4 Main South RoadDrouin VIC 3818
Property Details for 4 Main South Rd, Drouin
4 Main South Rd, Drouin is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 812m2. While the property is not currently for sale or for rent, it was last sold in December 2023.
Last Listing description (December 2023)
Nestled in one of Drouin's most sought-after locales, this well-built 3-bedroom, 1-bathroom home presents an exciting prospect for savvy investors and forward-thinking developers. With a generous land size of 812m2, (approx) this property holds tremendous potential making it a rare find in the market.
This property boasts an unrivalled position, just a stone's throw away from Drouin's bustling CBD. Convenience is at your doorstep, with shops, dining, and amenities mere moments away.
The existing home offers 3 bedrooms and 1 bathroom, showcasing quality craftsmanship and timeless design. The spacious layout provides comfort and functionality, making it an ideal canvas for future transformation or expansion.
Currently leased until January 2024, this property generates a steady income of $1651.00 per month, with a tenant keen to continue their lease, ensuring a seamless transition for the next owner. Whether you're an investor looking for consistent rental income or a developer with a vision, this arrangement sets the stage for a hassle-free journey.
With a substantial 812m2 at your disposal, and the possibility of development (Subject to Council Approval), this property opens the door to a world of future possibilities. Visualize your next project taking shape in this prime location, capitalizing on the burgeoning growth of the area.
Don't miss out on securing a foothold in Drouin's promising real estate landscape. This property encapsulates both immediate gains and long-term potential, making it a dual-purpose gem for investors and developers alike. Act now to make this unparalleled opportunity yours!
Property History for 4 Main South Rd, Drouin, VIC 3818
- 13 Dec 2023Sold for $550,000
- 18 Aug 2023Listed for Sale Not Disclosed
- 03 Jan 2020Listed for Rent $300 / week
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0About 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 9,291 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.
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