Sold

1 & 2/5 Elizabeth Street,
Stawell 3380, Victoria

4 bedrooms
2 bathrooms
2 car spaces
830m² land size
Unit

$385,000


Property details

Dual Income Earner!

Smart investment opportunity! Investors, what a rare opportunity to buy 2 x 2 bedroom, low maintenance units, centrally located, set on a large 830 sq.m approx block. With a long term rental history and a booming rental market, this opportunity is not to be missed.

With a combined expected rental return of $500 p/w, $26,000 p.a, 6.2% returns = solid returns for first time investors or to add to your portfolio. Unit 2 is currently rented at $230 p/w ( market rent would be $250 per). Unit 1 is occupied by the Vendor who is willing to rent the property back from settlement at $250 p/w.

Both units offer open plan living with 2 good sized bedrooms, neat kitchens that offer ideal storage and bench space and electric cooking, the toilet is separate to the bathroom, front patio/ decks, carports and both have recently updated hot water units.

The units have separate power and gas meters, unit 1 has a fairly new R/c split-system plus also a wall air-conditioner. Unit 2 has a gas heater and wall air conditioner. A versatile property with plenty of scope to renovate and increase the rental returns, rent both units, occupy 1 or both units.

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


School catchments

  • Stawell Primary School Primary Prep-6 Government 0.43km
  • Stawell West Primary School Primary Prep-6 Government 1.2km
  • St Patrick's School Primary Prep-6 Catholic 1.7km
  • Concongella Primary School Primary Prep-6 Government 4.8km
  • Great Western Primary School Primary Prep-6 Government 12.7km

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

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

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


Back to top