53 Arcadia AvenueThe Basin VIC 3154
Property Details for 53 Arcadia Ave, The Basin
53 Arcadia Ave, The Basin is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1068m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in February 2007.
Last Listing description (March 2007)
FIRST HOME BUYERS AND INVESTORS SPECIAL!
Yes, this home does need some work but it is absolutely liveable, spacious, sits on a block of over 1000m2 and has a separate self contained bungalow that gives you a weekly income as well! Comprising 3 large bedrooms, formal living, family/meals, updated kitchen with new appliances and functional bathroom it has so much potential. First home buyers, this is your chance to get your foot in the door of home ownership. Investors, this is your chance to buy a property that, with two incomes (house was rented) gives a return of approx 6%. Set in an excellent location and with development potential (STCA) this has to be one of the best buys on the market.
Additional feature - Self contained bungalow.
Property History for 53 Arcadia Ave, The Basin, VIC 3154
- 31 Aug 2007Listed for Rent - Price not available
- 25 Feb 2007Sold for $256,000
- 19 Feb 2007Listed for Sale $240,000-$260,000
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0About The Basin 3154
The size of The Basin is approximately 5.1 square kilometres. It has 11 parks covering nearly 9% of total area. The population of The Basin in 2011 was 4,229 people. By 2016 the population was 4,400 showing a population growth of 4.0% in the area during that time. The predominant age group in The Basin is 40-49 years. Households in The Basin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Basin work in a trades occupation. In 2011, 87.2% of the homes in The Basin were owner-occupied compared with 84.4% in 2016.
The Basin has 1,850 properties. Over the last 5 years, Houses in The Basin have seen a 30.99% increase in median value, while Units have seen a 32.42% increase. As at 31 October 2024:
- The median value for Houses in The Basin is $905,346 while the median value for Units is $779,237.
- Houses have a median rent of $570 while Units have a median rent of $375.
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