SOLD
Sold on 02 May 2024 for $365,000

26 Lovicks Road
Wollert VIC 3750

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 156m2
Land area: 324m2
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Property Details for 26 Lovicks Rd, Wollert

Building Type
Land
Year Built
2024
Floor Size
156m2
Land Size
324m2
Local Government
Whittlesea
Lot/Plan
1622/PS902268

Last Listing description (August 2024)

Nestled within the highly coveted Mason Quarter estate, this 324SQM (approx) lot presents a remarkable opportunity for first-time homebuyers looking to step into the property market and savvy investors aiming to craft a lucrative, low-maintenance rental property.

Conveniently situated near shops, the lot offers an ideal balance of suburban tranquility and urban accessibility. Tailored for first-home buyers, the manageable lot size allows for cost-effective construction while still providing ample space for a comfortable residence and yard. For investors, this lot boasts significant potential for generating substantial rental income. Its layout and dimensions are conducive to creating a modern, low-maintenance rental property that appeals to tenants seeking convenience and quality living. Beyond local amenities, the lot's strategic location offers seamless access to highways and connectivity.

Mason Quarter Estate's family-friendly atmosphere and proximity to esteemed educational institutions, including Wollert Primary School, Wollert Secondary School, Edgars Creek Primary School, Edgars Creek Secondary School, and Glowrey Catholic Primary School, ensure an outstanding educational environment for families. Beyond local amenities, the lot's strategic location offers seamless access to highways and connectivity.

This document has been prepared to assist solely in marketing this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their inquiries to verify the information.

Due diligence checklist - for home and residential property buyers:
https://www.consumer.vic.gov.au/housing/

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Property History for 26 Lovicks Rd, Wollert, VIC 3750

A timeline of how this property has performed in the market
Last Sold
$365,000
02 May 2024
  • 02 May 2024
    Sold for $365,000
  • 23 Feb 2024
    Listed for Sale $390,000 - $410,000
  • 29 Mar 2022
    Sold for $357,000

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About Wollert 3750

The size of Wollert is approximately 54.4 square kilometres. It has 30 parks covering nearly 9.8% of total area. The population of Wollert in 2011 was 509 people. By 2016 the population was 9,048 showing a population growth of 1677.6% in the area during that time. The predominant age group in Wollert is 30-39 years. Households in Wollert are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wollert work in a professional occupation. In 2011, 82.5% of the homes in Wollert were owner-occupied compared with 76.5% in 2016.

Wollert has 18,633 properties. Over the last 5 years, Houses in Wollert have seen a 24.39% increase in median value, while Units have seen a 24.73% increase. As at 31 October 2024:

  • The median value for Houses in Wollert is $735,357 while the median value for Units is $504,469.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 232 properties listed for sale, and 52 properties listed for rent in Wollert on OnTheHouse. According to CoreLogic's data, 964 properties were sold in the past 12 months in Wollert.

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