3/253 Wilsons Rd, St Albans Park is a 4 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1980. The property has a land size of 652m2.
This fantastic investment opportunity is sure to draw lots of attention! The property produces $33,800 rental income per year from three tenancies and is located within 5kms of Geelong's CBD in a strong capital growth market. The three-unit site has long term tenants in possession and consists of two single bedroom units and one two-bedroom unit all on a single title.
This property also offers plenty for the value-adder with great opportunity for cosmetic improvements and potential for stronger income down the track. The astute investor can lay claim to the benefits of this ready-made income producing asset that has security, solid yields and plenty of upside! Call Patrick today to secure this rare Geelong investment opportunity!
The size of St Albans Park is approximately 4.2 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of St Albans Park in 2011 was 4,924 people. By 2016 the population was 4,837 showing a population decline of 1.8% in the area during that time. The predominant age group in St Albans Park is 50-59 years. Households in St Albans Park are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in St Albans Park work in a trades occupation. In 2011, 74.4% of the homes in St Albans Park were owner-occupied compared with 73.7% in 2016.
St Albans Park has 2,301 properties. Over the last 5 years, Houses in St Albans Park have seen a 35.70% increase in median value, while Units have seen a 31.05% increase. As at 31 October 2024:
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