121 Macpherson StreetNhill VIC 3418
Property Details for 121 Macpherson St, Nhill
Last Listing description (April 2025)
Located in the heart of Nhill, this property is the ideal investment for savvy investors. Offering easy access and convenience to all the amenities you need including nearby schools, shops, and parks. Currently the property has a retail business and residential lease, making it an excellent investment with dual income. The retail business is a hair salon which has been located at the property long period of time. It offers a salon area, large waiting room, beauty room and rear office/storage room. There is also a toilet which is located outside. The residence displays 3 good sized bedrooms plus office. Spacious lounge room featuring high ceilings and split system heating and cooling. The country style kitchen is located across two connecting rooms and gas stove and butlers pantry area. The bathroom and laundry are incorporated together and has separate shower, vanity and laundry trough. There is also a separate toilet and storage room. Outside offers rear lane access, poly rainwater tank, built in carport and garden shed.
Contact us today to arrange a private inspection of this ideal investment property currently returning approximately 6.8%. Don't delay, as opportunities like this are rare. Don't miss out on this fantastic opportunity to secure an affordable property in a prominent location.
Property History for 121 Macpherson St, Nhill, VIC 3418
- 24 Mar 2025Sold for $220,000
- 31 Jan 2025Listed for Sale $235,000
- 14 Mar 2018Sold for $110,000
Recent sales nearby
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About Nhill 3418
The size of Nhill is approximately 942.8 square kilometres. It has 6 parks covering nearly 0.1% of total area. The population of Nhill in 2016 was 2184 people. By 2021 the population was 2401 showing a population growth of 9.9% in the area during that time. The predominant age group in Nhill is 50-59 years. Households in Nhill are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Nhill work in a labourer occupation.In 2021, 73.30% of the homes in Nhill were owner-occupied compared with 75.70% in 2016.
Nhill has 1,594 properties. Over the last 5 years, Houses in Nhill have seen a 87.15% increase in median value, while Units have seen a 87.35% increase. As at 31 January 2026:
- The median value for Houses in Nhill is $271,158 while the median value for Units is $357,166.
- Houses have a median rent of $330.
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