SOLD
Sold on 17 Mar 2024 for $1,350,000

502 Waterdale Road
Heidelberg Heights VIC 3081

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 800m2
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Oberoi Homes
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Property Details for 502 Waterdale Rd, Heidelberg Heights

Building Type
Unknown
Land Size
800m2
Local Government
Banyule
Lot/Plan
3/LP40231

Last Listing description (May 2024)

Finding a property like this is like discovering a rare gem in the real estate world. If you're looking for an investment that's not just ordinary but really stands out, grabs attention, and guarantees good returns, don't miss out on this opportunity!

Smart investors who recognize the value of unique properties will instantly see why this one is a step above the rest. Tailored for savvy investors attuned to unique opportunities, its value becomes immediately apparent. Nestled on an expansive 800 square metres (approx.) just under 11 kilometres from the vibrant Melbourne CBD, this place distinguishes itself in one of the area's most sought-after family-centric pockets.

Boasting a substantial annual rental income of approximately $83,000(inc gst), this investment guarantees a dependable and lucrative return. Adding a layer of assurance is a secure lease agreement with a highly respected childcare facility, enhancing the overall appeal and fortifying the long-term stability of this exceptional opportunity.

As you step inside, you'll notice that the single-level layout has been carefully crafted to suit its current purpose. There are various rooms, a central kitchen, an office, and well-maintained bathrooms. Additionally, the property offers convenient parking with seven spaces at the front and easy access through the driveway. It's designed for practicality and functionality, ensuring a seamless experience for its occupants.

Take advantage of this exclusive opportunity - invest in a property that promises financial gains and offers a prime location with a perfect blend of family-friendly amenities.

DISCLAIMERS:
Every precaution has been taken to establish the accuracy of the above information.
All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
***The photos are for illustration purposes only***

***Photo I.D required at all open for inspections***

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Property History for 502 Waterdale Rd, Heidelberg Heights, VIC 3081

A timeline of how this property has performed in the market
Last Sold
$1,350,000
17 Mar 2024
  • 17 Mar 2024
    Sold for $1,350,000
  • 15 Feb 2024
    Listed for Sale $1,250,000 - $1,350,000
  • 20 Nov 2015
    Transferred
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About Heidelberg Heights 3081

The size of Heidelberg Heights is approximately 2.1 square kilometres. It has 3 parks covering nearly 3.5% of total area. The population of Heidelberg Heights in 2011 was 6,387 people. By 2016 the population was 6,083 showing a population decline of 4.8% in the area during that time. The predominant age group in Heidelberg Heights is 30-39 years. Households in Heidelberg Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg Heights work in a professional occupation. In 2011, 56.9% of the homes in Heidelberg Heights were owner-occupied compared with 57.2% in 2016.

Heidelberg Heights has 4,089 properties. Over the last 5 years, Houses in Heidelberg Heights have seen a 17.24% increase in median value, while Units have seen a 20.14% increase. As at 31 October 2024:

  • The median value for Houses in Heidelberg Heights is $929,328 while the median value for Units is $702,394.
  • Houses have a median rent of $590 while Units have a median rent of $550.
There are currently 17 properties listed for sale, and 3 properties listed for rent in Heidelberg heights on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Heidelberg heights.

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