SOLD
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Sold on 19 Jul 2024 for $770,000

1 John Street
Wendouree VIC 3355

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 63m2
Land area: 755m2
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Property Details for 1 John St, Wendouree

1 John St, Wendouree is a 4 bedroom, 3 bathroom House with 3 parking spaces and was built in 1970. The property has a land size of 755m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Wendouree in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
63m2
Land Size
755m2
Local Government
Ballarat
Lot/Plan
331/LP92018

Last Listing description (September 2024)

Discover an exceptional investment opportunity with this recently updated block of 3 units at 4 John Street, Wendouree. This property is perfectly suited for investors seeking a hassle-free investment with immediate tenant readiness.

Property Highlights:

- Unit Configuration: The complex consists of one 2-bedroom unit and two 1-bedroom units, all on separate titles and separately metered.

- Recent Upgrades: Each unit has been freshly painted & features new carpet, new roller blinds (double sheer & blockout to front-facing windows) , new kitchen benches, and upgraded electrical switchboards. All units boast updated bathrooms with large showers, vanities, toilets, and laundry facilities with separate troughs.
- Modern Amenities: Kitchens are equipped with new laminex benches, electric freestanding cookers, and ample overhead and underbench cabinetry. The benches have been designed with a larger overhang to serve as a "breakfast bar" or alternative dining space.
- Comfort and Security: All units have split-system heating and cooling, front and rear security doors (two units are brand new), and main bedrooms with built-in robes.
- Outdoor Features: Each unit comes with its own storage locker recently fitted with new doors, plus an undercover carport. The landscaped grounds include three separate clotheslines at the rear, providing one for each unit.

Location and Accessibility:

Situated on a quiet, one-block street, this property offers proximity to essential amenities:
- Recreation: Close to a playground.
- Education: Near schools and child-care facilities.
- Shopping and Transport: Convenient access to shopping centres and bus stops.

Investment Potential:

With an expected gross rental income of approximately $900 per week, this property offers a possible gross yield of over 5.8%. Additionally, by owning all 3 units there is no owner's corporation, simplifying management and enhancing profitability.

Private Inspections:

Inspections are available by private appointment only, ensuring personalized and thorough viewings.

Contact Information:

Don't miss out on this turnkey investment opportunity. For more information or to schedule a private inspection, please contact Damian Shackell at 0448 777 313.
Invest with confidence at 4 John Street, Wendouree, where modern living meets exceptional convenience and investment potential.

Ballarat's Best-Selling Team

Property History for 1 John St, Wendouree, VIC 3355

A timeline of how this property has performed in the market
Last Sold
$770,000
19 Jul 2024
Listed for Rent
$120/w
30 Nov 2010
  • 19 Jul 2024
    Sold for $770,000
  • 12 Jul 2024
    Listed for Sale $800,000
  • 27 Jul 2015
    Listed for Sale $199,000 - $215,000
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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.
There are currently 45 properties listed for sale, and 19 properties listed for rent in Wendouree on OnTheHouse. According to CoreLogic's data, 283 properties were sold in the past 12 months in Wendouree.

Suburb Insights for Wendouree 3355

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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.