1 Yallambee DriveKennington VIC 3550
Property Details for 1 Yallambee Dr, Kennington
1 Yallambee Dr, Kennington is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1041m2 and floor size of 287m2. While the property is not currently for sale or for rent, it was last sold in July 2004.
Last Listing description (December 2018)
On offer for astute investors is 5 x 2 bedroom, 1 bathroom units in an excellent location.
Located in Kennington, this 1,239sqm block of units is only a short walk to Strath Village Shopping Centre and a 5-minute drive from Bendigo CBD and La Trobe University.
Students could actually walk to classes if they wanted to.
Being sold as a whole, each unit is on its own separate title, there is no active body corporate either.
All units are currently leased and bring in an income of approximately $68,000 p.a.
That's an excellent return of over 6%!
Maintained very well by the current owner;
- Each unit has been painted recently
- Some have new carpet
- Some have new vanity's in their bathrooms
- Hot water units are new
Other features include;
- Each of the 2 bedrooms has built in robes
- Gas cooking
- Gas heating and split system cooling
- Each unit has its own single carport
- Each unit has its own private court yard at the rear
A section 32 is available and private inspections can be arranged.
Enquire now to secure an outstanding investment opportunity before it's too late.
Property History for 1 Yallambee Dr, Kennington, VIC 3550
- 24 Feb 2017Listed for Sale $950,000 - $1,050,000
- 05 Jul 2004Sold for $540,000
- 01 Feb 2000Sold for $71,000
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About Kennington 3550
The size of Kennington is approximately 4 square kilometres. It has 9 parks covering nearly 16.2% of total area. The population of Kennington in 2011 was 5,830 people. By 2016 the population was 5,649 showing a population decline of 3.1% in the area during that time. The predominant age group in Kennington is 20-29 years. Households in Kennington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kennington work in a professional occupation. In 2011, 60.8% of the homes in Kennington were owner-occupied compared with 59.2% in 2016.
Kennington has 3,367 properties. Over the last 5 years, Houses in Kennington have seen a 41.95% increase in median value, while Units have seen a 52.71% increase. As at 31 October 2024:
- The median value for Houses in Kennington is $590,475 while the median value for Units is $382,128.
- Houses have a median rent of $450 while Units have a median rent of $400.
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