OFF MARKET

16 Prince Street
Yarram VIC 3971

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 113m2
Land area: 936m2
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Property Details for 16 Prince St, Yarram

16 Prince St, Yarram is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 936m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Year Built
1960
Floor Size
113m2
Land Size
936m2
Local Government
Wellington
Lot/Plan
1/LP60808

Last Listing description (July 2023)

The opportunity to purchase a 3 bedroom open plan style home is on offer here. Polished floorboards, R/C Air Conditioner, and BIR's.
Investors or homeowners considering their future will seize this chance to either construct two townhouses at the rear of the existing house or remove the home and build 3/4 townhouses on the site (STCA).

All the while,, the lucky new owner can either live in this well presented home or lease it for $300 per week whilst considering its future. Alternately, leave as is and enjoy the massive rear yard. The choice is yours!

Properties in this price range are becoming difficult to find but to find one with sub-division potential is even more rare.

Prince Street is at the quiet end of the town and a leisurely 10 minute walk to shopping and medical facilities.. The Yarram High School is immediately around the corner.
Do not hesitate, this is a great investment property whatever, your future intentions may be.

Contact Tarra Real Estate on 03 5114 6552 / 0436 036 646

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

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Property History for 16 Prince St, Yarram, VIC 3971

A timeline of how this property has performed in the market
Last Sold
$425,000
28 Feb 2023
Listed for Rent
$180/w
13 Sep 2014
  • 28 Feb 2023
    Sold for $425,000
  • 08 Apr 2022
    Sold for $405,000
  • 15 Mar 2022
    Listed for Sale $465,000
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About Yarram 3971

The size of Yarram is approximately 110.9 square kilometres. It has 9 parks covering nearly 5.6% of total area. The population of Yarram in 2011 was 2,168 people. By 2016 the population was 2,123 showing a population decline of 2.1% in the area during that time. The predominant age group in Yarram is 60-69 years. Households in Yarram are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yarram work in a managers occupation. In 2011, 67.7% of the homes in Yarram were owner-occupied compared with 67.7% in 2016.

Yarram has 1,490 properties. Over the last 5 years, Houses in Yarram have seen a 71.30% increase in median value, while Units have seen a 84.22% increase. As at 30 September 2024:

  • The median value for Houses in Yarram is $389,699 while the median value for Units is $292,267.
  • Houses have a median rent of $375 while Units have a median rent of $228.
There are currently 20 properties listed for sale, and no properties listed for rent in Yarram on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Yarram.

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