109 Lee Street Stratford VIC 3862
For Sale $625,000
- Property Type House
- Land area approx 668sqm
- Region Gippsland
- Locality Wellington
- Garages 2
- Toilets 2
SET AND FORGET INVESTMENT IN STRATFORD
INVESTMENT SNAPSHOT
* Currently leased at $ 540 per week
* Estimated gross yield of 4.5% (based on asking price)
* Built in 2022 — significant depreciation benefits available
* Low-maintenance brick veneer construction
DEPRECIATION ADVANTAGE
* Built in 2022, this property falls well within the ATO capital works depreciation schedule, offering substantial tax benefits.
* Modern fixtures, fittings, and appliances maximise depreciation potential and improve after-tax returns.
DESIGNED FOR TENANT RETENTION
* Four bedrooms, two bathrooms — appeals to family tenants
* Open-plan living with alfresco — a key lifestyle feature
* Walk-in pantry with power — a standout renter upgrade
* Double remote garage with internal access
* Fully fenced yard — ideal for long-term tenants
LOCATION AND DEMAND DRIVERS
* Walking distance to Stratford Primary School — consistent family demand
* Low-vacancy area with strong rental demand
* Short drive to local shops and amenities
* Rural outlook over farmland — lifestyle appeal supporting resale value
With a solid 4.5% gross yield, modern depreciation advantages, and proven tenant appeal, this is a set-and-forget investment in a high-demand location.
Property Features
- Built In Wardrobes
- Fully Fenced
- Remote Controlled Garage Door
- Secure Parking
- Water Tank
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Veronica DaviesLJ Hooker Bairnsdale