16 Market StreetTrentham VIC 3458
Property Details for 16 Market St, Trentham
16 Market St, Trentham is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 286m2. While the property is not currently for sale or for rent, it was last sold in June 2018.
Last Listing description (November 2024)
Discover the charm and versatility of this historic 1890s double-fronted commercial space, located in a prestigious pocket, in the heart of Trentham Village. This unique three-in-one property combines retail, accommodation and vacant land, offering instant income and a wealth of opportunities.
Property Highlights:
Prime Commercial Space (approx. 49 sqm): Currently tenanted with a 1x3x3 lease and generating an annual income of $25,000+, this well-presented storefront offers immediate returns in a high-traffic location.
Charming One-Bedroom Residence: Step into French provincial-style elegance, where soaring ceilings, oversized French glass doors and a tranquil private courtyard with olive and rosemary trees create an inviting escape. The open-plan living area radiates warmth, with natural light flooding through large windows, and a simple country kitchen ideal for preparing intimate meals or sharing a casual platter. Imagine curling up by the fire with a book, a glass of wine, or a cuppa -whether alone or with someone special, it's a cozy haven for unwinding. This serene hideaway also offers fantastic versatility as a short-term or permanent rental, with the potential to generate an additional $20,000 per year.
Vacant Land with Development Options: Envision future growth with previously approved plans for a upcycled two-story barn accommodation, offering inspiration for what could be built. Whether you design a bespoke 2nd residence, multi purpose studio, extend the existing property, or consider subdivision, the choice is yours. (STCA required).
Set among tree-lined streets with artisan shops, boutique clothing stores, cafes, bakery, local produce and the renowned 'Annie Smithers' Du Fumier fine dining, this property is more than just an investment-it's a retreat from the fast-paced world. For those looking to step out of the busyness of life, this is a place to recalibrate, recharge, and embrace the calm of country living.
A true lock-and-leave property, this versatile investment appeals to the savvy investor or anyone craving a peaceful getaway with immediate income potential. Whether you desire a charming retreat or a sound investment, this historical gem offers a rare blend of lifestyle and future growth.
Summary:
Period Property : commercial, 1 bed residence, land
Current Rent : 1year plus 3year x 3year option. $495pw = $25,740
Estimate Rent : Air BnB or Permanent Rental : $15,000 - $17,000
Located in Trentham Village : Walk to shops, dining, pubs, local produce, parks
Easy Drive : to Golf , Calder Freeway, Woodend (train), Daylesford, Kyneton, Bendigo
Property History for 16 Market St, Trentham, VIC 3458
- 15 Feb 2024Listed for Sale $750,000 Instant Income $40,000pa
- 12 Jan 2021Listed for Rent $114,714 / year
- 13 Feb 2019Listed for Rent $23,463 / year
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About Trentham 3458
The size of Trentham is approximately 51.3 square kilometres. It has 2 parks covering nearly 20.3% of total area. The population of Trentham in 2011 was 1,410 people. By 2016 the population was 1,156 showing a population decline of 18.0% in the area during that time. The predominant age group in Trentham is 60-69 years. Households in Trentham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Trentham work in a professional occupation. In 2011, 83.9% of the homes in Trentham were owner-occupied compared with 80.7% in 2016.
Trentham has 1,139 properties. Over the last 5 years, Houses in Trentham have seen a 55.79% increase in median value, while Units have seen a 7.63% increase. As at 31 October 2024:
- The median value for Houses in Trentham is $969,039 while the median value for Units is $667,543.
- Houses have a median rent of $485.
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