3 Banksia WaySouth Morang VIC 3752
Property Details for 3 Banksia Way, South Morang
3 Banksia Way, South Morang is a 2 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2023. The property has a land size of 75m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Townhouse sold in South Morang in the last 12 months.
Last Listing description (June 2024)
Welcome to your new haven at 3 Banksia Way, South Morang. Whether you're looking for a home or a great investment opportunity with excellent ROI potential, we're confident you'll find 3 Banksia Way to your liking. This contemporary residence exudes comfort and style, offering modern living at its finest. And with two bedrooms and two bathrooms, it offers plenty of space to satisfy all of your lifestyle needs. Completed in November 2023, this brand-new home boasts sleek finishes and thoughtful design throughout.
Enter through the single lock-up garage, where convenience meets security, leading to a charming courtyard. The downstairs primary bedroom features an ensuite for added privacy and luxury. Enjoy the European-style laundry, large balcony, and the convenience of stainless steel appliances, stone benchtops, and a dishwasher in the kitchen.
The home is equipped with solar hot water and a water tank, ensuring eco-friendly living. Currently leased to reliable tenants on a 12-month lease, generating $500pw, this property presents a solid 5.2% return, making it ideal for SMSF investors seeking stability and growth.
South Morang offers a safe and family-friendly environment, with nearby walking trails and parks perfect for outdoor enthusiasts. The bustling Westfield Plenty Valley is just steps away, providing endless shopping and dining options. Convenient public transport links make commuting to the city a breeze.
Nestled close to Hillsview Recreation Reserve, The Lakes Reserve, Marymede Catholic College, and St Ivy Cafe, every convenience is at your fingertips. Whether you're starting a family or seeking an investment opportunity, 3 Banksia Way promises a lifestyle of comfort, convenience, and community.
Don't miss out schedule your inspection today!
We have started the offer process on this fantastic property. To follow the progression you can view it on Market Buy here: https://adigarcia-atrealty.marketbuy.com.au/for-sale/MMpd02mi2/3-banksia-way-south-morang
Property History for 3 Banksia Way, South Morang, VIC 3752
- 14 May 2024Sold for $450,000
- 08 Mar 2024Listed for Sale $470,000 - $500,000
- 26 Dec 2023Listed for Sale AUCTION Sat 3 Feb 12:00pm
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About South Morang 3752
The size of South Morang is approximately 21 square kilometres. It has 70 parks covering nearly 37.1% of total area. The population of South Morang in 2011 was 20,873 people. By 2016 the population was 24,043 showing a population growth of 15.2% in the area during that time. The predominant age group in South Morang is 30-39 years. Households in South Morang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Morang work in a professional occupation. In 2011, 79.3% of the homes in South Morang were owner-occupied compared with 76.9% in 2016.
South Morang has 10,938 properties. Over the last 5 years, Houses in South Morang have seen a 25.27% increase in median value, while Units have seen a 31.25% increase. As at 30 September 2024:
- The median value for Houses in South Morang is $811,003 while the median value for Units is $525,640.
- Houses have a median rent of $550 while Units have a median rent of $500.
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