OFF MARKET

4/545 Mcdonalds Road
South Morang VIC 3752

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 4/545 Mcdonalds Rd, South Morang

4/545 Mcdonalds Rd, South Morang is a bedroom, bathroom Unit. While the property is not currently for sale or for rent, it was last sold in April 2016.

Building Type
Unit
Local Government
Whittlesea
Lot/Plan
5A/PS622161

Last Listing description (May 2019)

O'Shea Agency and AP Commercial are proud to present the following to market.

With a lease commencing 21st Of February 2018 for a period of 5 years followed by another option of 5 years is a dream property for a savvy investor!

Currently passing net income of $85,000.00 with all outgoings paid by the tenant with annual increases of 4%. The rent will increase to $88,400 on the 21st of February 2019

The property is surrounded by national brands such as Ultra Tune, National Tiles, Beaurepairs, Mind Australia and local developers Zuccala Homes.

This is an investment not to be missed!

Contact Agents

Greg O'Shea - 0484 646 007
greg.oshea@osheaagency.com

Alex Pannunzio - 0418 341 010
alex@apcommercial.com.au

Property History for 4/545 Mcdonalds Rd, South Morang, VIC 3752

A timeline of how this property has performed in the market
Last Sold
$854,000
06 Apr 2016
  • 23 Oct 2018
    Listed for Sale Contact Agents
  • 06 Apr 2016
    Sold for $854,000

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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 10,959 properties. Over the last 5 years, Houses in South Morang have seen a 22.42% increase in median value, while Units have seen a 30.83% increase. As at 31 October 2024:

  • The median value for Houses in South Morang is $805,991 while the median value for Units is $536,137.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 64 properties listed for sale, and 25 properties listed for rent in South morang on OnTheHouse. According to CoreLogic's data, 403 properties were sold in the past 12 months in South morang.

Suburb Insights for South Morang 3752

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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.