4 Naroon DriveKalkallo VIC 3064
Property Details for 4 Naroon Dr, Kalkallo
4 Naroon Dr, Kalkallo is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2019. The property has a land size of 375m2 and floor size of 312m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 5 bedroom House sold in Kalkallo in the last 12 months.
Last Listing description (May 2024)
In the dynamic landscape of real estate, certain properties stand out for their potential to become more than just a dwelling but rather an investment opportunity. This essay delves into the attributes and potential growth prospects of a property boasting six bedrooms, three showers, and a double garage in Kalkallo, particularly highlighting its advantageous proximity to essential amenities such as shopping centers, schools, and community centers.
Location Advantage:
Situated in Kalkallo, a suburb known for its burgeoning development and strategic location, this property offers residents convenient access to essential amenities within walking distance. Its proximity to shopping centers ensures easy access to daily necessities, while the nearby schools provide educational opportunities for families with children. Additionally, the presence of a community center fosters a sense of belonging and engagement within the neighborhood, enhancing the overall quality of life for residents.
Potential Growth:
The property's location in Kalkallo places it within an area experiencing significant growth and development, presenting ample opportunities for future appreciation in value. As urbanization continues to spread, demand for residential properties in well-connected suburbs like Kalkallo is expected to rise, driving property prices upward. Moreover, the abundance of land in the vicinity indicates the potential for further infrastructure development, which could further enhance the property's value over time.
Investment Potential:
With its six bedrooms, three showers, and double garage, this property offers versatility and functionality, appealing to a wide range of potential buyers or tenants. The spacious layout accommodates large families or individuals seeking ample living space, while the double garage provides convenient parking options. Furthermore, the property's potential for capital growth makes it an attractive investment opportunity for both homeowners and investors looking to capitalize on the evolving real estate market in Kalkallo.
Conclusion:
In conclusion, the 6-bedroom, 3-shower double garage property in Kalkallo presents a compelling investment opportunity with significant potential for growth. Its strategic location within walking distance to shopping centers, schools, and community centers, coupled with the suburb's ongoing development, positions it as a desirable asset in the dynamic real estate market. As Kalkallo continues to evolve and flourish, this property holds the promise of not only serving as a comfortable residence but also as a lucrative investment for the discerning buyer or investor.
Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 4 Naroon Dr, Kalkallo, VIC 3064
- 18 May 2024Sold for $811,000
- 22 Apr 2024Listed for Sale Auction Saturday 18th May 2024 AT 2:00PM
- 27 Jul 2023Listed for Sale Not Disclosed
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About Kalkallo 3064
The size of Kalkallo is approximately 7 square kilometres. The population of Kalkallo in 2011 was 32,756 people. By 2016 the population was 99 showing a population decline of 99.7% in the area during that time. The predominant age group in Kalkallo is 60-69 years. Households in Kalkallo are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kalkallo work in a sales workers occupation. In 2011, 78.8% of the homes in Kalkallo were owner-occupied compared with 75.7% in 2016.
Kalkallo has 5,222 properties. Over the last 5 years, Houses in Kalkallo have seen a 24.93% increase in median value, while Units have seen a 15.64% increase. As at 31 October 2024:
- The median value for Houses in Kalkallo is $692,332 while the median value for Units is $497,077.
- Houses have a median rent of $500 while Units have a median rent of $455.
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