OFF MARKET

6 Bodega Street
Waurn Ponds VIC 3216

Bedrooms: 1
Bathrooms: 2
Car spaces: 4
Land area: 360m2
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Last updated 14 Oct 2024
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Property Details for 6 Bodega St, Waurn Ponds

6 Bodega St, Waurn Ponds is a 1 bedroom, 2 bathroom House with 4 parking spaces and was built in 2015. The property has a land size of 360m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
House
Year Built
2015
Land Size
360m2
Local Government
Greater Geelong
Lot/Plan
489/PS631700

Last Listing description (June 2018)

This near new purpose built and designed student accommodation property offers the very best floor plan to accommodate 7 new individual leases returning approximately $61,000 PA in income. Fully furnished and with all council regulations and CAV minimum standards approved, this property really does provide this ideal investment vehicle to supply fantastic cash flow and also a great investment in one of the active growth corridors Geelong has to offer.
Perfectly located with walking distance to the train station, minutes to Deakin University and a quick drive to the Waurn Ponds shopping and entertainment precinct.
The floor plan provides for 7 large bedrooms, 2 full bathrooms and undercover parking for 2 cars. Heating and cooling are supplied and internet services, with multiple living spaces comprising the floor plan. Also complete with depreciation schedule, this property is the ideal passive income property with returns like these really only ever found with commercial real estate and in excess of million dollar properties. Be quick!

Property History for 6 Bodega St, Waurn Ponds, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$720,000
07 May 2018
Listed for Rent
$165/w
19 Mar 2018
  • 07 May 2018
    Sold for $720,000
  • 21 Mar 2018
    Listed for Sale $695,000 - $745,000
  • 07 Mar 2018
    Listed for Rent $165 / week
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About Waurn Ponds 3216

The size of Waurn Ponds is approximately 23.2 square kilometres. It has 10 parks covering nearly 1.2% of total area. The population of Waurn Ponds in 2011 was 3,996 people. By 2016 the population was 5,036 showing a population growth of 26.0% in the area during that time. The predominant age group in Waurn Ponds is 20-29 years. Households in Waurn Ponds are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waurn Ponds work in a professional occupation. In 2011, 82.1% of the homes in Waurn Ponds were owner-occupied compared with 75.8% in 2016.

Waurn Ponds has 1,765 properties. Over the last 5 years, Houses in Waurn Ponds have seen a 31.00% increase in median value, while Units have seen a 30.13% increase. As at 30 September 2024:

  • The median value for Houses in Waurn Ponds is $799,197 while the median value for Units is $560,870.
  • Houses have a median rent of $520 while Units have a median rent of $440.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Waurn ponds on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Waurn ponds.

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