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Back 12 Gavin Street
Off Market

12 Gavin Street

Norlane VIC 3214

6
6
1077 m²
Block of units
Last sold for $1,325,000
Eric LyEric Ly, last sold this property on 14 February 2024 after 131 days on market.

Overview

Ability to have 6 separate incomes in the increasingly popular suburb of Norlane. This property has loads of potential. Set on one title this 1,077m property will appeal to those seeking a high return investment, with minimal out goings and represents a great addition into a self-managed superfund. All having just recently been renovated. The 6 1 bedroom 1-bathroom properties have all been leased out. Totaling approximately $92,560 per annum representing an unprecedented above 7% return across the block. Add to this the potential growth in property prices in Norlane with its close proximity to transport, shopping centres and schools. In addition to the exceptional location, you could potentially strata title the units (STCA) or continue to value add to the property which could further increase incomes. This property represents a very attractive investment, where the potential is up to your imagination! If you have any further questions, please don't hesitate to contact Eric Ly ? 0435 895 281 Elsa Zhan

Features

6 bedrooms
6 bathrooms
1077 m² lot size
Block of units

Estimated Value

We need at least 3 similar 6 bedroom block of units sold in Norlane over the last 12 months.

Property history for 12 Gavin Street

2024
Rented
Undisclosed
Leased on 27 Feb 2024 by Harcourts North Geelong
2024
Sold
$1,325,000
Private Sale/Treaty on 14 Feb 2024 by Eric Ly, of Harcourts North Geelong
2023
Rented
Undisclosed
Leased on 11 Dec 2023 by Harcourts North Geelong

Happy sellers in Norlane

85%
85% of sellers in Norlane reported that their sale price either exceeded or met their price expectations.

Norlane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Norlane over the last 12 months.

Local market activity for 6 bedroom block of units in Norlane

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Norlane

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Ali Bandari

Sellers who recommend Ali Bandari have praised them for being clear communication, local expert, responsive, reliable, honest, empathetic and friendly

  •   5   (110 reviews)
  •  8 Reviews in Norlane
  •  39 Sales in Norlane
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Kade Camilleri

Kade Camilleri is an award winning recommended agent for Norlane.  They have 5 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (269 reviews)
  •  4 Reviews in Norlane
  •  5 Sales in Norlane
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Rachael Taylor

Sellers who recommend Rachael Taylor have praised them for being clear communication, local expert, honest, friendly, supportive, responsive and hard-working

  •   4.9   (211 reviews)
  •  2 Reviews in Norlane
  •  1 Sale in Norlane
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Eric Ly

Eric Ly is a recommended agent for Norlane.  They have 16 local sales and collected 1 local review across the last 12 months.

  •   5   (4 reviews)
  •  1 Review in Norlane
  •  16 Sales in Norlane
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