38 Stanhope StreetBroadmeadows VIC 3047
Property Details for 38 Stanhope St, Broadmeadows
38 Stanhope St, Broadmeadows is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 697m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Broadmeadows in the last 12 months.
Last Listing description (October 2024)
Welcome to 38 Stanhope Street, a prime property nestled in the heart of Broadmeadows, one of Melbourne's most rapidly evolving suburbs. This spacious allotment presents an exceptional opportunity for astute investors and developers eager to capitalize on the area's transformation.
Key Features:
* Prime Location: Centrally situated in Broadmeadows, this property offers convenient access to essential amenities, public transport, schools, and recreational facilities.
* Current Rental Income: The property currently earns $550 per week in rental income, delivering a steady cash flow for investors.
* Future Potential: Broadmeadows is undergoing a significant transformation, making it a hotspot for property investment. The area's growth and development enhance the potential for substantial capital appreciation.
* Development Opportunity: With plans for three townhouses (subject to Council Approval), this property is poised to meet the high demand for modern, well-designed homes.
Why Invest in Broadmeadows?
Broadmeadows is rapidly evolving, drawing new residents and businesses. Its strategic location and ongoing development make it a prime investment destination. Investing in this property means more than acquiring land; it is an investment in the future of Broadmeadows.
Act Now Before Market Prices Surge!
This is a rare chance to secure a property in a suburb poised for growth. Don't miss out on this opportunity. Whether you're looking for rental income or a new development project, 38 Stanhope Street is your gateway to a lucrative future.
Contact us today for more information or to arrange a viewing. Seize this opportunity to be part of Broadmeadows' exciting transformation-your investment journey starts here!
Property History for 38 Stanhope St, Broadmeadows, VIC 3047
- 24 Oct 2024Sold
- 21 Aug 2024Listed for Sale 550000-600000
- 31 Mar 2022Listed for Rent $350 / week
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About Broadmeadows 3047
The size of Broadmeadows is approximately 8.4 square kilometres. It has 13 parks covering nearly 14.2% of total area. The population of Broadmeadows in 2011 was 10,579 people. By 2016 the population was 11,981 showing a population growth of 13.3% in the area during that time. The predominant age group in Broadmeadows is 20-29 years. Households in Broadmeadows are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broadmeadows work in a labourer occupation. In 2011, 56.3% of the homes in Broadmeadows were owner-occupied compared with 47.1% in 2016.
Broadmeadows has 6,256 properties. Over the last 5 years, Houses in Broadmeadows have seen a 9.06% increase in median value, while Units have seen a 7.70% increase. As at 30 September 2024:
- The median value for Houses in Broadmeadows is $576,451 while the median value for Units is $434,262.
- Houses have a median rent of $480 while Units have a median rent of $450.
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