OFF MARKET

4 Ramsay Street
Rochester VIC 3561

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Floor area: 96m2
Land area: 1017m2
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Last updated 30 Sep 2024
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Property Details for 4 Ramsay St, Rochester

4 Ramsay St, Rochester is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1017m2 and floor size of 96m2.

Building Type
House
Floor Size
96m2
Land Size
1017m2
Local Government
Campaspe
Lot/Plan
1/PS618457

Last Listing description (December 2023)

Here's another chance to turn a blank canvas into a lucrative investment opportunity! Presenting four attached brick veneer units, set on a concrete slab. These units were affected by the October 2022 floods and have had plaster partially removed, making them the perfect renovation project. The core of these units remains strong, with solid brick veneer construction on concrete slab. Each unit features 2 bedrooms, 1 bathroom, kitchen and living area and two double carports at the front of the building to house a vehicle for each unit. Currently a blank canvas, these units await your creative vision and design expertise, transform them into comfortable and attractive living spaces that will attract tenants seeking fresh accommodation in close walking distance to shops. These units sit on a spacious allotment of 1,017 m2, built with minimal maintenance in mind, in an ideal location, close to all amenities Rochester has to offer.
An ideal investment opportunity once renovated, with the potential to secure three separate rental incomes at around the $240 per week each once restored. It's a promising project for those looking to enter the property market or expand their investment portfolio. To discuss the potential and possibilities of this property, contact Luke Ryan on 0438 841 127.

Property History for 4 Ramsay St, Rochester, VIC 3561

A timeline of how this property has performed in the market
Listed for Rent
$190/w
20 Jul 2012
  • 11 Oct 2023
    Listed for Sale $345,000
  • 04 Jul 2012
    Listed for Rent - Price not available

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About Rochester 3561

The size of Rochester is approximately 86.4 square kilometres. It has 9 parks covering nearly 4.3% of total area. The population of Rochester in 2011 was 3,135 people. By 2016 the population was 3,100 showing a population decline of 1.1% in the area during that time. The predominant age group in Rochester is 50-59 years. Households in Rochester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rochester work in a managers occupation. In 2011, 77.5% of the homes in Rochester were owner-occupied compared with 76.3% in 2016.

Rochester has 1,869 properties. Over the last 5 years, Houses in Rochester have seen a 45.04% increase in median value, while Units have seen a 55.77% increase. As at 30 September 2024:

  • The median value for Houses in Rochester is $327,683 while the median value for Units is $301,892.
  • Houses have a median rent of $490 while Units have a median rent of $175.
There are currently 88 properties listed for sale, and 1 property listed for rent in Rochester on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Rochester.

Suburb Insights for Rochester 3561

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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.