3-7 Pioneer RoadGrovedale VIC 3216
Property Details for 3-7 Pioneer Rd, Grovedale
3-7 Pioneer Rd, Grovedale is a 2 bedroom, bathroom House. The property has a land size of 1697m2. While the property is not currently for sale or for rent, it was last sold in September 1984.
Last Listing description (October 2017)
This neat and tidy cluster of units has enjoyed 98% occupancy rate, strong rental demand and consistent rent increases over the last 10 years. Combine this with a low maintenance design and popular location and you have the ideal portfolio investment. - 2 x 2 bedroom, 1 bathroom units - 1 x 1 bedroom, 1 bathroom - Single level open plan design - Low maintenance design - Each with SLUG and private court yard - All 3 units are being sold as 1 purchase - Total rental income of $38,500 pa - All dwellings have separate titles - Buy now and hold long term or sell off individually
Property History for 3-7 Pioneer Rd, Grovedale, VIC 3216
- 10 Oct 2017Listed for Sale AUCTION
- 10 Sep 1984Sold for $35,000
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About Grovedale 3216
The size of Grovedale is approximately 7 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2011 was 14,153 people. By 2016 the population was 14,314 showing a population growth of 1.1% in the area during that time. The predominant age group in Grovedale is 20-29 years. Households in Grovedale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation. In 2011, 74.1% of the homes in Grovedale were owner-occupied compared with 70.5% in 2016.
Grovedale has 7,496 properties. Over the last 5 years, Houses in Grovedale have seen a 30.71% increase in median value, while Units have seen a 20.23% increase. As at 31 December 2024:
- The median value for Houses in Grovedale is $703,384 while the median value for Units is $450,952.
- Houses have a median rent of $510 while Units have a median rent of $430.
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