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43 Edgar Street, Werribee, VIC 3030, 9 Bedrooms, 9 Bathrooms, House

$1,400,000- $1,500,000

43 Edgar Street, Werribee, VIC 3030

9
9
9
843m2
HouseListed on Mon Oct 14
Price dropEstimated priceSouth West Melbourne

Werribee 9 Bedroom Circa 10% (approx. +/-) Returns on your investment dollars. Prime opportunity!

This is one of those opportunities that if you are capable of jumping on, you absolutely grab with both hands.

This nine room-rooming house attracts individual tenants with its serviced apartments that are primely located close to the Werribee CBD while also being quite comfortable and well appointed to your tenants keeping them in demand. Individually, this year they will attract a weekly rent of $350 per week ($18,200 Per Annum), remembering that there is nine of them, so this years' rent is expected at $163,800 (approx.) when you run the math?you are in the region of 8-9% return on investment (approx.) which is obscenely good and just not heard of.

The residence itself comprises of 9 individual rooms where they are all fully serviced with individual ensuites, queen sized bed, flat screen televisions, split system heating and cooling and a utility bench with sink, while the ground floor apartments also benefit from individual private court yards. Food preparation and laundry utilities are available via the common kitchen and meals/dining room comprising modern appliances including dishwasher and separate laundry complete with washing machine and dryer.

Off street parking is easily available with thanks to the properties 843M2 allotment (approx.), hence with a huge rear yard for parking or even entertaining guests.

Only a few kilometres from the Werribee CBD, your tenants have very simple access to shopping, public transport including the Werribee Train Station and an array of lifestyle options entailing caf?'s, parks, the Werribee River walking, bars and other night life.

Tenant's happy, TICK!

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Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Manorvale Primary School
0.59 km
Primary
Prep-6
Government
icsea: 941
Wyndham Central Secondary College
1.30 km
Secondary
7-12
Government
icsea: 915

Property history

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Werribee surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
20 Edgar Street, Werribee
0.30 km
4
2
-m2
Year 2024 Month 12 Day 17
$605,000
Council approved
2/165 Werribee Street North, Werribee
0.36 km
4
3
-m2
Year 2024 Month 12 Day 08
$580,000
Council approved
2/159 Greaves Street, Werribee
0.21 km
3
2
-m2
Year 2024 Month 11 Day 05
$495,000
Council approved
6B Parker Street, Werribee
0.31 km
3
2
129m2
Year 2024 Month 09 Day 18
$535,000
Council approved
1 Grant Avenue, Werribee
0.26 km
4
2
-m2
Year 2024 Month 09 Day 08
$665,000
Council approved

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Ref:3177783Last update:2025-01-06 11:21:46