Property Details for 1/2 Rimbool Rd, Grovedale
1/2 Rimbool Rd, Grovedale is a 4 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (October 2024)
Investor Alert - over 6% return for last 10 years
If you're looking for high and immediate return on investment in a current growth suburb, then look no further. Records show recent income of $620/week and a long-term average of over 6% rental income for this well set up and low maintenance four-bedroom house.
Conveniently situated in a super handy location, just a 2-minute walk to the bus stop for Waurn Ponds Deakin University, Epworth Hospital, shopping centre and CBD, the home has ample space for students and workers alike.
Impressive modern kitchen with plenty of storage, bench space and breakfast bar through to meals area or study space and access to huge undercover entertainment deck.
Bathed in northerly light, the huge living zone has AC unit and gas central heating, with warm polished hardwood floors throughout, new curtains and front veranda for breakfast in the morning sunshine.
Off a central hallway are 4 bedrooms, all with built in robes, and updated oversized central bathroom. Separate laundry with option to add value and convert to a second bathroom.
Low maintenance rear yard enjoys evening sunshine and side gate access. Front door also has ramp access. Driveway has up to 4 car spaces and a single carport, in a quiet street.
Subject to compliance, the home has potential as a share house, assisted living or even the short-term rental market. But equally, the home presents as an opportunity for renovators and first home buyers to enter this popular suburb at a rare price point.
Contact Ross Bywater (0457 888 113) for rental history, further information and to arrange a private inspection. Now available for vacant possession.
Property History for 1/2 Rimbool Rd, Grovedale, VIC 3216
- 04 Oct 2024Sold for $520,000
- 24 Sep 2024Listed for Sale $480,000 - $520,000
- 18 Mar 2024Listed for Rent $520 per week
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About Grovedale 3216
The size of Grovedale is approximately 7.0 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2016 was 14308 people. By 2021 the population was 14869 showing a population growth of 3.9% in the area during that time. The predominant age group in Grovedale is 20-29 years. Households in Grovedale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation.In 2021, 68.90% of the homes in Grovedale were owner-occupied compared with 70.50% in 2016.
Grovedale has 7,556 properties. Over the last 5 years, Houses in Grovedale have seen a 29.27% increase in median value, while Units have seen a 20.75% increase. As at 28 February 2026:
- The median value for Houses in Grovedale is $779,841 while the median value for Units is $515,659.
- Houses have a median rent of $530 while Units have a median rent of $450.
Suburb Insights for Grovedale 3216
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