FOR SALE
$290,000 - $300,000

601B/1 Colombo Street
Mitcham VIC 3132

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Unbeatable Value in Mitcham's Heart

This is perhaps the best value apartment in this sought-after suburb. A modern one-bedroom apartment that offers comfort, convenience, and affordability in a prime location.
Step inside to find an open-plan living and dining area that opens onto a private balcony, perfect for your morning coffee or evening relaxation. The kitchen boasts stainless steel appliances and ample storage, making meal prep a breeze. The bedroom comfortably fits a queen-sized bed and includes a built-in robe, while the stylish bathroom doubles as a laundry, optimizing space efficiency.
Key features include:
-Secure allocated car space
-Split-system heating and cooling for year-round comfort
-Video security system for peace of mind
-Plenty of natural light throughout
Located in a vibrant neighborhood, you'll be just moments from Mitcham train station, buses, local shops, and cafes. The building greets residents with a landscaped courtyard, and on-site cafes add to the ambiance.
Whether you're a first-home buyer, downsizer, student, city-commuter, or savvy investor, this property presents an excellent opportunity. With a potential rental of $380 per week, it's an attractive option for those looking to enter the property market or expand their portfolio.
Don't miss your chance to secure this fantastic value apartment. With its unbeatable location and modern amenities, you might find you rarely need to use your car!
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Property Details for 601b/1 Colombo St, Mitcham

601b/1 Colombo St, Mitcham is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with OBrien Real Estate - Blackburn.

Building Type
Apartment

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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 9,245 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 45 properties listed for sale, and 4 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Mitcham.

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Michael Szitarity
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OBrien Real Estate - Blackburn
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