14/58 Ballarat StreetYarraville VIC 3013
Property Details for 14/58 Ballarat St, Yarraville
14/58 Ballarat St, Yarraville is a 1 bedroom, 2 bathroom Unit and was built in 1890. The property has a land size of 1544m2. While the property is not currently for sale or for rent, it was last sold in September 2014.
Last Listing description (November 2014)
Outstanding Landmark Investment With Secure Lease Until 2018
OPEN FOR INSPECTION THURSDAY 24TH JULY FROM 12.15PM - 12.45PM
Rare corner freehold in the Yarraville Village
Profitable investment with impeccable rental payment history
- One of Yarraville s oldest hotels
- Renovated building with immaculate presentation
- Large corner block with on- site parking
- Good size under floor wine cellar
- Approxmiately 120sqm of floor space
- Net lease, tenant pays all outgoings, as per lease
- Annual CPI increases
- Net Income: $45,243 per annum plus GST
Offers in excess of $800,000 (circa 5.66% net return)
Deadline for Offers 3pm Tuesday 29th July (OFFERS PRIOR TO DEADLINE WILL BE CONSIDERED)
Property History for 14/58 Ballarat St, Yarraville, VIC 3013
- 10 Sep 2014Sold for $860,000
- 05 Jul 2014Listed for Sale $910,000
- 21 Sep 2006Sold for $460,000
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0About Yarraville 3013
The size of Yarraville is approximately 5.7 square kilometres. It has 19 parks covering nearly 13.7% of total area. The population of Yarraville in 2011 was 13,747 people. By 2016 the population was 14,989 showing a population growth of 9.0% in the area during that time. The predominant age group in Yarraville is 30-39 years. Households in Yarraville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yarraville work in a professional occupation. In 2011, 66% of the homes in Yarraville were owner-occupied compared with 64.7% in 2016.
Yarraville has 8,463 properties. Over the last 5 years, Houses in Yarraville have seen a 7.85% increase in median value, while Units have seen a 3.09% increase. As at 31 October 2024:
- The median value for Houses in Yarraville is $1,133,766 while the median value for Units is $648,948.
- Houses have a median rent of $660 while Units have a median rent of $550.
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