OFF MARKET

3/5-7 High Street
Kyneton VIC 3444

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 125m2
Land area: 832m2
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Property Details for 3/5-7 High St, Kyneton

3/5-7 High St, Kyneton is a 3 bedroom, 1 bathroom Unit and was built in 1880. The property has a land size of 832m2 and floor size of 125m2.

Building Type
Unit
Year Built
1880
Floor Size
125m2
Land Size
832m2
Local Government
Macedon Ranges

Last Listing description (March 2015)

POTENTIAL YIELD ABOVE 7%
This prominent 1880?s building is situated close to the busiest corner in the very popular Kyneton.
The property consists of 3 retail shops currently earning nearly $4,000pcm with the potential for further rental income of $1,200-1,300pcm with the 2/3 bedroom unit upstairs giving it a yield oin excess of 7%.

The building has high ceilings, stylish and sought after original polished wood floors and is right in the heart of retail Kyneton, with ample parking and an easy walk to all the amenities on offer.
This is a great location, great building and a solid return.

Property History for 3/5-7 High St, Kyneton, VIC 3444

A timeline of how this property has performed in the market
  • 28 Feb 2015
    Listed for Sale $900,000
  • 01 Apr 2014
    Listed for Sale $865,000 + GST

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About Kyneton 3444

The size of Kyneton is approximately 97.9 square kilometres. It has 13 parks covering nearly 1.6% of total area. The population of Kyneton in 2011 was 6,628 people. By 2016 the population was 6,964 showing a population growth of 5.1% in the area during that time. The predominant age group in Kyneton is 40-49 years. Households in Kyneton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kyneton work in a professional occupation. In 2011, 74.7% of the homes in Kyneton were owner-occupied compared with 74.8% in 2016.

Kyneton has 4,708 properties. Over the last 5 years, Houses in Kyneton have seen a 38.47% increase in median value, while Units have seen a 30.07% increase. As at 31 October 2024:

  • The median value for Houses in Kyneton is $870,801 while the median value for Units is $531,561.
  • Houses have a median rent of $565 while Units have a median rent of $433.
There are currently 97 properties listed for sale, and 9 properties listed for rent in Kyneton on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Kyneton.

Suburb Insights for Kyneton 3444

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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.