Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh

Bacchus Marsh, Shire of Moorabool, VIC, 3340

$ 781,000

Bacchus Marsh, Shire of Moorabool, VIC, 3340
Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-0
Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-1
Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-2

Property Images

Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-0 Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-1 Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh-2

Overview

Property ID: LA-3979

  • House and Land
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 169

Details

Updated on Sep 30, 2024 at 12:22 am

Property Type: House and Land
Price: $ 781,000
Land Price: $ 387,000
Build Price: $ 394,000
Gross Per Week: $ 878
Gross Per Annum: $ 36,400
Gross Yield: 5.85%
Capital Growth 12 Months: -4.48%
Capital Growth 10 Year Annualised: 5.70%
Vacancy Rate: 1.90%
Property Size: 169 m2
Land Area: 591 m2
Bedrooms: 3
Bathrooms: 3
Parking: 2
Title Status: Q3 2023
Property ID: 3979
SKU: 2000

Description

*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*

Located in Bacchus Marsh and just 50km from the Melbourne CBD, Orchard Square is bordered by existing housing and benefit from quick access to major arterial roads including Hallets Way and the Western Freeway.

As a major town on the Western Freeway, Bacchus Marsh and its surrounds have long been known as a source of employment and lifestyle living. With extremely fertile soil and natural resources on its fringes, the area has a strong connection to agriculture and extraction industries

Just minute’s drive from the site, the recently refurbished Village Shopping Centre in the heart of Bacchus Marsh offers locals a ‘one-stopshop’ venue anchored by Coles, Aldi, Target, Liqourland and over 45 specialty stores.

The area is well serviced by kindergartens, primary & secondary schools, offering residents of the municipality a multitude of options for their P-12 education. Additionally, the Bacchus Marsh Community College and Western Institute of Technology provide vocational education to the immediate area.

Boasting everything from plunging gorges and glacial valleys to lush forests and wildflowers in bloom, the state parks surrounding Bacchus Marsh are ideal destinations for nature lovers. Lerderderg Gorge, Werribee Gorge, Long Forest Nature Reserve, Additionally, the Bacchus Marsh Community College and Western Institute of Technology provide vocational education to the immediate area. and the tall timbers of the Wombat State Forest are all in easy reach. Bottle mineral water right from the spring by the Lerderderg River or venture further afield to be overwhelmed by springtime colour in the Brisbane Ranges.

Orchard Square benefits from its location on the Western Freeway with easy access eastbound to the Melbourne CBD (50 mins) via several large towns and employment districts including Melton, Caroline Springs, Derrimut and Sunshine. Alternatively, residents may travel westbound to Ballarat (42 Mins) or southbound via the Geelong-Bacchus Marsh road to Victorias second largest city, Geelong (56 mins).

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 49 – Co-living Orchard Square Estate W/ 5-Yr 6-7% Rental Guarantee – Bacchus Marsh
City Shire of Moorabool
State VIC
Postcode 3340
Suburb Bacchus Marsh

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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This property is a single-contract property suitable for an SMSF.

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