Back 5/74 Keilor Rd
Off Market

5/74 Keilor Rd

Essendon North VIC 3041

1
1
1
0 m²
Apartment
Ryan PaganRyan Pagan, last sold this property on 10 February 2021 after 523 days on market.

Overview

Move In or Continue to Reap Exceptional Returns

Statement of information is located at https://s3-ap-southeast-2.amazonaws.com/zenu/LISTING_IMAGES/2-1385154/cf410644-235a-4ca8-b6b3-f265fa5bc60a.pdf . Please copy & paste this information into your browser address bar. Now available to Owner Occupiers and First Home buyers is this extremely large 1 bedroom apartment, situated on the 1st floor of this low rise, boutique complex of only 12 apartments. With ideal position facing North, providing plenty of natural light. Featuring a BIG open plan providing plenty of room to move leading to an excellent sized private balcony. Modern kitchen with stone benches, stainless steel appliances (including gas cooking) and glass splashbacks. Double bedroom with built in robes and natural light. Study desk area, European style laundry, heating, cooling and a secure basement car space on title. Currently ran under the short stay Summer Inn Apartments, but it has been agreed to end this current lease to allow owner occupiers to move in. (NOTE: the apartment is so large, there is also the possibility to convert this apartment to a 2 bedroom Subject to Council approval) Or Investors stay in the current lease. Existing 5 year lease commencing on the 9th October 2017 (expiring in 2022) returning $449.70 per week, with agreed 4% increases annually. Having NO vacancy periods or letting fees, this apartment is a safe and ideal investment. *** COVID-19 Announcement *** Our office is committed to ensuring the safety of our staff and the general public, and in line with current government guidelines, we are NOT conducting open for inspections. If you have arranged a private viewing, you will be subject to strict criteria and guidelines upon attendance, including but not limited to: - Displaying no symptoms of any kind - Not touching any surface or hands being placed in pockets at all times - Maintaining a distance of 1.5m from any staff member in attendance -No children in attendance at viewings - Lift usage restrictions FAILURE TO COMPLY WITH ANY VERBAL INSTRUCTION BY A STAFF MEMBER WILL RESULT IN TERMINATION OF ANY PRIVATE VIEWING.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Essendon North over the last 12 months, the estimated median property value of 5/74 Keilor Rd is $373k.

Median value
$373k
Estimated value range
$285k - $428k
Median days on market
26
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Essendon North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/74 Keilor Rd

2021
Rented
Undisclosed
Leased on 31 Aug 2021 by Melbournia
2021
Sold
Undisclosed
10 Feb 2021 by Ryan Pagan, of Pagan Real Estate

Happy sellers in Essendon North

63%
63% of sellers in Essendon North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 14 reviews in Essendon North over the last 12 months.

Local market activity for 1 bedroom apartments in Essendon North

In the last 12 months, 15 one-bedroom apartments similar to 5/74 Keilor Rd, have been sold.

This represents a 18% increase in one-bedroom apartments sales when compared to the previous 12 months.

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