FOR SALE
UNDER CONTRACT

70 Loch Street
Coburg VIC 3058

Bedrooms: 23
Bathrooms: 11
Car spaces: 15
Land area: 1388m2
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High Profile Corner Development Site

This prominent corner block features dual street frontages providing the opportunity
to deliver a premium project within a major growth corridor
The key attributes of this opportunity include:
- Prime site area of 1388m2
- High traffic location with great exposure
- Buses on doorstep
- Walk to Coburg Train Station, Coburg Market & Shops
- Short drive to Melbourne University & Preston Market
- Close proximity to CBD & Tullamarine Airport
- Immediate income stream from 11 tenanted apartments
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Property Details for 70 Loch St, Coburg

70 Loch St, Coburg is a 23 bedroom, 11 bathroom BlockOfUnits with 15 parking spaces. The property has a land size of 1388m2. The place is currently for sale with Leaders Real Estate Group.

Building Type
BlockOfUnits
Land Size
1388m2

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About Coburg 3058

The size of Coburg is approximately 7 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2011 was 24,976 people. By 2016 the population was 26,172 showing a population growth of 4.8% in the area during that time. The predominant age group in Coburg is 30-39 years. Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation. In 2011, 65.8% of the homes in Coburg were owner-occupied compared with 62.8% in 2016.

Coburg has 14,472 properties. Over the last 5 years, Houses in Coburg have seen a 23.06% increase in median value, while Units have seen a 12.70% increase. As at 31 October 2024:

  • The median value for Houses in Coburg is $1,220,430 while the median value for Units is $592,986.
  • Houses have a median rent of $693 while Units have a median rent of $530.
There are currently 63 properties listed for sale, and 26 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 538 properties were sold in the past 12 months in Coburg.

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Evelyn Chin
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Leaders Real Estate Group
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