24 Francis StreetTraralgon VIC 3844
Property Details for 24 Francis St, Traralgon
24 Francis St, Traralgon is a 1 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 667m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (January 2018)
24-26 Francis Street is an ideal property for those buyers wanting a secure rental return prior to the eventual development of the whole unit site. The property consists of 5 rental units on a large allotment 1231m2 (approx.) and frontage of 34.9m2 (approx.). It is on 2 titles and comprise 4 x 2 bedroom units and 1 x 1 bedroom unit. The leases have in the main been renewed and currently the weekly income is $745 per week.
The units are not strata titled, hence there is no body corporate.
The property is ideally situated being around 10 -12 minutes' walk to the CBD and railway station.
The expenditure for the last financial year was $11,080.74 (ex rates) which included plumbing works, lawn mowing, water usage, management costs etc. The plumbing included capital works and with closer attention to the other expenses, a better return will be realized for the ensuing year.
Vendor Statements are available on request as well as dissection of expenses.
The vendor is keen to sell as he has moved away from the area. If you have enquired previously and wish to revisit/make an offer - now is a good time.
Price Reduced to $340,000
New enquiries also welcome.
For further information, contact Bill McMahon at Ray White Traralgon, 0417312255.
Property History for 24 Francis St, Traralgon, VIC 3844
- 07 Mar 2018Sold for $180,000
- 28 Nov 2017Sold for $180,000
- 29 May 2017Listed for Sale $340,000
Recent sales nearby
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About 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 15,578 properties. Over the last 5 years, Houses in Traralgon have seen a 64.30% increase in median value, while Units have seen a 52.11% increase. As at 31 December 2025:
- The median value for Houses in Traralgon is $611,156 while the median value for Units is $339,794.
- Houses have a median rent of $488 while Units have a median rent of $370.
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