OFF MARKET

12 Olive Grove
Tecoma VIC 3160

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 1217m2
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Last updated 11 Nov 2024
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Property Details for 12 Olive Gr, Tecoma

12 Olive Gr, Tecoma is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1217m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
House
Year Built
1975
Land Size
1217m2
Local Government
Yarra Ranges
Lot/Plan
1/PS440758

Last Listing description (June 2020)

Statement of information is located at https://s3-ap-southeast-2.amazonaws.com/zenu/LISTING_IMAGES/248-506828/80c4f04e-ab28-4e1d-b63d-25ee29ded7d0.pdf . Please copy & paste this information into your browser address bar.
The appeal of this wonderful log cabin will surprise everyone with the potential on offer. Great wide block of land of 1,217m2 thats nearly FLAT. Well positioned with two generous bedrooms and a big sunroom for potential third. High cathedral ceilings plus tall windows throughout gives you plenty of natural light and open plan kitchen / dining / lounge space. Yes its dated and needs work but with a double garage to work out of, all your tools are covered.
Great opportunity to secure an investment with a potential return of $350 per week or reap the rewards and renovate over the years to come. Excellent location being only minutes walk to everything Tecoma has to offer. At this price you will have to get in the que during the open for inspection. If you are looking for a turn towards convenience, turn towards Tecoma today before its gone too!

consumer.vic.gov.au/duediligencechecklist

Please note: All property details listed were current at the time of publishing. Due to extreme buyer demand, some properties may have been sold in the preceding 24 hours. Therefore confirmation of all opens with the listing agent within 24 hours of their scheduled opening is advised.

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Property History for 12 Olive Gr, Tecoma, VIC 3160

A timeline of how this property has performed in the market
Last Sold
$640,000
13 Feb 2020
  • 13 Feb 2020
    Sold for $640,000
  • 05 Feb 2020
    Listed for Sale $495,000 - $544,500
  • 30 Mar 2019
    Transferred
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About Tecoma 3160

The size of Tecoma is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.4% of total area. The population of Tecoma in 2011 was 2,087 people. By 2016 the population was 2,068 showing a population decline of 0.9% in the area during that time. The predominant age group in Tecoma is 40-49 years. Households in Tecoma are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tecoma work in a professional occupation. In 2011, 81.1% of the homes in Tecoma were owner-occupied compared with 79.6% in 2016.

Tecoma has 1,000 properties. Over the last 5 years, Houses in Tecoma have seen a 27.22% increase in median value, while Units have seen a 35.64% increase. As at 31 October 2024:

  • The median value for Houses in Tecoma is $856,170 while the median value for Units is $620,425.
  • Houses have a median rent of $425 while Units have a median rent of $350.
There are currently 8 properties listed for sale, and no properties listed for rent in Tecoma on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Tecoma.

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