OFF MARKET

17-19 Waddell Street
Watchem VIC 3482

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 7984m2
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Property Details for 17-19 Waddell St, Watchem

Building Type
Rural
Land Size
7984m2
Local Government
Buloke
Lot/Plan
13A~2/PP5842

Last Listing description (September 2015)

Here's your chance to own the Watchem Primary School and at the same time make a nice income from your investment.
Currently rented on a 12 month lease through to June, 2016 for $160 a week, giving you a return of 8.36% on the full purchase price.
Set on a large block of approx. 8,155 sq mts [2 acres] the property consists of 3 main buildings with classroom size rooms, storage rooms, corridors and a kitchen.

A stand alone block houses two toilet/vanity/shower areas and a laundry.
Hot water is via an instant gas hot water service. The kitchen has a gas stove and own electric hot water service. Large electric/gas Rinnai inverter split systems service most areas as well as reverse cycle air-conditioners.
The grounds are large with an old tennis court, oval and plenty of room to move.
Call Rob on 0467 044 484 to make an appointment to inspect this most interesting property.

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Property History for 17-19 Waddell St, Watchem, VIC 3482

A timeline of how this property has performed in the market
Last Sold
$92,000
04 Sep 2015
Listed for Rent
$160/w
23 May 2014
  • 04 Sep 2015
    Sold for $92,000
  • 09 Jul 2015
    Listed for Sale $99,500
  • 14 May 2014
    Listed for Rent $160 / week
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About Watchem 3482

The size of Watchem is approximately 112.9 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Watchem in 2011 was 455 people. By 2016 the population was 116 showing a population decline of 74.5% in the area during that time. The predominant age group in Watchem is 60-69 years. Households in Watchem are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Watchem work in a managers occupation. In 2011, 83.6% of the homes in Watchem were owner-occupied compared with 69.6% in 2016..

Watchem has 146 properties. Over the last 5 years, Houses in Watchem have seen a 108.18% increase in median value. As at 31 October 2024:

  • The median value for Houses in Watchem is $178,630 while the median value for Units is $362,883.
There are currently 1 property listed for sale, and no properties listed for rent in Watchem on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Watchem.

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