87 Marco Ave, Panania is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 734m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Presenting ~ an outstanding opportunity to purchase a potential packed piece of real estate in a prime time location. This generous sized block of land totals 727sqm with a 15.24m frontage and is only a 3 minute walk to Panania shopping village and train station. Savvy investors will love the excellent tenants currently paying $550pw while enjoying strong capital growth from the vast land size in the highly sought after position.
Property features include:
* Large 3 bedroom single level home located on the high side of the street
* Prime time position, Right at Panania shopping village and train station
* Loaded with potential with over 727sqm of land
* Sunny north facing aspect
* Quality timber kitchen with stainless steel electrical cooking appliances
* Well-presented bathrooms plus 2nd toilet
* Covered entertainment area overlooking large backyard for the family to enjoy Sunday
bbq's
* Built in wardrobes to all 3 bedrooms + ceiling fans
* Single Carport + off street parking for 4 more vehicles
* Options for home extension, add a granny flat, build your dream home or Duplex
development (S.T.C.A.)
* Potential future re-zoning from R2 to R4 allowing for Multi-level residential unit
development (S.T.C.A.)
* Street natural gas connection to property
* Excellent tenants, currently paying $550pw
* Enjoy easy access to local parklands & schools
DISCLAIMER: All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Property Code: 322
The size of Panania is approximately 4.7 square kilometres. There are 21 parks, covering nearly 15.8% of the total area. The population of Panania in 2016 was 12419 people. By 2021 the population was 13507 showing a population growth of 8.8% in the area during that time. The predominant age group in Panania is 40-49 years. Households in Panania are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Panania work in a professional occupation.In 2021, 68.30% of the homes in Panania were owner-occupied compared with 69.70% in 2016.
Panania has 5,515 properties. Over the last 5 years, Houses in Panania have seen a 39.36% increase in median value, while Units have seen a 31.12% increase. As at 31 May 2026:
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