Nestled in a serene cul-de-sac at 1/28 Northcote Road, this 1920-built residential dwelling on cross-lease title boasts wood exterior walls and an iron roof. It features 3 spacious bedrooms, a bathroom, and a carpark, with a floor area of 131 square meters. The property has an average wall and roof condition and sits on a level contour, perfect for both investors and first-home buyers. Notably, the capital value has seen a steady increase, rising from $355,000 in 2019 to $360,000 in 2022, indicating a growth rate of 1.41%. The HouGarden AVM estimates the property's value at $335,000, while the latest sale was recorded at $199,000 in 2024, offering a intriguing investment opportunity.
With a rich educational backdrop, the property falls within the zones of esteemed institutions such as Christ the King School and Villa Maria College, both with high decile ratings. Other nearby schools include Middleton Grange, Emmanuel Christian, Casebrook Intermediate, and more, catering to various educational needs and levels. This makes the property an excellent choice for families with children.
Currently tenanted with a flexible lease, this property presents a golden opportunity for those seeking a passive income or a cozy home in a desirable school zone. The spacious layout, easy-care lawn, and off-street parking are added bonuses to this already attractive package.
Updated on June 05, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.03 km | 2 | 104m2 | Year 2024 Month 10 Day 07 | $380,000 | Council approved | ||
 | 0.25 km | 2 | 1 | 66m2 | Year 2024 Month 09 Day 30 | - | Council approved | |
 | 0.24 km | 2 | 1 | 66m2 | Year 2024 Month 09 Day 16 | $549,000 | Council approved | |
 | 0.37 km | 3 | 1 | 105m2 | Year 2024 Month 08 Day 12 | $416,000 | Council approved | |
 | 0.29 km | 2 | 1 | 100m2 | Year 2024 Month 06 Day 21 | - | Council approved |