42 Myrtle Street, Noble Park - VIC

Should I invest in this property? Let's take a look below...

Is the property in distress?

View the level of For Sale distress PLUS the full (current) on-market 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

But we are still able to generate a current market appraisal report and analyse its location

Past 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.
Property Details

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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 @ Ripehouse...
Hint Hint

What is my strategy?

Here at Ripehouse we like to keep things simple...

We help investors, just like you, to DISCOVER what it takes to succeed whilst executing your investment strategy.

Our "Buyers guide to investment property" is a great way to get up to speed with what is required to achieve sensational results - deal after deal!

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Jacob Field

Jacob Field - Founder and Investor

Is there public housing nearby?

Social or public housing generally has a negative effect on the street appeal, desirability and demand for properties 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

Do residents rent or own in this street?

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
HintHint

How to FLIP like a pro?

Are you looking to renovate this property to sell and generate short term profit?

Absolutely critical to executing a flipping strategy successfully is knowing how many houses and owner occupiers live in the street of interest.

Blog Post: View the TOP 10 FLIPPING Suburbs across australia TODAY

Jacob Field

Jacob Field - Founder and Investor

Are there mostly houses or units nearby?

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 area or street 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
HintHint

House or Unit?

This is the 64 million dollar question!

But in reality, the absolute best class of property is that which is most in demand in the street and suburb in question.

Invest with the grain - do not be left holding a white elephant!

Free "Know your strategy" e-book

Are RENTS above or below average in this street?

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
HintHint

CASH IS KING!

High rents, high incomes and high yield.

These numbers are the positive cashflow BIG THREE.

Make sure they are all in sync at a suburb and street level.

Blog Post: View the TOP 10 (POSITIVE) CASH FLOW Suburbs across australia TODAY

Jacob Field

Jacob Field - Founder and Investor

Do residents have high or low INCOMES in this street?

For a cashflow or capital growth strategy, it is advised 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
HintHint

DIY Property Investors

YOU ARE DEDICATED TO BUILDING THE LIFE AND THE RETIREMENT OF YOUR DREAMS.

Discover what it takes to secure spectacular property deals - develop a professional's mindset!

Special webcast event

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Jacob Field

Jacob Field - Founder and Investor

Download a free property report

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

Are YIELDS above or below average in this street?

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

2%

4%

5%

SUBURB: 4.2% yield

STREET: 2.8% 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 suit me?

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.
Hint Hint

BUY below market

We can help you assess the condition, location, strategy and the comparable sales data to determine the TRUE market value for every property in Australia.

Learn how to BUY below market value - deal after deal.

Blog Post: Top 10 CAPITAL GROWTH suburbs in Australia TODAY

Jacob Field

Jacob Field - Founder and Investor

Date Sold Listing Type Address Cond. Prop. Type Beds Asking Price

05/12/2014

Sold

17 Lee Street (View)

Good

House

4

$455000

11/11/2014

Sold

17 Larbert Road (View)

Poor

House

4

$695000

11/11/2014

Sold

361 Princes Hwy (View)

Average

House

4

$520000

08/08/2015

Sold

16 Dunblane Road (View)

Average

House

4

$620000

27/02/2015

Sold

23 Parramatta Cres (View)

Poor

House

4

$525000

23/07/2015

Sold

93 Bloomfield Rd (View)

Average

house

4

$506000

08/08/2015

Sold

4 Abbey Court (View)

Average

house

4

$632000

Download a free property report

Enter your Name and email address and we will send you a comprehensive market appraisal report for this property.
Analyse this property
Free Property Report Analyse Noble Park

Suburb Strategy

Free Property Report Analyse Noble Park

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