Back 6/7 Lake Ave
Off Market

6/7 Lake Ave

Mitcham VIC 3132

2
1
1
House

Overview

First Home Fantasy!

Of all the homes you have inspected so far this year, this is the one that will a) suit your budget and b) please your sense of style and your sensibility for further improvements. There is ample potential for investors to rent out this freshly painted 2 bedroom unit straight away, however, there is true value in buying, renovating, living in it for a few years THEN renting it out with great financial reward. You simply have to come and view this charming single-level home aptly named Pearl Cottage. Features: • lovely rear yard and terracotta paved entertaining space • undercover car accommodation • neat updated kitchen • plenty of storage • genuine leadlight front door Presented by PhilipWebb Real Estate.

Features

2 bedrooms
1 bathroom
1 carspace
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Mitcham over the last 12 months, the estimated median property value of 6/7 Lake Ave is $861.25k.

Median value
$861.25k
Estimated value range
$640k - $1.35m
Median days on market
25
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Mitcham. 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 6/7 Lake Ave

2023
Rented
Undisclosed
Leased on 15 Mar 2023 by Raine & Horne Blackburn
2019
Rented
Undisclosed
Leased on 28 Feb 2019 by Barry Plant Whitehorse
2019
Rented
Undisclosed
Leased on 31 Jan 2019 by Barry Plant Whitehorse

Happy sellers in Mitcham

92%
92% of sellers in Mitcham reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 36 reviews in Mitcham over the last 12 months.

Local market activity for 2 bedroom houses in Mitcham

In the last 12 months, 13 two-bedroom houses similar to 6/7 Lake Ave, have been sold.

This represents a 15% increase in two-bedroom houses sales when compared to the previous 12 months.

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