OFF MARKET

2/2 Don Bosco Drive
Narre Warren VIC 3805

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 5263m2
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Property Details for 2/2 Don Bosco Dr, Narre Warren

2/2 Don Bosco Dr, Narre Warren is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 5263m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last transferred in June 2014.

Building Type
Unit
Year Built
2000
Floor Size
70m2
Land Size
5263m2
Local Government
Casey
Lot/Plan
2/PS419371

Last Listing description (April 2019)

RETURNING 6.46% NET
Tenant pays Council & Water & OC Admin levies.
Large two bedroom apartment featuring 2 bathrooms, (with full ensuite to main) family and meals areas and outdoor entertainers terrace.

Carpark on title, the property also boasts an communal inground pool, gazebo and bbq area.
With refurbishment now complete it offers a sound investment.
Just completed refurbishment consisting of:
New kitchen cabinetry & appliances,
New stone overlay benchtops
New vanity, tapware and mirror to bathroom
New carpet and paint
***PLEASE NOTE- NO FURTHER UPGRADES FOR 10 YEARS***
Current Rent: $446 per week ($23,199 per annum)
Next Rent Increase: July 2019
Current Return: 6.46% Gross / Net 6.46%
Council Rates: PAID BY QUEST
Water Rates: PAID BY QUEST
Body Corporate Administration fee: PAID BY QUEST
Body Corporate Sinking fund :
**Owners have elected no contributions to the sinking fund contributions until Sept 2019, at which time the budget will be reassessed.**
Rent increases as follows:
July 2019- $24,126- 6.71% Gross/ Net
Lease Terms: Lease to 16/07/2020 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Quest Narre Warren is located within the region s business & commercial hub, with both Westfield Fountain Gate and the charming Main Street of Berwick village only a short distance.
Casey, Epworth and St John of God Berwick hospitals are in close proximity, as are the Berwick campuses of Monash University and Chisholm Institute of TAFE. Melbourne CBD is only 40 minutes on the M1.

Property History for 2/2 Don Bosco Dr, Narre Warren, VIC 3805

A timeline of how this property has performed in the market
Last Transferred
09 Jun 2014
  • 25 Mar 2019
    Listed for Sale Not Disclosed
  • 09 Jun 2014
    Transferred
  • 31 Oct 2008
    Sold for $191,000
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About Narre Warren 3805

The size of Narre Warren is approximately 14 square kilometres. It has 52 parks covering nearly 9% of total area. The population of Narre Warren in 2011 was 25,882 people. By 2016 the population was 26,623 showing a population growth of 2.9% in the area during that time. The predominant age group in Narre Warren is 20-29 years. Households in Narre Warren are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren work in a trades occupation. In 2011, 75.3% of the homes in Narre Warren were owner-occupied compared with 71.7% in 2016.

Narre Warren has 12,080 properties. Over the last 5 years, Houses in Narre Warren have seen a 28.17% increase in median value, while Units have seen a 31.90% increase. As at 31 October 2024:

  • The median value for Houses in Narre Warren is $767,399 while the median value for Units is $551,053.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 66 properties listed for sale, and 25 properties listed for rent in Narre warren on OnTheHouse. According to CoreLogic's data, 430 properties were sold in the past 12 months in Narre warren.

Suburb Insights for Narre Warren 3805

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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.