16 Newman St, Glen Iris is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2008. The property has a land size of 260m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
This well-appointed three bedroom, two bathroom home built in 2008 is ideal for the investor. A 260m2 block means very low maintenance to the outside yet the home is big enough for a growing family. The open plan design puts all living areas together leading to an alfresco and small garden area to the rear.Located in a sought after area close to the Bunbury Farmers Market and schools, it will provide a good return on your investment with good potential for capital growth in the current market.The property has a lease currently in place until September 2023 rented at $380 per week with the potential for a $50 increase to be made in March 2023.Property Features:Galley kitchenKitchen/dining/living open planSplit system reverse cycle aircon to main living areaVinyl flooring to living areas and passagesGood sized master bedroom with en-suite bathroomRobes, ceiling fans and quality carpets to all bedroomsLow maintenance groundsOutdoor alfresco area Gas HWSDouble carportFor a private viewing please contact Jim Evans on 0410 303 777
The size of Glen Iris is approximately 4.9 square kilometres. It has 6 parks covering nearly 1.7% of total area. The population of Glen Iris in 2011 was 2,880 people. By 2016 the population was 3,007 showing a population growth of 4.4% in the area during that time. The predominant age group in Glen Iris is 0-9 years. Households in Glen Iris are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glen Iris work in a trades occupation. In 2011, 70.3% of the homes in Glen Iris were owner-occupied compared with 68.8% in 2016.
Glen Iris has 1,536 properties. Over the last 5 years, Houses in Glen Iris have seen a 94.78% increase in median value, while Units have seen a 66.12% increase. As at 31 July 2024:
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