Rest 3427

The size of Diggers Rest is approximately 69.9 square kilometres. It has 8 parks covering nearly 1% of total area. The population of Diggers Rest in 2011 was 2,275 people. By 2016 the population was 2,746 showing a population growth of 20.7% in the area during that time. The predominant age group in Diggers Rest is 20-29 years. Households in Diggers Rest are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Diggers Rest work in a clerical occupation. In 2011, 79.6% of the homes in Diggers Rest were owner-occupied compared with 79.2% in 2016.

Diggers Rest has 4,591 properties. Over the last 5 years, Houses in Diggers Rest have seen a 24.78% increase in median value, while Units have seen a 8.82% increase. As at 30 September 2024:

  • The median value for Houses in Diggers Rest is $652,824 while the median value for Units is $453,732.
  • Houses have a median rent of $510 while Units have a median rent of $455.
There are currently 36 properties listed for sale, and 12 properties listed for rent in Diggers rest on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Diggers rest.

Suburb Insights for Diggers Rest 3427

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.