FOR SALE
$1,300,000 - $1,350,000

18 Purches Street
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 927m2
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Calling all Developers & Builders! Prestige Development Site approx. 927sqm (20.5m x 45.1m)

This exciting development site is located within easy walking distance of Heatherdale train station and local buses, popular schools, plus Simpsons Park, Somers Trail and Heatherdale Reserve close to the Eastern Freeway and a variety of shopping precincts including the recently renovated Eastland.
The assisting home boasts three double bedrooms and a central bathroom, a large living room that flows to a combined dining-family room and a spacious, light-filled kitchen, the second has its own entry, plus two further bedrooms and a second bathroom.
The large backyard is a blank canvas, whilst notable additions include high ceilings, decorative cornices, gas heating, polished floorboards and a double lock-up garage, the home is in well-presented, original condition, and ready for the next family to move in, there is certainly scope however to renovate or multi townhouse development (STCA). This property is currently tenanted with a lease of $600 per week.
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Property Details for 18 Purches St, Mitcham

Building Type
Land
Land Size
927m2

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About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2011 was 14,812 people. By 2016 the population was 16,136 showing a population growth of 8.9% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation. In 2011, 73.1% of the homes in Mitcham were owner-occupied compared with 69.8% in 2016.

Mitcham has 9,249 properties. Over the last 5 years, Houses in Mitcham have seen a 16.56% increase in median value, while Units have seen a 18.91% increase. As at 31 October 2024:

  • The median value for Houses in Mitcham is $1,169,075 while the median value for Units is $790,437.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 48 properties listed for sale, and 5 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Mitcham.

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Kenny Lau
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Rick Lin
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