SOLD
RECENT ADVICE
Sold on 27 Nov 2024 for $488,000

5 Alder Street
Kangaroo Flat VIC 3555

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 131m2
Land area: 581m2
Sold By
Tweed Sutherland First National
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Property Details for 5 Alder St, Kangaroo Flat

5 Alder St, Kangaroo Flat is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 581m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom House sold in Kangaroo Flat in the last 12 months.

Building Type
House
Year Built
1955
Floor Size
131m2
Land Size
581m2
Local Government
Greater Bendigo
Lot/Plan
2/LP22270

Last Listing description (December 2024)

What an opportunity ? you couldn?t ask for more.

Rent both properties with an anticipated income of approx. $615 per week, the return is fantastic and share in the future capital growth of the Bendigo real estate market. Currently achieving $555.00 per week for both.

Consisting of a lovely 2 bedroom brick veneer home, plus an additional separate 1 bedroom self contained brick veneer unit, on one title but with separate access to each residence.

The occupants of both can live separately.

Perfect for the scenario where parents and children can assist each other and still have their own private residences.

Use both properties for owner occupation or live in one and rent the other out.

Located on a corner allotment this is the perfect scenario, having front accesses off separate streets.

Privacy for all occupants is the key to these properties.

The house comprises two large bedrooms, a separate lounge, kitchen with adjoining dining room. Bathroom with shower and bath, laundry and separate toilet ensures comfortable living. The dining room could be used as a 3rd bedroom to maximise space and flexibility of the floor plan of the house.

The rear yard and single lock up garage are currently used solely for the house occupants, allowing a private space for entertaining or a place for enjoying the lovely sunshine. If owner occupying both properties, the rear yard could be used for everyone to enjoy and gather for gamily functions.

The unit offers a newly renovated bathroom and laundry, large kitchen which overlooks the lounge room and a large bedroom with built in robes.
Covered carparking for 1 vehicle.

Close to bus stops, Kangaroo Flat shopping precinct, walking & bike tracks and Gurri Wanyarra Wellbeing Centre.

Contact Andrew Pearce on 0419 544 251 for an inspection.

Property History for 5 Alder St, Kangaroo Flat, VIC 3555

A timeline of how this property has performed in the market
Last Sold
$488,000
27 Nov 2024
Listed for Rent
$270/w
05 Feb 2020
  • 27 Nov 2024
    Sold for $488,000
  • 17 Sep 2024
    Listed for Sale $499,000
  • 16 Jan 2020
    Listed for Rent $270 / week
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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 6,222 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 53.39% increase in median value, while Units have seen a 50.79% increase. As at 30 November 2024:

  • The median value for Houses in Kangaroo Flat is $520,179 while the median value for Units is $365,292.
  • Houses have a median rent of $460 while Units have a median rent of $400.
There are currently 50 properties listed for sale, and 7 properties listed for rent in Kangaroo flat on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Kangaroo flat.

Suburb Insights for Kangaroo Flat 3555

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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.