SOLD
Sold on 05 Jul 2024 for $350,000

109A Johnson Street
Maffra VIC 3860

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 167m2
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Property Details for 109a Johnson St, Maffra

Building Type
Commercial
Land Size
167m2
Local Government
Wellington
Lot/Plan
3/LP96413

Last Listing description (August 2021)

* Freehold only
* Prominent main street location close to major supermarket
* 96m2 retail area (approx.)

* Toilet & kitchen facilities
* Rear access to property
* Property in excellent condition
* Current 3 year lease commenced 1st March 2019
* Annual rent $16,693-56 inc GST plus all outgoings paid by tenant
* Excellent return for astute investor

Property History for 109a Johnson St, Maffra, VIC 3860

A timeline of how this property has performed in the market
Last Sold
$350,000
05 Jul 2024
  • 05 Jul 2024
    Sold for $350,000
  • 12 Aug 2021
    Sold for $280,000
  • 28 May 2021
    Listed for Sale $295,000
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About Maffra 3860

The size of Maffra is approximately 82.4 square kilometres. It has 17 parks covering nearly 1.9% of total area. The population of Maffra in 2011 was 5,113 people. By 2016 the population was 5,264 showing a population growth of 3.0% in the area during that time. The predominant age group in Maffra is 50-59 years. Households in Maffra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maffra work in a trades occupation. In 2011, 72.7% of the homes in Maffra were owner-occupied compared with 72.8% in 2016.

Maffra has 3,051 properties. Over the last 5 years, Houses in Maffra have seen a 64.46% increase in median value, while Units have seen a 50.12% increase. As at 31 October 2024:

  • The median value for Houses in Maffra is $420,269 while the median value for Units is $316,391.
  • Houses have a median rent of $420 while Units have a median rent of $343.
There are currently 6 properties listed for sale, and 1 property listed for rent in Maffra on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Maffra.

Suburb Insights for Maffra 3860

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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.