FOR SALE
$1,400,000 - $1,540,000

68 Grieve Parade
Altona VIC 3018

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 1013m2
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Auction Time
Sat 7 Dec 2:00 pm
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Investment Opportunity: Prime Development Site with Secure Leased Units

Unlock the Potential: 1,014m2 Land Parcel with 4 Units
This is your golden ticket to real estate success! Nestled within a sought-after locale, this expansive 1,014m2 block of land presents a rare opportunity for astute investors and developers alike. Boasting 8 bedrooms, 4 bathrooms, and 4 car spaces spread across 4 securely leased units, this property promises immediate income generation.
Strategically positioned mere steps away from Civic Parade bus transport, Pier Street shops and cafes, Cherry Lake Reserve, and the idyllic Altona Beach, convenience and lifestyle are at your fingertips. Each unit offers a comfortable 2-bedroom, 1-bathroom, 1-car space layout, fetching attractive rental returns ranging from $320 to $325 per week.
For visionary developers, seize the chance to reimagine this 1,014m2 canvas (approx.) into a bespoke masterpiece (STCA). Positioned a mere 220 meters from Altona College, the demand for new residences in this coveted neighborhood is ever-present, making this property an enticing prospect for those with an eye for opportunity.
Whether you're an investor seeking immediate returns or a developer with grand aspirations, this property offers endless possibilities limited only by your imagination. Don't miss out on this unparalleled investment opportunity!
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Property Details for 68 Grieve Pde, Altona

68 Grieve Pde, Altona is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1013m2. The place is currently for sale with Ray White Point Cook.

Building Type
BlockOfUnits
Land Size
1013m2

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About Altona 3018

The size of Altona is approximately 16.6 square kilometres. It has 31 parks covering nearly 21.2% of total area. The population of Altona in 2011 was 9,918 people. By 2016 the population was 10,759 showing a population growth of 8.5% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation. In 2011, 67.1% of the homes in Altona were owner-occupied compared with 64.2% in 2016.

Altona has 7,522 properties. Over the last 5 years, Houses in Altona have seen a 9.63% increase in median value, while Units have seen a 13.24% increase. As at 31 October 2024:

  • The median value for Houses in Altona is $1,045,515 while the median value for Units is $659,900.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 36 properties listed for sale, and 6 properties listed for rent in Altona on OnTheHouse. According to CoreLogic's data, 324 properties were sold in the past 12 months in Altona.

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Paul Tsigeridis
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Ash Mahajan
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Ray White Point Cook
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