1/140 Waterloo RoadMoe VIC 3825
Property Details for 1/140 Waterloo Rd, Moe
1/140 Waterloo Rd, Moe is a 4 bedroom, 3 bathroom Unit and was built in 2000. The property has a land size of 693m2 and floor size of 86m2.
Last Listing description (November 2024)
Rarely the opportunity arises to purchase a block of 3 Units on the one title, no body corporate fees, no negotiating with other owners, it is yours to do with as you please.
These units have an excellent rental history with sound returns. Collectively the rent is $765 per week, giving a gross return of $39,780pa ($3315pcm) that should be enough to cover the mortgage and most of the outgoings.
Unit 1: A spacious two bedroom unit with two good size living areas, tasteful d?cor throughout, returning $275pw
Unit 2 & 3: Are one bedroom units with open plan living areas that include a modern kitchen and living space, bathroom & laundry combined. Unit 2 currently returning $240pw and Unit 3 returning $250pw.
Each unit has a car parking space at the front of the unit and a combined rear yard for the enjoyment of all of the tenants.
These units are a set and forget investment, with the upside being if one tenant vacates you will still have an income stream from the other 2 units whilst awaiting a new tenant.
Property Code: 2066
Property History for 1/140 Waterloo Rd, Moe, VIC 3825
- 30 Oct 2024Listed for Sale $525,000
- 03 Jan 2024Listed for Rent $275 / week
- 29 Nov 2023Listed for Rent $275 / week
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0About Moe 3825
The size of Moe is approximately 18.2 square kilometres. It has 28 parks covering nearly 7.1% of total area. The population of Moe in 2011 was 8,750 people. By 2016 the population was 8,792 showing a population growth of 0.5% in the area during that time. The predominant age group in Moe is 60-69 years. Households in Moe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moe work in a trades occupation. In 2011, 61.2% of the homes in Moe were owner-occupied compared with 61.3% in 2016.
Moe has 6,441 properties. Over the last 5 years, Houses in Moe have seen a 66.04% increase in median value, while Units have seen a 57.44% increase. As at 31 October 2024:
- The median value for Houses in Moe is $347,988 while the median value for Units is $275,897.
- Houses have a median rent of $380 while Units have a median rent of $280.
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