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 9,308 properties. Over the last 5 years, Houses in Mitcham have seen a 6.08% increase in median value, while Units have seen a 1.41% increase. As at 31 January 2025:

  • The median value for Houses in Mitcham is $1,118,448 while the median value for Units is $693,203.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 28 properties listed for sale, and 9 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 392 properties were sold in the past 12 months in Mitcham.

What's around 18 Purches St, Mitcham

18 Purches St, Mitcham is in the school catchment zone for Antonio Park Primary School and Mullauna Secondary College.

Nearby Schools
Comparable Properties
Antonio Park Primary School
0.58km
Mitcham 3132
IN CATCHMENTPrimaryGovernmentP - 6Combined503 Enrolled
Rangeview Primary School
0.93km
Mitcham 3132
PrimaryGovernmentP - 6Combined582 Enrolled
St John's Primary School
1.66km
Euroa 3666
PrimaryNon-GovernmentCombined172 Enrolled
Mitcham Primary School
1.96km
Mitcham 3132
PrimaryGovernmentP - 6Combined410 Enrolled
Our Lady of Perpetual Help School
2.16km
Ringwood 3134
PrimaryNon-GovernmentP - 6Combined311 Enrolled
Ringwood Heights Primary School
2.19km
Ringwood North 3134
PrimaryGovernmentP - 6Combined271 Enrolled
Mullauna Secondary College
2.25km
Mitcham 3132
IN CATCHMENTSecondaryGovernment7 - 12Combined425 Enrolled
Vermont Primary School
2.27km
Address not found
PrimaryGovernmentP - 6Combined694 Enrolled
Aquinas College
2.34km
Ringwood 3134
SecondaryNon-Government7 - 12Combined1667 Enrolled
St Mary’s College for the Deaf – Ringwood Campus
2.37km
Ringwood 3134
SpecialNon-GovernmentCombined Enrolled

Suburb Insights for Mitcham 3132

Market Insights
Mitcham Trends for Houses
Median Value

$1.12M

9.51%
View Trend
Median Growth

-8.69%

View Trend
Median Rent

$620/W

8.77%
View Trend
Rental Yield

2.79%

12.50%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (03/24 - 01/25)
Mitcham Trends for Units
Median Value

$693k

4.62%
View Trend
Median Growth

-5.77%

View Trend
Median Rent

$550/W

12.24%
View Trend
Rental Yield

3.83%

5.22%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (03/24 - 01/25)
Neighbourhood Insights
Age

Population 16,136

0-9

 

13%

10-19

 

10%

20-29

 

13%

30-39

 

17%

40-49

 

15%

50-59

 

12%

60-69

 

9%

70-79

 

7%

80-89

 

3%

90-99

 

1%

Household Structure
Occupancy
Contact agent
Kenny Lau
Show contact details
Rick Lin
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MEGA CITY REAL ESTATE PTY LTD
Preferred contact:
BESbswy