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Sold on 22 Jan 2025 - Price Unavailable

68 Grieve Parade
Altona VIC 3018

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 1013m2
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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. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 8 bedroom BlockOfUnits sold in Altona in the last 12 months.

Building Type
BlockOfUnits
Land Size
1013m2

Last Listing description (January 2025)

Unlock the potential of a 1,013m² land parcel with 4 units.

This is your golden ticket to real estate success! This large 1,013m2 land block in a desirable location offers a unique opportunity for investors and developers. This property features 8 bedrooms, 4 bathrooms, and 4 car spaces across 4 leased units, offering instant income potential.

Conveniently located just steps from bus transport at Civic Parade, Pier Street shops, cafés, Cherry Lake Reserve, and Altona Beach, this area offers an ideal lifestyle. Each unit offers a comfortable 2-bedroom, 1-bathroom, 1-car space layout, fetching attractive rental returns ranging from $320 to $325 per week.

Visionary developers take the opportunity to transform this approximately 1,013m² space into a custom masterpiece (subject to council approval). Located just 220 meters from Altona College, this property offers a great opportunity due to high demand for new homes in the area.

This property provides endless opportunities for both investors looking for quick returns and developers with big dreams. Don't miss out on this unparalleled investment opportunity!

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Property History for 68 Grieve Pde, Altona, VIC 3018

A timeline of how this property has performed in the market
Last Sold
22 Jan 2025
Listed for Rent
$145/w
25 Jul 2007
  • 22 Jan 2025
    Sold for $1,400,000
  • 18 Apr 2024
    Listed for Sale Under Contract
  • 10 Jul 2020
    Listed for Rent - Price not available
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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 7,594 properties. Over the last 5 years, Houses in Altona have seen a 15.39% increase in median value, while Units have seen a 15.32% increase. As at 28 February 2025:

  • The median value for Houses in Altona is $1,134,657 while the median value for Units is $669,613.
  • Houses have a median rent of $620 while Units have a median rent of $528.
There are currently 38 properties listed for sale, and 12 properties listed for rent in Altona on OnTheHouse. According to CoreLogic's data, 347 properties were sold in the past 12 months in Altona.

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