16 Wood RoadFoster VIC 3960
Property Details for 16 Wood Rd, Foster
16 Wood Rd, Foster is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 853m2 and floor size of 187m2. While the property is not currently for sale or for rent, it was last sold in April 2018.
Last Listing description (October 2024)
Purchase this property and your getting two for the price of one, as it is currently configured as two separate 2 bed homes on one title.
With the added bonus of currently being tenanted by a corporate tenant making it an ideal set and forget investment.
The first home at the front of the property has 2 bedrooms, a large open plan lounge with raked ceilings, kitchen with ample bench space and cupboards, separate dining area, a 2nd lounge, recently updated bathroom with shower, vanity and a separate toilet.
A large rear deck overlooking the town and Hoddle ranges with an internal laundry off the deck.
The second home at the rear of the property is only a few years old and has two bedrooms with BIR,s a central open plan lounge, kitchen and dining area and a bathroom with shower, vanity and toilet. This makes an ideal teenager space or parents on site dwelling if you were to occupy the home in the future. At the centre of the property is a 2 car carport, with the 2nd home having it own attached carport.
There is space to add additional off street parking at the front of the main home.
The current tenant is in place until mid April 2025 and keen to stay on making this an ideal investment to add to the portfolio.
Or purchase and occupy yourself once the current lease ends and have the ability to use the two dwellings as you please.
Contact our office to arrange a private inspection.
Inspections must be pre booked with appropriate notice provided to the tenant.
Property History for 16 Wood Rd, Foster, VIC 3960
- 19 Sep 2024Listed for Sale $535,000
- 26 Jul 2023Listed for Rent $430 / week
- 17 Jun 2019Listed for Rent $1,050 / week
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0About Foster 3960
The size of Foster is approximately 116.3 square kilometres. It has 7 parks covering nearly 1.3% of total area. The population of Foster in 2011 was 1,678 people. By 2016 the population was 1,868 showing a population growth of 11.3% in the area during that time. The predominant age group in Foster is 60-69 years. Households in Foster are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Foster work in a managers occupation. In 2011, 74.1% of the homes in Foster were owner-occupied compared with 73.1% in 2016.
Foster has 1,491 properties. Over the last 5 years, Houses in Foster have seen a 55.92% increase in median value, while Units have seen a 59.44% increase. As at 31 October 2024:
- The median value for Houses in Foster is $524,073 while the median value for Units is $422,958.
- Houses have a median rent of $395 while Units have a median rent of $323.
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