1-3 Grammar StreetWendouree VIC 3355
Property Details for 1-3 Grammar St, Wendouree
1-3 Grammar St, Wendouree is a 4 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1973. The property has a land size of 6045m2 and floor size of 69m2.
Last Listing description (January 2020)
Unit 1 2 bedroom
Unit 2 1 bedroom (fully renovated)
Unit 3 1 bedroom
Outstanding location, nestled approximately 1km from Lake Wendouree and close to prestigious Grammar School, Howitt street shopping complex, Stockland's shopping centre, medical facilities, public transport including Wendouree railway station plus sporting facilities. Low maintenance block of 3 brick veneer flats. Investment opportunities like this are rare in this prime location. On offer is a 1 x 2 bedroom flat and 2 x 1 bedroom flats all sitting on one title, on a 722m2 allotment. Perfect and appealing property for investors with leases already in place securing a reliable income, with the added option for capital growth via update/renovation to improve on current income within the rental market. Inspection is a must and will not disappoint!
Property History for 1-3 Grammar St, Wendouree, VIC 3355
- 21 Oct 2019Listed for Sale Contact Agent
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About Wendouree 3355
The size of Wendouree is approximately 9.6 square kilometres. It has 23 parks covering nearly 12.5% of total area. The population of Wendouree in 2011 was 10,597 people. By 2016 the population was 10,452 showing a population decline of 1.4% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation. In 2011, 59.2% of the homes in Wendouree were owner-occupied compared with 56.6% in 2016.
Wendouree has 6,610 properties. Over the last 5 years, Houses in Wendouree have seen a 28.68% increase in median value, while Units have seen a 25.22% increase. As at 31 October 2024:
- The median value for Houses in Wendouree is $413,604 while the median value for Units is $327,786.
- Houses have a median rent of $380 while Units have a median rent of $326.
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