22 Bank StreetKangaroo Flat VIC 3555
Property Details for 22 Bank St, Kangaroo Flat
22 Bank St, Kangaroo Flat is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 579m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are 391 other 3 bedroom Houses sold in Kangaroo Flat in the last 12 months.
Last Listing description (May 2024)
This property presents a unique opportunity for buyers looking for a dual income or dual living arrangement. The main residence offers a spacious three-bedroom home with a light-filled lounge featuring timber flooring and large windows that provide a beautiful view of the street. The outdoor balcony area is perfect for enjoying the scenery and relaxing. On the same level as the lounge, you'll find the well-equipped kitchen, dining area and laundry. Upstairs, there are three generously sized bedrooms, each with built-in robes, as well as a bathroom.
In addition to the main residence, the property includes a separate one-bedroom unit with its own individually metered utilities. This unit has a bedroom with an adjoining ensuite, complete with a shower and basin. The living space features an all-electric kitchen, and there is a separate laundry for additional storage. The unit also offers a compact courtyard, measuring 6m x 5m, which includes a garden shed and an undercover area for a clothesline. This private space is an ideal spot for residents to enjoy some fresh air and cultivate a small garden.
From an investment perspective, this property has great potential. The rental income for both the main residence and the unit is appraised at $430 and $260 per week respectively so combined value is $690 per week, offering a solid return of over 6.5%.
Conveniently located within walking distance to the High Street shops, Homemaker Centre and train station in Kangaroo Flat, as well as being less than a kilometre away from Lansell Square Shopping Centre and Bunnings, this property is in a highly desirable location. Whether you're looking for a dual income opportunity, a separate living space for extended family or an investment with promising returns, 22 & 22A Bank Street is a rare find.
Property History for 22 Bank St, Kangaroo Flat, VIC 3555
- 14 Mar 2024Sold for $558,000
- 22 Dec 2023Listed for Sale $500,000 - $550,000
- 21 Aug 2023Listed for Rent $250 / week
About Kangaroo Flat 3555
The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2011 was 9,492 people. By 2016 the population was 10,405 showing a population growth of 9.6% in the area during that time. The predominant age group in Kangaroo Flat is 20-29 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation. In 2011, 67.3% of the homes in Kangaroo Flat were owner-occupied compared with 67.4% in 2016.
Kangaroo Flat has 6,234 properties.
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