Lot TH3 - 166 Francis Street - Yarraville
Yarraville , Melbourne, VIC, 3013$ 700,000
Overview
Property ID: LA-7174
- Town House/Unit
- Property Type
- 2
- Bedrooms
- 1
- Bathrooms
- 1
- Cars
- 29
Details
Updated on Oct 10, 2024 at 01:00 pm
Property Type: | Town House/Unit |
---|---|
Price: | $ 700,000 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 550 |
Gross Per Annum: | $ 28,600 |
Gross Yield: | 4.09% |
Capital Growth 12 Months: | -1.98% |
Capital Growth 10 Year Annualised: | 2.40% |
Vacancy Rate: | 1.48% |
Property Size: | 29 m2 |
Land Area: | 66.64 m2 |
---|---|
Bedrooms: | 2 |
Bathrooms: | 1 |
Parking: | 1 |
Title Status: | N/A |
Property ID: | 7174 |
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*
Yarraville, located about 6 km west of Melbourne’s CBD, is a charming, vibrant suburb known for its village-like atmosphere and strong sense of community. Over the past few decades, it has transformed from an industrial working-class area into one of Melbourne's most desirable inner-west suburbs, attracting families, young professionals, and creatives. The suburb’s streets are lined with beautifully preserved Victorian and Edwardian homes, tree-lined avenues, and a mix of modern townhouses, giving it a unique blend of old-world charm and modern living.
The heart of Yarraville is its lively village centre, centred around Ballarat Street, where you'll find an array of cafes, boutique shops, restaurants, and independent retailers. One of the most iconic features of Yarraville is the Sun Theatre, an Art Deco cinema built in the 1930s, which remains a popular landmark and community hub. The village atmosphere is one of Yarraville’s greatest strengths, with locals enjoying the relaxed, pedestrian-friendly streets, bustling markets, and the abundance of outdoor seating at cafes.
When it comes to dining, Yarraville offers a diverse range of options, from trendy brunch spots to fine dining restaurants. The local food scene reflects the suburb’s growing cosmopolitan vibe, with cuisines ranging from modern Australian to Italian, Thai, and Middle Eastern. Many residents enjoy the weekend markets, where fresh produce, artisanal foods, and handmade crafts are sold.
Yarraville also boasts plenty of green spaces, which contribute to its family-friendly appeal. The Yarraville Gardens is one of the suburb’s largest parks, offering expansive lawns, BBQ areas, and playgrounds, making it a popular spot for picnics and outdoor activities. For those who enjoy fitness, cycling, or walking, the nearby Maribyrnong River provides scenic walking paths and bike trails.
In terms of education, Yarraville is home to a number of reputable schools, making it a popular choice for families. Yarraville West Primary School and St. Augustine’s Primary School are among the well-regarded local options. There are also a number of childcare centres and early learning facilities in the area, ensuring that families with young children are well-catered to.
Transportation in Yarraville is another key factor that adds to its popularity. Yarraville Railway Station is located right in the village centre, offering frequent and direct train services to Melbourne’s CBD via the Werribee and Williamstown lines. The train ride to the city takes less than 15 minutes, making Yarraville an ideal location for commuters. In addition, the suburb is close to major arterial roads like the West Gate Freeway, allowing easy access by car to the city, the western suburbs, and beyond. Several bus routes also service the area, adding to the convenience for local travel.
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.
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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.