OFF MARKET

196/196 Scott Street
Warracknabeal VIC 3393

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
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Property Details for 196/196-A Scott St, Warracknabeal

196/196-A Scott St, Warracknabeal is a 5 bedroom, 2 bathroom House with 2 parking spaces.

Building Type
House
Local Government
Yarriambiack

Last Listing description (December 2018)

Earn two rental returns for the price of one property. You get a 4 bedroom home rented for $185 per week and a self contained one bedroom apartment rented for $105 per week (increasing shortly to $110 pw) both to long term tenants. That's a total gross of $290 per week (before the increase) or a gross return of 9.13% on the full asking price. The w/board and CI roof (new within the last 10 years) sits in a prominent position on Scott St. (the main thoroughfare) in Warracknabeal half way between the town shopping centre and the wonderful sporting precinct, Anzac Park. Only a matter of a short walk to both destinations. Ideal for a tenant who may not have a motor vehicle. The home has massive cupboard storage in the kitchen, an en-suite to the master bedroom, f/s wood heater & split system in the lounge room plus ducted evap. cooling and a single carport. The unit has a lounge, living/dining area and kitchen with a r/c a/c. The bathroom/laundry has a shower, vanity & toilet plus a trough, auto taps & cupboard space in the laundry area. The bedroom is large with BIR's. Outside there is a large garden shed and a single garage. Both hot water services were new in 2010/11. A great property to add to or start your investment portfolio. Call Rob on 0467 044484 to discuss or arrange an inspection.

Property History for 196/196-A Scott St, Warracknabeal, VIC 3393

A timeline of how this property has performed in the market
  • 21 Sep 2018
    Listed for Sale $165,000

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About Warracknabeal 3393

The size of Warracknabeal is approximately 290.3 square kilometres. It has 10 parks covering nearly 0.5% of total area. The population of Warracknabeal in 2011 was 2,744 people. By 2016 the population was 2,407 showing a population decline of 12.3% in the area during that time. The predominant age group in Warracknabeal is 50-59 years. Households in Warracknabeal are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Warracknabeal work in a community and personal service occupation. In 2011, 75.7% of the homes in Warracknabeal were owner-occupied compared with 76.2% in 2016.

Warracknabeal has 1,666 properties. Over the last 5 years, Houses in Warracknabeal have seen a 77.39% increase in median value, while Units have seen a 7.88% increase. As at 31 October 2024:

  • The median value for Houses in Warracknabeal is $201,472 while the median value for Units is $240,116.
  • Houses have a median rent of $325.
There are currently 5 properties listed for sale, and no properties listed for rent in Warracknabeal on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Warracknabeal.

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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.