2/5 Elizabeth StreetStawell VIC 3380
Property Details for 2/5 Elizabeth St, Stawell
2/5 Elizabeth St, Stawell is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1975. The property has a land size of 830m2 and floor size of 76m2.
Last Listing description (December 2023)
Smart investment opportunity! Investors, what a rare opportunity to buy 2 x 2 bedroom, low maintenance units, centrally located, set on a large 830 sq.m approx block. With a long term rental history and a booming rental market, this opportunity is not to be missed.
With a combined expected rental return of $500 p/w, $26,000 p.a, 6.2% returns = solid returns for first time investors or to add to your portfolio. Unit 2 is currently rented at $230 p/w ( market rent would be $250 per). Unit 1 is occupied by the Vendor who is willing to rent the property back from settlement at $250 p/w.
Both units offer open plan living with 2 good sized bedrooms, neat kitchens that offer ideal storage and bench space and electric cooking, the toilet is separate to the bathroom, front patio/ decks, carports and both have recently updated hot water units.
The units have separate power and gas meters, unit 1 has a fairly new R/c split-system plus also a wall air-conditioner. Unit 2 has a gas heater and wall air conditioner. A versatile property with plenty of scope to renovate and increase the rental returns, rent both units, occupy 1 or both units.
Property History for 2/5 Elizabeth St, Stawell, VIC 3380
- 02 Aug 2023Listed for Sale Price Range $390,000 - $420,000
- 13 Dec 2021Listed for Rent - Price not available
- 18 Nov 2020Listed for Rent - Price not available
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About Stawell 3380
The size of Stawell is approximately 92.4 square kilometres. It has 20 parks covering nearly 7.9% of total area. The population of Stawell in 2016 was 6032 people. By 2021 the population was 6220 showing a population growth of 3.1% in the area during that time. The predominant age group in Stawell is 60-69 years. Households in Stawell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Stawell work in a labourer occupation.In 2021, 71.80% of the homes in Stawell were owner-occupied compared with 69.70% in 2016.
Stawell has 3,909 properties. Over the last 5 years, Houses in Stawell have seen a 57.62% increase in median value, while Units have seen a 65.46% increase. As at 31 October 2025:
- The median value for Houses in Stawell is $353,716 while the median value for Units is $295,298.
- Houses have a median rent of $400 while Units have a median rent of $260.
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