1 Fourth Ave, West Moonah is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1998. The property has a land size of 527m2 and floor size of 96m2.
SUPER INCOME FOR A LEISURELY RETIREMENT!
ORIGINALLY CONSTRUCTED IN THE EARLY 1900S, THIS SUBSTANTIAL BRICK HOME HAS BEEN EXTENDED AND REDESIGNED TO ACCOMMODATE FIVE UNITS, ALL ON ONE TITLE AND ALL CURRENTLY HOUSING EXCELLENT LONG-TERM TENANTS ON A MONTH-TO-MONTH BASIS. WHILST THE CURRENT RETURN IS MOST ATTRACTIVE, THE PROPERTY HAS BEEN PROFESSIONALLY ASSESSED AT HAVING THE POTENTIAL TO ACHIEVE A SIGNIFICANTLY HIGHER RETURN. THE COMPLEX, WHICH INCLUDES 2 X 2 BEDROOM UNITS, 3 X 1 BEDROOM UNITS, EXCEPTIONAL PARKING AND PLENTY OF SUB-FLOOR STORAGE/WORKSHOP AREA, OCCUPIES A LAND AREA OF APPROXIMATELY 1250M2 WHICH MAY HAVE FURTHER POTENTIAL FOR STRATA/SUBDIVISION (STCA). AN EXCELLENT OPPORTUNITY TO SUPPLEMENT RETIREMENT INCOME WITH A QUALITY PROPERTY PORTFOLIO!
ADDITIONAL FEATURE - 2 X 2BRM UNIT AND 3 X 1BRM UNITS
OFF STREET PARKING FOR 1 VEHICLE PER UNIT.
The size of West Moonah is approximately 1.8 square kilometres. It has 9 parks covering nearly 9.0% of total area. The population of West Moonah in 2016 was 4012 people. By 2021 the population was 4522 showing a population growth of 12.7% in the area during that time. The predominant age group in West Moonah is 30-39 years. Households in West Moonah are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West Moonah work in a professional occupation.In 2021, 57.40% of the homes in West Moonah were owner-occupied compared with 60.60% in 2016.
West Moonah has 1,947 properties. Over the last 5 years, Houses in West Moonah have seen a 38.82% increase in median value, while Units have seen a 36.27% increase. As at 31 December 2025:
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