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22 Ritchie Street,
Ouyen 3490, Victoria

3 bedrooms
1 bathroom
House

$197,000

Property details

How does a 9%-10% return sound?!

Recently updated three bedroom home in the rural Mallee township of Ouyen. Numerous renovations have been undertaken at the property over the past months. Loungeroom with combustion wood heating & split system heating/cooling plus ducted evaporative cooling. New kitchen with freestanding electric cooktop/oven and the property has been freshly painted internally. New loose-lay vinyl flooring in the living areas, while the bedrooms retain the original carpet. Central bathroom and internal laundry, which leads onto the deck, plus paved alfresco area. Garage/shed with concrete floor, lights and power plus additional wood shed. Large established tree at the rear of the yard will provide ample shade in the warmer months. With a current rental appraisal of $340 - $360 per week, this represents an expected 9%-10% return. Situated on a rectangular 682m2 allotment. The kids can walk to P-12 school and sporting facilities, while the stunning Ouyen Lake is nearby. This is great buying; whether you are looking at getting into your own home or securing your first investment property!

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Ouyen P-12 College Combined Prep-12 Government 0.30km
  • Tempy Primary School Primary Prep-5 Government 32.2km
  • Underbool Primary School Primary 1-6 Government 47.7km
  • Manangatang P-12 College Combined Prep-12 Government 51.2km
  • Nangiloc Colignan and District Primary School Primary Prep-6 Government 66.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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