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2 Vickers Court, Kennington VIC 3550

Spacious Allotment With Plenty Of Potential

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$900k - $950k Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 3 Cars 817 m²

Listed: 13 hours ago

Overview

This property presents an exceptional opportunity for discerning buyers seeking a versatile investment or a spacious residential allotment in the quiet Kennington area. The registered seven-room rooming house has demonstrated strong income potential, currently yielding approximately $1,750 per week, which amounts to around $91,000 annually at full occupancy. This ready-to-go investment is freshly renovated externally and requires no immediate maintenance, making it an ideal 'set and forget' proposition with a professional management solution already established.

Set on a generous 817 square meter allotment, the home includes two bathrooms, multiple split system air conditioning units, and ample parking with a carport and additional off-street spaces to accommodate residents or guests. A sizeable 4-meter by 7.5-meter shed adds valuable storage or workshop space to the property.

Adding significant future value, the site holds a planning permit and certified plan for a two-lot subdivision. Buyers with an eye for potential can complete the necessary works to unlock substantial equity uplift. Alternatively, the large allotment offers an attractive family lifestyle option for those who value space and the prospect to customize their dream home.

Strategically located close to La Trobe University, local schools, retail shopping, and the Bendigo CBD, the property benefits from strong local amenities and convenient access to education and commerce. Whether for investors aiming at an income-producing asset or families looking for room to grow, this property's blend of current returns and future potential creates a compelling proposition.

Local Market Insights

In Kennington, Quiet Listings observed 109 new houses entering the market over the last 30 days, up from 54 during the previous 30-day period, with an average advertised asking price of $737,789. The property type mix of listed properties is predominantly Houses at 83%, followed by units (9%), and townhouses (4%). The most active agency for houses in the Kennington area is currently Bendigo Real Estate, representing 39% of new listings, followed by PRD Nationwide with 11%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.