1-3 Marie Cres, Wendouree is a 2 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 634m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Wendouree in the last 12 months.
Located in the popular investment suburb of Wendouree, close to Stockland Shopping Centre, Wendouree train station, Lake Wendouree and quality schools is this rare already fully subdivided three unit complex being sold as one. All of the units are well maintained and leased to excellent tenants. Unit 1 is two beedrooms and returns $235 p/w. Unit 2 is one bedroom and returns $190 p/w. Unit 3 is one bedroom and returns $195 p/w. Each unit comes with a single carport and low maintenance yard. Already showing a strong rental yield of around 5% (approx) there is also plenty of scope for further improvements and a stronger yield. Be quick to inspect!
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:
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