25-27 Arundel RoadPark Orchards VIC 3114
Property Details for 25-27 Arundel Rd, Park Orchards
25-27 Arundel Rd, Park Orchards is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2019. The property has a land size of 2015m2 and floor size of 347m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
Last Listing description (April 2017)
Whether you're a seasoned investor looking to line your pockets with income from the get-go or on the hunt for the perfect block on which to build your perfect family home (STCA), this rewarding piece of real estate demands your attention.
Set on a sprawling half an acre (approx.) allotment with prestigious homes all around, it truly is the chance of a lifetime to build a luxurious lifestyle property (STCA) in the best street in Park Orchards.
For the smart investor, however, you'll be hard pressed to find a better investment option than what's on offer here: that being two investment properties on the one allotment that generate two streams of income.
The fact that both properties are currently leased means a guaranteed revenue stream is flowing your way from the very outset - great for the lucky buyer who wants to earn some cash whilst waiting for plans and permits to be approved! And given the properties are only a short stroll from trendy cafes, Park Orchards Primary School, transport and The 100 Acres Reserve, investors will be well aware of its outstanding future rental potential.
No.25 boasts an updated four-bedroom layout with vast open-plan living, modern kitchen with stainless steel appliances, fresh family bathroom, gas ducted heating, split-system cooling and an excellent entertaining deck (with enclosed spa) that looks across the grassed backyard.
No.27, meanwhile, offers an easy-care one-bedroom floorplan with a separate study, open-plan living with a well-appointed kitchen (with stainless steel appliances), split-system heating and cooling, peaceful rear deck and grassed backyard with an assortment of citrus trees and veggie garden.
Be quick to secure this hot investment property or rare development opportunity (STCA).
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Spiro Drossos : 0425 709 479
Property History for 25-27 Arundel Rd, Park Orchards, VIC 3114
- 08 Mar 2017Listed for Rent - Price not available
- 16 Apr 2016Sold for $1,250,000
- 23 Mar 2016Listed for Sale Not Disclosed
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0About Park Orchards 3114
The size of Park Orchards is approximately 9.5 square kilometres. It has 15 parks covering nearly 10.3% of total area. The population of Park Orchards in 2011 was 3,717 people. By 2016 the population was 3,810 showing a population growth of 2.5% in the area during that time. The predominant age group in Park Orchards is 10-19 years. Households in Park Orchards are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Park Orchards work in a professional occupation. In 2011, 95.1% of the homes in Park Orchards were owner-occupied compared with 93.8% in 2016.
Park Orchards has 1,364 properties. Over the last 5 years, Houses in Park Orchards have seen a 37.33% increase in median value. As at 31 July 2024:
- The median value for Houses in Park Orchards is $1,813,617 while the median value for Units is $1,374,984.
- Houses have a median rent of $1,200.
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