11 Lancewood AvenueHeidelberg West VIC 3081
Property Details for 11 Lancewood Ave, Heidelberg West
11 Lancewood Ave, Heidelberg West is a 3 bedroom, 0 bathroom House. The property has a land size of 591m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 3 bedroom House sold in Heidelberg West in the last 12 months.
Last Listing description (November 2023)
Aston Commercial are pleased to offer 11 Lancewood Avenue, Heidelberg West For Sale by Expressions of Interest closing on Wednesday 1st November at 3pm.
Key property attributes include:
Securely leased to registered NDIS provider
Three (3) year lease - commenced April 2023
One (1) further term of three (3) years
4% annual increases
Nine (9) fully self-contained rooms with high quality amenities
Total land area of 591 sqm*
Excellent depreciation benefits
Low-maintenance, high-yielding investment opportunity
Brand new, purpose built rooming house facility
This rare, brand-new rooming house comprises 9 fully self-contained bedrooms and benefits from a secure lease to a nationally registered NDIS provider.
Rooming house investments present one of the most in-demand and sought after assets in the market and are due to be strengthened by the lack of available residential accommodation that offers immediate proximity to the CBD.
Contact the agents from Aston Commercial to discuss this opportunity further.
Property History for 11 Lancewood Ave, Heidelberg West, VIC 3081
- 28 Oct 2023Sold for $1,880,000
- 03 Oct 2023Listed for Sale Contact Agent
- 28 Feb 2023Listed for Rent - Price not available
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About Heidelberg West 3081
The size of Heidelberg West is approximately 3.2 square kilometres. It has 9 parks covering nearly 14.1% of total area. The population of Heidelberg West in 2011 was 5,327 people. By 2016 the population was 5,561 showing a population growth of 4.4% in the area during that time. The predominant age group in Heidelberg West is 20-29 years. Households in Heidelberg West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg West work in a professional occupation. In 2011, 38.5% of the homes in Heidelberg West were owner-occupied compared with 37.9% in 2016.
Heidelberg West has 4,085 properties.
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