109 Lee Street
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About this property
INVESTMENT SNAPSHOT * Currently leased at $ 540 per week * Estimated gross yield of 4.5% (based on asking price) * Built in 2022 â 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 â appeals to family tenants * Open-plan living with alfresco â a key lifestyle feature * Walk-in pantry with power â a standout renter upgrade * Double remote garage with internal access * Fully fenced yard â ideal for long-term tenants LOCATION AND DEMAND DRIVERS * Walking distance to Stratford Primary School â consistent family demand * Low-vacancy area with strong rental demand * Short drive to local shops and amenities * Rural outlook over farmland â 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 Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 2
- Land Area
- 668 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Stratford
This 4-bedroom house in Stratford, VIC 3862 sits within reach of public transport, local shops and nearby schools. It is listed 0% below the $599,949 median of 39 comparable houseswithin 5 km.
Schools near Stratford
- Stratford Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Dawson St/McFarlane St (bus) — 1.2 km away
- IGA Liquor — 1.4 km away
- Swan Park — 814 m away
- Stratford Historical Museum — 1.3 km away
- Unnamed — 1.4 km away
Stratford at a glance
Full suburb profile- Population
- 2,980
- Median age
- 39
- Household income
- $1,419/wk
- Median rent
- $290/wk
- Median mortgage
- $1,308/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Stratford price trend
Median sold · House 4 bed
Compound growth +6.6% / yr over 4 yrs
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Full Stratford marketThis listing
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Price history
Listing price changes
2 price changes recorded for this property
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