OFF MARKET

1 Main Street
Natimuk VIC 3409

Bedrooms: 9
Bathrooms: 9
Car spaces: -
Floor area: 130m2
Land area: 2641m2
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Last updated 16 Dec 2024
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Property Details for 1 Main St, Natimuk

1 Main St, Natimuk is a 9 bedroom, 9 bathroom Unit and was built in 1975. The property has a land size of 2641m2 and floor size of 130m2.

Building Type
Unit
Year Built
1975
Floor Size
130m2
Land Size
2641m2
Local Government
Horsham
Lot/Plan
2/PS716431

Last Listing description (May 2021)

Affordable 9 unit complex - 10% Gross Return
This 9 units complex with a great occupancy rate represent a excellent investment. Consisting of 7 bedsits and 2 one bed units the complex currently returns approx. $1000 gross per week
All units are on separate titles, giving the buyer the opportunity of selling of individual units.

(Approx. $48,880 per year gross)
Individually metered for water and power.
Water rates approx. $9,000 per year
Council rates approx. $7,857 per year

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Property History for 1 Main St, Natimuk, VIC 3409

A timeline of how this property has performed in the market
  • 17 Aug 2017
    Listed for Sale $495,000

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About Natimuk 3409

The size of Natimuk is approximately 157.4 square kilometres. It has 2 parks covering nearly 0.9% of total area. The population of Natimuk in 2011 was 658 people. By 2016 the population was 530 showing a population decline of 19.5% in the area during that time. The predominant age group in Natimuk is 50-59 years. Households in Natimuk are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Natimuk work in a managers occupation. In 2011, 82.2% of the homes in Natimuk were owner-occupied compared with 77.1% in 2016.

Natimuk has 383 properties. Over the last 5 years, Houses in Natimuk have seen a 81.48% increase in median value, while Units have seen a 165.68% increase. As at 30 November 2024:

  • The median value for Houses in Natimuk is $267,811 while the median value for Units is $326,614.
There are currently 2 properties listed for sale, and 1 property listed for rent in Natimuk on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Natimuk.

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