10/245 Hotham StreetRipponlea VIC 3185
Property Details for 10/245 Hotham St, Ripponlea
10/245 Hotham St, Ripponlea is a 1 bedroom, 1 bathroom Unit and was built in 1960. The property has a floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in February 2018.
Last Listing description (February 2018)
Let the rent take care of your mortgage on this great investment property!
With rental income of $300 per week, and with high quality tenants, this is an outstanding investment.
The property is a tastefully renovated one bedroom apartment, that has loads of natural light. Comprising of a big open plan lounge and meals area, full size kitchen with dishwasher, big master bedroom with Built in Robes and en-suite style bathroom (laundry facilities in the bathroom), reverse cycle air conditioner, secure entry foyer and with floor boards throughout. The apartment is strata titled and car parking is shared. Located at the rear of this small block, it is nice and quiet and North/West facing.
OPEN FOR INSPECTIONS: Strictly at advertised times.
PLEASE NOTE : Open for inspection times are subject to change or cancellation without notice.
PLEASE NOTE: ALL EMAIL ENQUIRIES MUST CONTAIN A CONTACT PHONE NUMBER
Property History for 10/245 Hotham St, Ripponlea, VIC 3185
- 01 Feb 2018Sold for $280,000
- 09 May 2017Listed for Rent - Price not available
- 06 Dec 2016Listed for Sale $305,000.00
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About Ripponlea 3185
The size of Ripponlea is approximately 0.3 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Ripponlea in 2011 was 1,477 people. By 2016 the population was 1,572 showing a population growth of 6.4% in the area during that time. The predominant age group in Ripponlea is 20-29 years. Households in Ripponlea are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ripponlea work in a professional occupation. In 2011, 43.4% of the homes in Ripponlea were owner-occupied compared with 43.6% in 2016.
Ripponlea has 919 properties. Over the last 5 years, Houses in Ripponlea have seen a 14.60% increase in median value, while Units have seen a 4.64% increase. As at 31 October 2024:
- The median value for Houses in Ripponlea is $2,007,609 while the median value for Units is $571,461.
- Houses have a median rent of $740 while Units have a median rent of $500.
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