OFF MARKET

4/5 Herbert Street
Yarra Glen VIC 3775

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 42m2
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Last updated 11 Nov 2024
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Property Details for 4/5 Herbert St, Yarra Glen

4/5 Herbert St, Yarra Glen is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 42m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
2009
Floor Size
70m2
Land Size
42m2
Local Government
Yarra Ranges
Lot/Plan
4A/PS401955

Last Listing description (May 2021)

This beautiful townhouse is perfect for investors, Airbnb operators or for those looking to live in a centrally located position in the heart of Yarra Glen. Currently tenanted month to month, the tenants will stay on if desired. Or you could revert to an Airbnb property (the current owners generated over $38k per year using this strategy, but could be as high as $50k with the right management), or just move in and enjoy.

Upstairs, the property features 2 well-sized bedrooms both with built-in wardrobes, an ultra-modern main bathroom and private balcony. On the ground level the townhouse features an open plan lounge and kitchen, powder room, European laundry and patio. The kitchen is modern and fitted excellently with quality stainless steel appliances and stunning finishes. A split system upstairs and another on the ground level for heating and cooling will ensure that youre comfortable no matter the season.

Finally, the property offers a single open car space right at the front door for parking. All this located in the centre of Yarra Glen just minutes from everything this lovely country town has to offer, including Yarra Glen Primary School, The Grand Hotel, bakeries, cafes, a supermarket and many speciality shops.

To respect the current tenants privacy, inspections are at Open for Inspections only, or by appointment well in advance.

Property History for 4/5 Herbert St, Yarra Glen, VIC 3775

A timeline of how this property has performed in the market
Last Sold
$460,000
14 Mar 2021
Listed for Rent
$350/w
14 Aug 2020
  • 14 Mar 2021
    Sold for $460,000
  • 24 Feb 2021
    Listed for Sale $420,000 - $460,000
  • 13 Jul 2020
    Listed for Rent $350 / week
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About Yarra Glen 3775

The size of Yarra Glen is approximately 35.1 square kilometres. It has 7 parks covering nearly 1.9% of total area. The population of Yarra Glen in 2011 was 2,611 people. By 2016 the population was 2,843 showing a population growth of 8.9% in the area during that time. The predominant age group in Yarra Glen is 0-9 years. Households in Yarra Glen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yarra Glen work in a trades occupation. In 2011, 81.3% of the homes in Yarra Glen were owner-occupied compared with 82.4% in 2016.

Yarra Glen has 1,475 properties. Over the last 5 years, Houses in Yarra Glen have seen a 31.37% increase in median value, while Units have seen a 30.87% increase. As at 31 October 2024:

  • The median value for Houses in Yarra Glen is $898,858 while the median value for Units is $651,118.
  • Houses have a median rent of $695 while Units have a median rent of $370.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Yarra glen on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Yarra glen.

Suburb Insights for Yarra Glen 3775

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Disclaimer
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.