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Sold on 14 Nov 2024 - Price Unavailable

53 Flanagan Street
Tarneit VIC 3029

Bedrooms: 5
Bathrooms: 5
Car spaces: 2
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Property Details for 53 Flanagan St, Tarneit

53 Flanagan St, Tarneit is a 5 bedroom, 5 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 5 bedroom House sold in Tarneit in the last 12 months.

Building Type
House

Last Listing description (November 2024)

Strategically positioned to embrace the best of what Tarneit has to offer, this residence is conveniently situated near Tarneit Station with easy freeway access, boasting proximity to public transportation, bus stops, and a selection of schools.

*Key Features Include*

*Land Size:* 448 SQM north facing

*House Size:* 28 Squares (28 sq house)

*Room Configuration:* 5 bedrooms, each highlighted by luminous en-suites and walk-in robes

*Living Spaces:* A blend of refined formal and relaxed living spaces, including an expansive formal lounge

*Modern Kitchens:* 2 modern kitchens equipped with stainless steel appliances

*Open-Plan Design:* Open-plan kitchen and dining area flowing seamlessly into a spacious family zone

*Comfort:* Air conditioning in each room

*Convenience:* Separate laundry with convenient side access

*Outdoor Area:* Low-maintenance outdoor area

*Parking:* Double remote-controlled garage

*Accessibility:* Ramp for accessibility using wheelchair. This disabled access ramp has been certified by professionals.

*Additional Highlights:*

*Registered Rooming House Occupancy Permit:* This property holds a registered rooming house Occupancy Permit approval, ensuring compliance with regulations and facilitating seamless operations.

*Passive Income Generation:* Current rental income per month (all rooms are currently tenanted):
Bedroom 1: $1,150
Bedroom 2: $1,175
Bedroom 3: $1,200
Bedroom 4: $950
Bedroom 5: $1,200
Total gross rental income per year: $68,100*
Rental Yield: Approximately 7.40%*

*Investment Potential:* Promises a strong return on investment, ideal for astute investors.

NDIS: This property is suitable for easy conversion to NDIS accommodation, with required permits (Class 1B) already in place. It just needs sign-off from a certified NDIS assessor for more passive income. Features include a disabled toilet, wider door entry, wider walkways, and automated door opening with switch operation, all meeting NDIS regulations

For more information and to schedule your inspection, contact *Sudheer Reddy at 0452 384 994* today!

*Disclaimer:* The information provided is deemed reliable but not guaranteed. *Reddy G Real Estate and its affiliates do not warrant the accuracy or completeness of the information and disclaim any liability for errors or omissions.* Prospective buyers are advised to conduct their own independent investigations, inquiries, and due diligence regarding the property.

Property History for 53 Flanagan St, Tarneit, VIC 3029

A timeline of how this property has performed in the market
Last Sold
14 Nov 2024
  • 30 Oct 2024
    Sold for $830,000
  • 13 Jun 2024
    Listed for Sale Contact Agent
  • 03 May 2022
    Listed for Sale Contact Agent
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About Tarneit 3029

The size of Tarneit is approximately 38.2 square kilometres. It has 50 parks covering nearly 3.6% of total area. The population of Tarneit in 2011 was 21,690 people. By 2016 the population was 34,562 showing a population growth of 59.3% in the area during that time. The predominant age group in Tarneit is 30-39 years. Households in Tarneit are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarneit work in a professional occupation. In 2011, 69.4% of the homes in Tarneit were owner-occupied compared with 67.7% in 2016.

Tarneit has 33,845 properties. Over the last 5 years, Houses in Tarneit have seen a 20.69% increase in median value, while Units have seen a 18.11% increase. As at 30 November 2024:

  • The median value for Houses in Tarneit is $681,111 while the median value for Units is $486,819.
  • Houses have a median rent of $540 while Units have a median rent of $470.
There are currently 443 properties listed for sale, and 181 properties listed for rent in Tarneit on OnTheHouse. According to CoreLogic's data, 2161 properties were sold in the past 12 months in Tarneit.

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Sudheer Reddy
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Vikhyath Varma
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Reddy G Real Estate Agents
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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.