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Sold on 28 Aug 2024 for $575,000

205 Princes Way
Drouin VIC 3818

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 974m2
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Property Details for 205 Princes Way, Drouin

205 Princes Way, Drouin is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 974m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Drouin in the last 12 months.

Building Type
House
Land Size
974m2

Last Listing description (August 2024)

Don't miss this opportunity to invest in the booming town of Drouin. This brick veneer 3 bedroom home sits on a 974m2 block(approx.) and is within easy walking distance of the CBD. This large block has the potential to be subdivided (STCA) with the house being situated ideally to allow for this. The property features a bitumen driveway that leads to the double garage and workshop. The home also features a sunroom at the rear that can be utilized as a study or fourth bedroom. Easy access to the M1 freeway and only 90 kms to the Melbourne CBD. Currently tenanted until May 2025 so get the due diligence done whilst getting a solid return.

Property History for 205 Princes Way, Drouin, VIC 3818

A timeline of how this property has performed in the market
Last Sold
$575,000
28 Aug 2024
Listed for Rent
$390/w
16 May 2023
  • 13 Aug 2024
    Sold for $575,000
  • 12 Jul 2024
    Listed for Sale $580,000 - $620,000
  • 18 Apr 2023
    Listed for Rent $390 / week
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About Drouin 3818

The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4% of total area. The population of Drouin in 2011 was 9,685 people. By 2016 the population was 12,348 showing a population growth of 27.5% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation. In 2011, 72.9% of the homes in Drouin were owner-occupied compared with 71.7% in 2016.

Drouin has 9,288 properties. Over the last 5 years, Houses in Drouin have seen a 39.87% increase in median value, while Units have seen a 33.80% increase. As at 30 November 2024:

  • The median value for Houses in Drouin is $645,849 while the median value for Units is $417,020.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 167 properties listed for sale, and 23 properties listed for rent in Drouin on OnTheHouse. According to CoreLogic's data, 482 properties were sold in the past 12 months in Drouin.

Suburb Insights for Drouin 3818

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Mark Woods
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Harcourts Warragul
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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.