2/6A Victoria StreetIronbark VIC 3550
Property Details for 2/6a Victoria St, Ironbark
2/6a Victoria St, Ironbark is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1989. The property has a land size of 209m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in July 2019.
Last Listing description (July 2019)
Rarely do such perfect investment opportunities become available and they most certainly do not remain so for long so you should act quickly if this looks like something you have been waiting for. These units will ticks all of the boxes especially at this new price!
We have available a pair of clean modern two bedroom units, there are only two on the lot, both are currently let to excellent tenants who wish to stay on and between them they are returning an outstanding rental yield of 5.66%.
Each unit comprises two good sized bedrooms with built-in-robes, a central 3 piece bathroom, separate toilet, separate laundry, and an open plan kitchen living area. They both have new reverse cycle split systems and gas stoves, unit one has a new range-hood and unit two has new curtains. For cost saving options gas wall furnaces are installed. They both have dark textured carpet which is very forgiving and appealing, and a generally clean modern feel.
Unit one has been let to the same gentleman in excess of 5 years and unit two has recently been let with a years lease in place. Both tenants are taking good care of the properties and would like to stay on for the long term. The current return is $490 per week combined.
5.66% Rental Yield is based upon a potential sale price of $450,000.
You are invited to attend an open or contact the friendly agent to discuss these excellent units.
Property History for 2/6a Victoria St, Ironbark, VIC 3550
- 25 Jul 2019Sold for $454,999
- 30 May 2019Listed for Sale Selling Now: $450,000 - $475,000
- 19 Oct 2018Listed for Rent - Price not available
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0About Ironbark 3550
The size of Ironbark is approximately 0.9 square kilometres. It has 2 parks covering nearly 12% of total area. The population of Ironbark in 2011 was 1,080 people. By 2016 the population was 1,084 showing a population growth of 0.4% in the area during that time. The predominant age group in Ironbark is 20-29 years. Households in Ironbark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ironbark work in a professional occupation. In 2011, 59% of the homes in Ironbark were owner-occupied compared with 57.2% in 2016.
Ironbark has 721 properties. Over the last 5 years, Houses in Ironbark have seen a 49.03% increase in median value, while Units have seen a 78.98% increase. As at 31 August 2024:
- The median value for Houses in Ironbark is $542,873 while the median value for Units is $435,233.
- Houses have a median rent of $425 while Units have a median rent of $380.
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