SOLD
Sold on 18 Nov 2023 for $250,000

34 Wisteria Parade
Wangaratta VIC 3677

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 164m2
Land area: 534m2
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Property Details for 34 Wisteria Pde, Wangaratta

Building Type
Land
Year Built
2024
Floor Size
164m2
Land Size
534m2
Local Government
Wangaratta
Lot/Plan
5/PS847587

Last Listing description (November 2023)

Unlock the doors to a new era of investment with our innovative co-living residential build. Welcome to Lot 5 at Wisteria Parade, where opportunity knocks louder than ever. Our exclusive house and land package demands your attention.

Key Features:
**Room to Prosper:** This property features 3 individually lockable rooms, each with its own ensuite and built-in/walk-in robe. Privacy and convenience meet modern living.

**High-Yield Investment:** Experience the power of your investment with rental income potential of $310-$320 per room, per week, ie. $930 to $960, weekly. That's a solid return on investment!

**Prime Location:** Nestled in a beautiful new estate only 7 minutes from the heart of town and the hospital, this property is strategically positioned to attract professionals seeking a vibrant, connected lifestyle.

Market Insight:
- Low Vacancy Rates: Wangaratta boasts a residential rental vacancy rate below 0.5%, showcasing the robust demand for quality housing options.

- Solid Data: Numbers don't lie. Our investment opportunity is backed by current rental market indicators and trends that supports its potential for growth and stability. Median Rent Price has experienced sustained growth over 10 years in Wangaratta, averaging a combined 6.6%.

Ideal Investor Profile:
Are you an investor with an open mind, looking for an opportunity that combines innovation with financial reward? Lot 5 Wisteria Parade could be your winning move. The numbers add up, and the future looks bright.

About ProjectDelivery.Co:
At ProjectDelivery.Co, we're not just about properties; we're about delivering opportunities. Our commitment to excellent customer service ensures you maximize your asset potential. Join us in shaping the future of investment in Wangaratta.

Ready to seize the moment? Contact us today to learn more, don't miss out on this unique investment opportunity!

Royce - 0450 566 402
Jo - 0407 462 278

https://www.consumer.vic.gov.au/duediligencechecklist

Property History for 34 Wisteria Pde, Wangaratta, VIC 3677

A timeline of how this property has performed in the market
Last Sold
$250,000
18 Nov 2023
  • 18 Nov 2023
    Sold for $250,000
  • 22 Sep 2023
    Listed for Sale $688,000
  • 25 Jul 2022
    Sold for $247,000

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About Wangaratta 3677

The size of Wangaratta is approximately 47 square kilometres. It has 55 parks covering nearly 8% of total area. The population of Wangaratta in 2011 was 17,171 people. By 2016 the population was 18,098 showing a population growth of 5.4% in the area during that time. The predominant age group in Wangaratta is 50-59 years. Households in Wangaratta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wangaratta work in a professional occupation. In 2011, 68.1% of the homes in Wangaratta were owner-occupied compared with 66.1% in 2016.

Wangaratta has 11,469 properties. Over the last 5 years, Houses in Wangaratta have seen a 66.60% increase in median value, while Units have seen a 46.67% increase. As at 31 August 2024:

  • The median value for Houses in Wangaratta is $497,944 while the median value for Units is $331,300.
  • Houses have a median rent of $455 while Units have a median rent of $340.
There are currently 15 properties listed for sale, and 5 properties listed for rent in Wangaratta on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Wangaratta.

Suburb Insights for Wangaratta 3677

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Disclaimer
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.