1 Charles StreetWodonga VIC 3690
Property Details for 1 Charles St, Wodonga
1 Charles St, Wodonga is a 6 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 837m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom Unit sold in Wodonga in the last 12 months.
Last Listing description (October 2024)
This block of units in Wodonga presents an excellent investment opportunity, particularly given its prime location and solid rental returns.
Here are some key highlights:
Property Overview:
* Lot Size: 837m (approx).
* Units:
1 x 3 bedroom unit with gas cooking.
3 x 1 bedroom units with electric cooking.
* Construction: Brick, solidly built.
* Current Rental Return: Approximately 6.5% gross on the marketing price, currently returning $960 per week and increasing to $1,040 per week in October 2024.
Features:
* Heating and Cooling: All units have split system heating and cooling.
* Parking: Allocated carports for all units with 2 separate driveways, and ample on-street parking.
Investment Benefits:
* Location: Proximity to key amenities in a major regional centre.
* Meters: All units have individual electricity meters and only 1 water meter paid by the Landlord.
* Tenancy: Long-term tenants providing stable rental income.
* Growth Potential: Wodonga is a rapidly growing regional hub, making this a promising future investment.
* Council Rates: $3,802.00 per annum, water approx $517.13 per quarter. Building insurance paid in 2023 was $2,159.40. Total outgoings are $8,030.42 (approx)
* Please note the photos shown are of the front unit 1 which is a 1 bedroom unit and the rear Unit 4 which has 3 bedrooms.
Property History for 1 Charles St, Wodonga, VIC 3690
- 30 Jul 2024Sold for $800,000
- 09 Jul 2024Listed for Sale $800,000
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0About Wodonga 3690
The size of Wodonga is approximately 37.1 square kilometres. It has 36 parks covering nearly 9% of total area. The population of Wodonga in 2011 was 16,487 people. By 2016 the population was 18,932 showing a population growth of 14.8% in the area during that time. The predominant age group in Wodonga is 20-29 years. Households in Wodonga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wodonga work in a professional occupation. In 2011, 60.5% of the homes in Wodonga were owner-occupied compared with 58.4% in 2016.
Wodonga has 11,864 properties. Over the last 5 years, Houses in Wodonga have seen a 61.03% increase in median value, while Units have seen a 66.33% increase. As at 30 November 2024:
- The median value for Houses in Wodonga is $554,601 while the median value for Units is $352,512.
- Houses have a median rent of $480 while Units have a median rent of $370.
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