42 Myrtle Street, Noble Park - VIC

Is this a good investment? Lets take a look below...



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Is the property in distress?

View the levels of for sale distress and the full (current) on market sales history for this property.

Let's see if the vendor might be getting itchy for a sale.

This property is currently not on the market

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Current Property (On Market) Listing History

Date Source Listing Discount
18 Sep, 2013 www.domain.com.au - View Price Not Listed
15 Apr, 2013 www.realestate.com.au - View $415,000
23 Mar, 2013 www.realestate.com.au - View Auction
These are archive listing, actual listing dates for this property at or before the time stated above may vary. This property is displayed for archiving purposes.
Market Appraisal Property Details Analyse Noble Park

Does this property suit your strategy?

It is critical that the suburb, the street and the property match your personal investment strategy.

The below information is just the tip of the iceberg.

What public housing is located in the same street as this property?

Social or public housing generally has a negative effect on the street appeal, desirability and demand for property that is located nearby.
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0%

25%

50%

75%

100%

SUBURB: 4.6% Public Housing

STREET: 15.5% Public Housing

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Not Recommened
Flipping
Recommened
Cash Flow
Recommened

Compared to the suburb, in the street do people rent or own?

A flipping strategy requires high owner occupier density, cashflow and capital growth strategies require high tenancy density
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50% | 50%

SUBURB: 63% Owner Occupiers

STREET: 63% Owner Occupiers

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Recommened
Flipping
Not Recommened
Cash Flow
Recommened

Compared to the suburb, in the street are there mostly houses or units?

It is best to not invest against the grain. If there are a large number of houses in the street, it is generally what tenants demand in that part of the suburb - presenting the best investment.
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50% | 50%

SUBURB: 57% Houses

STREET: 78% Houses

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Recommened
Flipping
Recommened
Cash Flow
Recommened

Compared to the suburb, does this street have above or below average rent?

We have found it best, for a cashflow or capital growth strategy, to invest in streets of higher than average rent when compared to the suburb overall.
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$200pw

$250pw

$300pw

SUBURB: $260pw rent

STREET: $210pw rent

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Not Recommened
Flipping
Recommened
Cash Flow
Not Recommened

Compared to the suburb, does this street have above or below average income?

We have found it best, for a cashflow or capital growth strategy, to invest in streets of higher than average income when compared to the suburb overall.
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$500pw

$600pw

$700pw

SUBURB: $600pw income

STREET: $570pw income

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Not Recommened
Flipping
Recommened
Cash Flow
Not Recommened

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Enter your Name and email address and we will send you a comprehensive market report for this property.

Compared to the suburb, does this street have above or below average rental yield?

We have found it best, for a cashflow or capital growth strategy, to invest in streets of higher than average yield when compared to the suburb overall.
bulletsuburbstreet

4%

5%

5%

SUBURB: 4.2% yield

STREET: 4.2% yield

Recommended Strategy(s):

Based on who lives in this street, what strategies are recommended for this property?
Capital Gains
Recommened
Flipping
Recommened
Cash Flow
Recommened

Property details and comparable sales

Based on the sales description used by the agent and the property details, let's look for some comparable sales to gauge value.

Selling agent property sales description and basic details

42 Myrtle Street, Noble Park - VIC - 1...

3 Baths

1 Cars

4 Beds

House

What is the estimated condition of this property?

Based on the sentiment and actual text used to describe this property by the selling agent, Ripehouse has estimated the condition of the property.

Average Condition

Estimated condition
Normal
Confidence in the condition of this property

Recent Comparable Sold Properties

Based on the recency of sale, location, condition, bedrooms and property type we have located the Six(6) closest comparables.
Date Sold Listing Type Address Cond. Prop. Type Beds Dist. away Asking Price

11/11/2014

Sold

17 Larbert Road (View)

Poor

House

4

NA

$695000

11/11/2014

Sold

361 Princes Hwy (View)

Average

House

4

NA

$520000

27/02/2015

Sold

1 Eden Court (View)

Good

House

4

NA

$565000

20/01/2015

Sold

5 Parramatta Crescent (View)

Average

House

4

NA

$551000

27/02/2015

Sold

23 Parramatta Cres (View)

Poor

House

4

NA

$525000

05/12/2014

Sold

17 Lee Street (View)

Good

House

4

NA

$455000

14/11/2014

Sold

1 Barratt Court (View)

Average

House

4

NA

$460000

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Suburb Strategy

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