5/42 Mafeking St S, Kennington is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 66m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Rarely does an investment property appear on the market that requires little attention; has an ideal tenant with established lease; and provides excellent return on investment with the investment being more than affordable for any entry level or astute investor to capitalise on.
Here is this delightful 1-bedroom brick veneer property with open-plan living/kitchen/meals situated at the rear of the complex providing an extra degree of security.
Whilst largely original, the bathroom has been updated in recent years, along with the floor coverings. The spacious bedroom looks back over to the complex through a large window making it light-filled and appealing with plenty of room for a desk for the work/study-at-home situation.
A separate single carport and small grassed common area is available close by. Close to schools, shops and supermarkets, public transport and a quick commute to the Bendigo CBD - be quick as this won't last long.
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 3,369 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:
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