OFF MARKET

89 Fogarty Avenue
Highton VIC 3216

Bedrooms: 7
Bathrooms: 2
Car spaces: 2
Floor area: 246m2
Land area: 684m2
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Property Details for 89 Fogarty Ave, Highton

89 Fogarty Ave, Highton is a 7 bedroom, 2 bathroom House with 2 parking spaces and was built in 2006. The property has a land size of 684m2 and floor size of 246m2. While the property is not currently for sale or for rent, it was last sold in March 2016.

Building Type
House
Year Built
2006
Floor Size
246m2
Land Size
684m2
Local Government
Greater Geelong
Lot/Plan
253/PS527422

Last Listing description (June 2021)

This house is registered as a student accommodation / rooming house, the licence can be updated if the new owner prefers. Currently leases in place and receiving an immediate income.

This is a good opportunity for savvy investors to take advantage of the current low interest rate of bank loans and get a passive income. It's a truly positive cash flow investment property.


For a full time student or a smart young person, it's easier for you to own this property than to rent it! You can live in this house essentially rent free and the rent from other tenants will pay off your mortgage. You will also acquire extra income from the property. Why rent when you can own it! If you are ambitious, please contact me. One decision now could make your live much better than your Uni mates in the future. After a few years when you graduate, your Uni mates might have thousands of debt but you most likely will have thousands of cash or equity in your hands !

This large structurally sound property is located walking distance to Deakin University and Epworth Hospital. The location offers a quick access to Princes Highway and a 5 minute drive to shopping locations and public facilities. Including Waurn Ponds Shopping Centre, Bunnings Warehouse, supermarkets( Coles, Woolworth and Aldi), library, gyms and aquatic center.

Features:
- Land size of 684m2
- 7 bedrooms including a master bedroom with ensuite and walk in closet
- New solar power system for further energy savings.
- Large backyard with potential to add more value to this property
- A central bathroom with 2 separate toilets, 1 separate laundry room
- Open plan kitchen with electrical oven, gas cooktops, rangehood and stainless steel dishwasher complimented by spacious bench and cabinets.
- Large living and dining areas
- Undercover outdoor entertaining area.
- Ducted heating
- Evaporative cooling
- Large remote lock-up garage with double space parking, would suit reconfiguration for extra living space
- Gas heater to supply hot water
- Shed for garden tools
- Water tank
- Lovely, safe, quiet and friendly street in a good neighbourhood
- Fully furnished for tenants
- Fully fenced

Priced to sell. Don't miss out on this opportunity, as properties with this type of return and quality are rarely available on the market.

Inspection will be arranged for suitable buyers only. Please do not visit the property without per-arrangement. Some photos might not be current and it's for display only.

The Phone Code for this property is: 65256. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 89 Fogarty Ave, Highton, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$630,000
17 Mar 2016
  • 12 May 2020
    Listed for Sale $799,000
  • 10 Feb 2020
    Listed for Sale Offers Over $790,000
  • 17 Mar 2016
    Sold for $630,000
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About Highton 3216

The size of Highton is approximately 11.6 square kilometres. It has 49 parks covering nearly 11.9% of total area. The population of Highton in 2011 was 16,656 people. By 2016 the population was 18,948 showing a population growth of 13.8% in the area during that time. The predominant age group in Highton is 40-49 years. Households in Highton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highton work in a professional occupation. In 2011, 77.7% of the homes in Highton were owner-occupied compared with 75.6% in 2016.

Highton has 9,831 properties. Over the last 5 years, Houses in Highton have seen a 32.39% increase in median value, while Units have seen a 15.24% increase. As at 30 November 2024:

  • The median value for Houses in Highton is $953,852 while the median value for Units is $477,512.
  • Houses have a median rent of $550 while Units have a median rent of $420.
There are currently 48 properties listed for sale, and 25 properties listed for rent in Highton on OnTheHouse. According to CoreLogic's data, 369 properties were sold in the past 12 months in Highton.

Suburb Insights for Highton 3216

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.