7/5 Herbert StreetYarra Glen VIC 3775
Property Details for 7/5 Herbert St, Yarra Glen
7/5 Herbert St, Yarra Glen is a 1 bedroom, 1 bathroom Townhouse and was built in 2007. The property has a land size of 13m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (December 2021)
This perfectly presented and centrally located townhouse, has many possibilities for the astute investor. You can live in it, run it as a lucrative Air B&B, or rent it out.
It consists of one large bedroom plus study with open plan living lounge, dining and kitchen area and large bathroom. The property will be sold fully furnished so there nothing more to spend and you'll save thousands of dollars.
The balcony stretches right across the townhouse (approx. 10 metres wide) for you to relax and enjoy the views of distant hills and mountains.
All this located in the centre of Yarra Glen with just a short walk to the famous Grand Hotel, local bakeries, cafes, the IGA supermarket and many speciality shops. Not to mention being completely immersed in the world-renowned Yarra Valley region, with endless options of wineries, artisan produce, restaurants, chocolatiers, luxury spas and more around each corner.
Property History for 7/5 Herbert St, Yarra Glen, VIC 3775
- 13 May 2021Sold for $425,000
- 17 Mar 2021Listed for Sale $430,000
- 16 May 2018Listed for Rent - Price not available
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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 1,456 properties. Over the last 5 years, Houses in Yarra Glen have seen a 28.71% increase in median value, while Units have seen a 26.24% increase. As at 31 August 2024:
- The median value for Houses in Yarra Glen is $883,460 while the median value for Units is $634,361.
- Houses have a median rent of $565 while Units have a median rent of $370.
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