OFF MARKET

4/8 Simpson Street
Foster VIC 3960

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 102m2
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Property Details for 4/8 Simpson St, Foster

4/8 Simpson St, Foster is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 102m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1990
Floor Size
84m2
Land Size
102m2
Local Government
South Gippsland
Lot/Plan
4/PS410751

Last Listing description (November 2023)

This 2-bedroom unit is ideally located in a quiet part of town and surrounded by natural bushland.
Positioned at the rear of a complex of 5 units and currently returning $210 pw in rent this unit provides an opportunity to break into the property market as an investor. With the current tenant having been in place for 12 years and keen to stay on, this makes an ideal set and forget investment.
The unit offers a full-sized kitchen and open plan lounge & dining complimented by a wood heater making it extremely cosy in winter.

Walk through the laundry to a full-sized bathroom complete with shower, bath, vanity and toilet. Tile floors throughout for easy maintenance.
A small fully fenced front yard & private carport completes the property.
Separately titled to the other units and with a large peaceful common area on the property, this unit makes a great investment or chance to get onto the property ladder.
Inspections by appointment only.
Call us for a chat.

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Property History for 4/8 Simpson St, Foster, VIC 3960

A timeline of how this property has performed in the market
Last Sold
$285,000
29 Sep 2023
  • 29 Sep 2023
    Sold for $285,000
  • 18 Sep 2021
    Listed for Sale $285,000
  • 29 Jun 2001
    Sold for $33,000

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About 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 1,490 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.
There are currently 16 properties listed for sale, and 1 property listed for rent in Foster on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Foster.

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