121 Racecourse RoadYea VIC 3717
Property Details for 121 Racecourse Rd, Yea
Last Listing description (July 2023)
This amazing property situated on approx. 4 acres has excellent potential to do many things.
First of all, it would accommodate a large family having 5 bedrooms. All have built in robes with the main bedroom having 4 built in robes and full ensuite. Other rooms in the dwelling include formal lounge room, family living area, formal dining room, kitchen, meals area and laundry. There is good car accommodation with a triple carport provided.
Secondly, being in a low-density residential area gives it excellent potential for subdivision. One scope of thought is to leave the dwelling and improvements on 2 acres and subdivide the other 2 acres into 2 lots and sell them.
Thirdly, is the opportunity to run your business from home, whether you're a plumber, builder or whatever your trade is. A 12 x 9m studio all powered up and plumbed in will cater for that quite comfortably. It includes 2 toilets, bathroom and kitchenette.
Apart from these golden opportunities the home has good north-easterly views and 18 solar panels providing 4.8K.W of solar power to keep your electricity bills right down. The gardens are well established.
Let the astute investor take notice. An opportunity like this rarely comes up.
Property History for 121 Racecourse Rd, Yea, VIC 3717
- 06 Apr 2023Sold for $1,050,000
- 20 Oct 2022Listed for Sale $1,050,000 - $1,100,000
- 22 Jan 2015Listed for Sale PRICE BY NEGOTIATION OVER $600,000
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0About Yea 3717
The size of Yea is approximately 177.3 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Yea in 2011 was 1,594 people. By 2016 the population was 1,601 showing a population growth of 0.4% in the area during that time. The predominant age group in Yea is 60-69 years. Households in Yea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yea work in a trades occupation. In 2011, 75.4% of the homes in Yea were owner-occupied compared with 73.4% in 2016.
Yea has 1,414 properties. Over the last 5 years, Houses in Yea have seen a 34.45% increase in median value, while Units have seen a 33.97% increase. As at 31 October 2024:
- The median value for Houses in Yea is $529,867 while the median value for Units is $406,257.
- Houses have a median rent of $450 while Units have a median rent of $360.
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