186 Commercial StreetMerbein VIC 3505
Property Details for 186 Commercial St, Merbein
186 Commercial St, Merbein is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 1015m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (August 2024)
For Sale by Openn Offers - Final Offer Stage Thursday September 7th @5.30PM (If not sold prior)
ITS ADDRESSED
Step into the world of potential and possibilities with this charming 3-bedroom, 1-bathroom home in the heart of Merbein. Boasting a tenant, this property offers a unique opportunity for both astute investors and homebuyers looking to make their mark. With a current tenant in place, you can immediately start reaping the rewards of this promising investment.
Key Highlights:
Investor's Delight:
For savvy investors, this property is a hidden gem. With a tenant already in residence, you can enjoy immediate rental income while exploring its long-term potential. Maximize your returns and grow your investment portfolio with this excellent opportunity.
Spacious Block of Land:
Nestled on a generous 1015m2 approx. block of land with rear lane access, this property presents exciting possibilities. Whether you choose to retain it as a rental or explore development options, the ample space provides endless potential.
Comfort and Convenience:
The home features a reverse cycle split system, ensuring comfort for both the tenant and future homeowners. With a well-designed layout and a versatile floor plan, this property offers a multitude of options for creating your dream living space.
Embrace the Future:
The current tenant opens up the opportunity for you to secure a property with potential while considering your next steps. Whether you plan to move in later, renovate, or continue as an investment, this home provides the flexibility you need.
Convenient Location:
Enjoy the convenience of living in close proximity to the Merbein P10 school, shops, and essential amenities. Embrace a lifestyle that combines comfort and accessibility in this vibrant Merbein community.
Seize the Opportunity:
This property is a canvas for you to paint your future. Take advantage of the existing tenancy and explore the possibilities that await you. Whether you're an investor or a homebuyer, now is the time to make your move and secure your place in this sought-after location.
Act Now:
Don't miss out on this rare opportunity to own a property with both an existing tenant and the potential to shape it to your vision. Arrange a viewing today and unlock the possibilities that await you in this hidden gem. Contact us now to take the first step toward embracing your future in Merbein.
For more Real Estate in Merbein contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Property History for 186 Commercial St, Merbein, VIC 3505
- 31 Aug 2023Sold for $260,000
- 28 Jul 2023Listed for Sale Not Disclosed
- 01 Nov 2012Listed for Rent - Price not available
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0About Merbein 3505
The size of Merbein is approximately 34.5 square kilometres. It has 7 parks covering nearly 7.1% of total area. The population of Merbein in 2011 was 2,671 people. By 2016 the population was 2,699 showing a population growth of 1.0% in the area during that time. The predominant age group in Merbein is 50-59 years. Households in Merbein are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein work in a trades occupation. In 2011, 73.2% of the homes in Merbein were owner-occupied compared with 71.5% in 2016.
Merbein has 1,584 properties. Over the last 5 years, Houses in Merbein have seen a 70.94% increase in median value, while Units have seen a 47.28% increase. As at 31 October 2024:
- The median value for Houses in Merbein is $330,388 while the median value for Units is $273,545.
- Houses have a median rent of $350 while Units have a median rent of $195.
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