1 Parkwood WayTraralgon VIC 3844
Property Details for 1 Parkwood Way, Traralgon
1 Parkwood Way, Traralgon is a 5 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1985. The property has a land size of 681m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last transferred in July 2016.
Last Listing description (September 2023)
Unit 1:
This unit boasts 3 spacious bedrooms that are flooded with abundant natural light.
Currently leased at $350 per week, it provides immediate rental income.
The estimated market rent for this unit is approximately $360 per week.
The well-sized main bathroom includes a stand-up shower, bathtub, and a separate toilet with its own access.
The functional kitchen offers ample storage space, modern gas cooking facilities, and an adjacent meals area.
The open plan living areas are complemented by a split system air-conditioning unit.
The fully fenced, low maintenance backyard provides a hassle-free upkeep experience.
Convenient undercover car parking is available for added convenience.
Located in Traralgon's West End, it is close to schools and sporting facilities, enhancing its appeal.
Unit 2:
This unit features 2 spacious bedrooms, offering comfortable living spaces.
It is currently leased at $240 per week, generating a steady stream of rental income.
The estimated market rent for this unit ranges from $300 to $320 per week, providing potential for increased returns.
Similar to Unit 1, it includes a well-sized main bathroom with a stand-up shower, bathtub, and a separate toilet.
The functional kitchen is equipped with modern gas cooking facilities and offers ample storage.
An open plan living area creates a welcoming atmosphere.
Like Unit 1, it also benefits from a split system air-conditioning unit.
The fully fenced backyard requires low maintenance, ensuring a hassle-free living experience.
Convenient undercover car parking is available, enhancing convenience for residents.
Combined Investment Opportunity:
This investment opportunity is ideal for first home buyers or savvy investors.
The combined weekly rental income from both units is approximately $590 per week, providing a strong cash flow.
With potential for an estimated market rent of $660 to $680 per week, there is room for increased returns in the future.
Property History for 1 Parkwood Way, Traralgon, VIC 3844
- 13 Jul 2023Listed for Sale $649,900
- 11 Jul 2016Transferred
- 01 May 1988Sold for $77,000
Recent sales nearby
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0About Traralgon 3844
The size of Traralgon is approximately 56.3 square kilometres. It has 78 parks covering nearly 4.3% of total area. The population of Traralgon in 2016 was 24933 people. By 2021 the population was 26907 showing a population growth of 7.9% in the area during that time. The predominant age group in Traralgon is 30-39 years. Households in Traralgon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation.In 2021, 71.00% of the homes in Traralgon were owner-occupied compared with 68.80% in 2016.
Traralgon has 15,636 properties. Over the last 5 years, Houses in Traralgon have seen a 63.99% increase in median value, while Units have seen a 50.52% increase. As at 31 March 2026:
- The median value for Houses in Traralgon is $650,117 while the median value for Units is $386,856.
- Houses have a median rent of $500 while Units have a median rent of $360.
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