SOLD
Sold on 13 Mar 2024 for $225,000

5/43 Francis Street
Traralgon VIC 3844

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Sold By
Racquel Dickson
First National Real Estate Latrobe
Simon Burns
First National Real Estate Latrobe
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Property Details for 5/43 Francis St, Traralgon

5/43 Francis St, Traralgon is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Traralgon in the last 12 months.

Building Type
Unit
Local Government
Latrobe
Lot/Plan
5/PS714291

Last Listing description (April 2024)

We present to you an exceptional investment opportunity in the thriving city of Traralgon. Located at 5/43 Francis Street, this property offers a multitude of benefits that will undoubtedly appeal to discerning investors seeking low maintenance and high rental income.

Situated in a tranquil neighbourhood, this property provides a serene and relaxed lifestyle, making it an ideal addition to any investment portfolio. Boasting a generously-sized main bedroom with a built-in robe and a conveniently adjacent bathroom, tenants will enjoy a comfortable living experience. The spacious living area is equipped with a split system air-conditioning unit, ensuring optimal climate control and enhancing overall renter satisfaction.

One of the highlights of this property is the modern kitchen, thoughtfully designed with gas cooking facilities, ample storage space, in-kitchen dining, and a European laundry. This clever utilization of space ensures both functionality and style, making it an attractive feature for potential tenants.

Currently, this property is leased for an impressive $310 per week, offering an annual yield of approximately 6.4%. With such a remarkable return on investment, this opportunity should not be overlooked by astute investors seeking to maximize their financial gains.

To obtain further details and arrange an inspection, we invite you to get in touch with Simon Burns at 0421 333 114. Act promptly and secure your investment in Traralgon today, as opportunities like this are seldom available for long.

Invest with confidence and reap the rewards of this remarkable property.

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Property History for 5/43 Francis St, Traralgon, VIC 3844

A timeline of how this property has performed in the market
Last Sold
$225,000
13 Mar 2024
Listed for Rent
$310/w
07 Feb 2023
  • 13 Mar 2024
    Sold for $225,000
  • 07 Jun 2023
    Listed for Sale Not Disclosed
  • 07 Feb 2023
    Listed for Rent $310 / week
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About Traralgon 3844

The size of Traralgon is approximately 56.3 square kilometres. It has 78 parks covering nearly 4.3% of total area. The population of Traralgon in 2011 was 23,834 people. By 2016 the population was 24,924 showing a population growth of 4.6% in the area during that time. The predominant age group in Traralgon is 20-29 years. Households in Traralgon are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation. In 2011, 69.5% of the homes in Traralgon were owner-occupied compared with 68.8% in 2016.

Traralgon has 15,162 properties. Over the last 5 years, Houses in Traralgon have seen a 62.97% increase in median value, while Units have seen a 55.07% increase. As at 30 September 2024:

  • The median value for Houses in Traralgon is $518,149 while the median value for Units is $320,225.
  • Houses have a median rent of $450 while Units have a median rent of $360.
There are currently 99 properties listed for sale, and 6 properties listed for rent in Traralgon on OnTheHouse. According to CoreLogic's data, 645 properties were sold in the past 12 months in Traralgon.

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