5 Baker St, Wyndham is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2009. The property has a land size of 1687m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in May 2008.
7.2% Returns Plus Land...
Rare for many reasons in Wyndham this property boasts not only a modern 4 bedroom, 2 bathroom home approximately 4 years young with a long term government lease, but also extra room to the rear of the huge 1687 sqm block which could be further developed.
The existing house has a lease through to 01/09/18 with fixed annual reviews being the greater of CPI or 2%. With the rent to be $959.44 weekly equivalent effective 01/09/13, this represents a current return of just over 7.2%. This is before taking into account the rest of the block before any further improvements are added.
The size of Wyndham is approximately 943.4 square kilometres. It has 13 parks covering nearly 47.7% of total area. The population of Wyndham in 2011 was 1,001 people. By 2016 the population was 765 showing a population decline of 23.6% in the area during that time. The predominant age group in Wyndham is 0-9 years. Households in Wyndham are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wyndham work in a community and personal service occupation. In 2011, 36.3% of the homes in Wyndham were owner-occupied compared with 33.2% in 2016.
Wyndham has 710 properties. Over the last 5 years, Houses in Wyndham have seen a 98.23% increase in median value, while Units have seen a -42.70% decrease. As at 31 October 2024:
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