20 Lucerne AvenueMornington VIC 3931
Property Details for 20 Lucerne Ave, Mornington
20 Lucerne Ave, Mornington is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1691m2.
Last Listing description (April 2024)
SIX INDIVIDUALLY TITLED UNITS
This established 6 unit strata title complex is the perfect investment vehicle, with steady income for you or your SMSF now, and with excellent re-development potential (STCA) into the future to take advantage of a sought after beachside location and 1691sqm (approx.) of space.
The existing leases for each 2 bedroom unit pay a total of $125,000 per annum (approx.) and have been recently reviewed to market rates and are a mixture of fixed and periodic tenancies. A generous common property driveway provides vehicular access to each single carport and allows for garden privacy between each unit and additional parking.
An enterprising new owner may also decide to renovate each unit and then sell them separately at a time of their choosing. Nearby public transport, medical and shopping facilities are all attractive to current and future tenants.
Please contact the listing agents for more detail on the individual leases and further information on the preferred sale terms.
Property History for 20 Lucerne Ave, Mornington, VIC 3931
- 16 Nov 2023Listed for Sale Not Disclosed
Recent sales nearby
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About Mornington 3931
The size of Mornington is approximately 21.3 square kilometres. There are 58 parks, covering nearly 13.4% of the total area. The population of Mornington in 2016 was 23989 people. By 2021 the population was 25759 showing a population growth of 7.4% in the area during that time. The predominant age group in Mornington is 70-79 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation.In 2021, 73.30% of the homes in Mornington were owner-occupied compared with 71.60% in 2016.
Mornington has 15,833 properties. Over the last 5 years, Houses in Mornington have seen a 3.12% increase in median value, while Units have seen a 12.25% increase. As at 30 June 2026:
- The median value for Houses in Mornington is $1,163,680 while the median value for Units is $832,745.
- Houses have a median rent of $745 while Units have a median rent of $618.
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