68 Burdoo DriveGrovedale VIC 3216
Property Details for 68 Burdoo Dr, Grovedale
68 Burdoo Dr, Grovedale is a 3 bedroom, 1 bathroom House with 8 parking spaces. The property has a land size of 747m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (November 2022)
Do the math - these returns are massive!
Investing your money does not get any more secure than this high yield, fixed long term lease on a high profile corner with future residential development potential.
With 14 years to run on a 20 year lease, the return currently sits at $43,098 as of 2021 with a fixed increase of 3.3% per annum ensuring your income well into the future.
The shop front has been long standing as a milk bar, with cool room, storage room/office and bathroom with adjoining residence.
The adjoining home has 3 bedrooms, bathroom, laundry and open plan kitchen / living.
Located in central Grovedale on a high profile corner residential allotment of 711m2 approx., the future capital growth and capital improvement potential is the cherry on top of this already high yield investment.
Call Dion Plumb on 0424 940 629 for more information.
Property History for 68 Burdoo Dr, Grovedale, VIC 3216
- 01 Jul 2021Sold for $768,000
- 12 Mar 2021Listed for Sale $768,000
- 03 Dec 1995Sold for $200,000
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0About 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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