FOR SALE
$949,500

48 Lorensen Avenue
Coburg North VIC 3058

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APPROVED PLANS AND PERMITS

48 Lorensen Ave, Coburg North
*Expression of Interest* Available for a limited time… Rani Realty proudly presents an opportunity a life time, tucked in a beautifully situated cul-de-sac, linked by a picturesque park to Merlynston Village shops and cafes, this enticing site comes with plans and permits for 3 stunning new townhouses. Make the neat existing two bedroom house your home or say hello to fresh possibilities and shape the future to suit. Construct three sophisticated new three bedroom, two bathroom, single garage abodes, as per the permits, or follow your own dream and transform, build new or develop accordingly (subject to relevant approvals). With a lounge, kitchen/meals, big bedrooms and lots of outdoor space, the present home includes OSP and plenty of scope. Trains are also just a short stroll, schools nearby and Merri Creek Trail within easy reach, as are buses, shopping centres, the Ring Road and hospitality hotspots, ensuring its a locale set for a fantastic future. ☎️ Abdul Chaarani 0492 958 418

Property Details for 48 Lorensen Ave, Coburg North

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About Coburg North 3058

The size of Coburg North is approximately 4.9 square kilometres. It has 20 parks covering nearly 18.4% of total area. The population of Coburg North in 2011 was 6,575 people. By 2016 the population was 7,615 showing a population growth of 15.8% in the area during that time. The predominant age group in Coburg North is 30-39 years. Households in Coburg North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg North work in a professional occupation. In 2011, 66.7% of the homes in Coburg North were owner-occupied compared with 66% in 2016.

Coburg North has 5,171 properties. Over the last 5 years, Houses in Coburg North have seen a 24.31% increase in median value, while Units have seen a 16.38% increase. As at 31 October 2024:

  • The median value for Houses in Coburg North is $1,040,559 while the median value for Units is $692,586.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 21 properties listed for sale, and 17 properties listed for rent in Coburg north on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Coburg north.

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Abdul Chaarani
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