Lot TH2 - 11 Walora Parade - West Foorscary
West Footscary, Melbourne, VIC, 3012$ 950,000
Overview
Property ID: LA-7183
- Town House/Unit
- Property Type
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Cars
- 37
Details
Updated on Oct 10, 2024 at 01:00 pm
Property Type: | Town House/Unit |
---|---|
Price: | $ 950,000 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 450 |
Gross Per Annum: | $ 23,400 |
Gross Yield: | 2.46% |
Capital Growth 12 Months: | -2.70% |
Capital Growth 10 Year Annualised: | 3.54% |
Vacancy Rate: | 1.39% |
Property Size: | 37 m2 |
Land Area: | 148.2 m2 |
---|---|
Bedrooms: | 2 |
Bathrooms: | 2 |
Parking: | 1 |
Title Status: | N/A |
Property ID: | 7183 |
SKU: | 1001 |
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us*
West Footscray, located about 8 km west of Melbourne's CBD, is a dynamic and culturally diverse suburb that has grown in popularity in recent years. Historically working-class, the area has undergone significant gentrification, attracting young professionals, families, and creative types due to its affordability compared to inner-city suburbs, its vibrant character, and its proximity to the city.
West Footscray offers a variety of local amenities that cater to different tastes and lifestyles. The suburb is home to several parks and recreational spaces, including Johnson Reserve and Hansen Reserve, which are popular for sporting activities, playgrounds, and picnics. The West Footscray Community Centre provides a hub for local activities, workshops, and events, fostering a strong sense of community. Barkly Street is one of the main streets in West Footscray, lined with cafes, eateries, and specialty stores that reflect the suburb’s multicultural makeup, with an array of Indian, Vietnamese, and African food options.
Shopping in West Footscray is convenient, with the Central West Shopping Centre offering supermarkets, retail stores, and essential services. For more extensive shopping, residents can head to the nearby Highpoint Shopping Centre in Maribyrnong, which is one of the largest shopping malls in Melbourne, providing a wide range of retail, dining, and entertainment options. The local Footscray Market also draws in residents and visitors alike, known for its fresh produce, seafood, and international food stalls.
In terms of education, West Footscray is served by a mix of public and private schools. West Footscray Primary School is well-regarded by locals for primary education, while Footscray High School provides secondary schooling. There are also several early childhood education centres and kindergartens in the area, making it an attractive suburb for families with young children. Additionally, Victoria University has a campus in nearby Footscray, offering tertiary education and vocational training.
Transportation is one of the strengths of West Footscray. The suburb is well-served by public transport, with West Footscray and Tottenham railway stations providing easy access to Melbourne’s CBD and other parts of the city via the Sunbury line. Bus routes also run through the suburb, connecting residents to nearby areas like Yarraville, Seddon, and Footscray. For those driving, the suburb's location near major roads such as the Princes Highway and the West Gate Freeway makes commuting to the city or further west a breeze.
Disclaimer*
Reservation Requirements:
1. Completed EOI (Property Reservation form under Fusion CRM Online Forms)
2. Holding deposit receipt (amount TBA)
3. Copy of client's finance pre-approval letter/comfort letter from the broker
4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
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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.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.