8 Ligar StreetWoodend VIC 3442
Property Details for 8 Ligar St, Woodend
Last Listing description (August 2024)
“Why we like the property” (agent perspective)
With endorsed plans and permits for four boutique villa units, reap the rewards of a prime 1,413m2 (approx.) allotment in a central Woodend location with fantastic capital growth.
Sold with vacant possession, this property is ready to go; whether you take on the current plans or redevelop to suit your lifestyle (STCA), the larger-than-usual dimensions provide abundant avenues for the future.
“What the property offers” (property perspective)
Set in a central location set within strolling distance of Woodend’s main shopping and dining precinct, this prime location has the feel and vibe of a quiet country lane miles from town, with the convenience of being within moments of local parks, cafes, primary schools, secondary school bus routes and Woodend Railway Station with direct access to Melbourne CBD.
The hard work has been taken care of, with permits for four new, single-level three-bedroom, 2 bathroom & 2 car garage villa units ready to go. Choose to keep one as a rental, providing you with capital growth in one of Victoria’s fastest-growing locations, or sell all four for a great return on your investment. The options for this prime piece of Woodend real estate are endless, ensuring a prosperous future!
Property History for 8 Ligar St, Woodend, VIC 3442
- 19 Aug 2024Listed for Sale $1,250,000-$1,375,000
- 13 Aug 2024Sold for $1,100,000
- 22 Feb 2024Listed for Sale $1,250,000-$1,375,000
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About Woodend 3442
The size of Woodend is approximately 71.6 square kilometres. It has 20 parks covering nearly 3.1% of total area. The population of Woodend in 2011 was 5,414 people. By 2016 the population was 5,822 showing a population growth of 7.5% in the area during that time. The predominant age group in Woodend is 40-49 years. Households in Woodend are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woodend work in a professional occupation. In 2011, 81.2% of the homes in Woodend were owner-occupied compared with 79.7% in 2016.
Woodend has 3,483 properties. Over the last 5 years, Houses in Woodend have seen a 28.47% increase in median value, while Units have seen a 15.12% increase. As at 31 August 2024:
- The median value for Houses in Woodend is $978,807 while the median value for Units is $605,744.
- Houses have a median rent of $640 while Units have a median rent of $480.
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