SOLD
Sold on 13 May 2024 for $475,000

8 Wade Street
Drouin VIC 3818

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 111m2
Land area: 854m2
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Williamsons Real Estate
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Property Details for 8 Wade St, Drouin

8 Wade St, Drouin is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 854m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in Drouin in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
111m2
Land Size
854m2
Local Government
Baw Baw
Lot/Plan
28/LP204078

Last Listing description (June 2024)

This two bedroom weatherboard home on a large 854m2 block presents the best investment opportunity in Drouin.
With planning permit application already lodged for a simple two-part subdivision, you have even greater options to make the most of your investment.

One option could be to continue on with the subdivision and sell the backyard off. Fund the renovation on the existing residence and flip it too.

Another option could be build a residence of your choice on the rear block while you live in the old one. Then sell or rent out the old residence when you move in the new one.

Or, don't do anything and keep your options open. Just enjoy the large spacious rear yard and improve the existing residence to your liking in your own time.

The existing home has all the essentials with timber hardwood floorboards, concrete stumps, built-in robes, electric cooking, gas hot water, central heating and a split-system air-conditioner. Needs a good update to modern standards.

Call Tom 0400 925 226 to arrange your private inspection

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Property History for 8 Wade St, Drouin, VIC 3818

A timeline of how this property has performed in the market
Last Sold
$475,000
13 May 2024
  • 13 May 2024
    Listed for Sale Not Disclosed
  • 13 May 2024
    Sold for $475,000
  • 02 Apr 2003
    Sold for $41,000
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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 9,260 properties. Over the last 5 years, Houses in Drouin have seen a 47.14% increase in median value, while Units have seen a 33.29% increase. As at 30 September 2024:

  • The median value for Houses in Drouin is $655,632 while the median value for Units is $424,561.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 162 properties listed for sale, and 13 properties listed for rent in Drouin on OnTheHouse. According to CoreLogic's data, 463 properties were sold in the past 12 months in Drouin.

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