FOR SALE
$880,000 - $920,000

5 Surrey Crescent
Oakleigh East VIC 3166

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 640m2
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Auction Time
Sat 30 Nov 11:00 am
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PRIME DEVELOPMENT OPPORTUNITY: MULTI-UNIT POTENTIAL

5 Surrey Crescent presents a unique investment opportunity for homeowners or developers seeking to maximize the property's potential. Currently a 3-bedroom, 1-bathroom house with a single garage, this property sits on a generous 640 sqm (approx.) with a favorable layout, this site offers versatile possibilities of development (STCA). Whether you're considering a multi-unit subdivision or a custom-built new home, the potential here is impressive. The existing home also provides renovation potential, and adding a second property in the rear would significantly enhance the site's overall value.
Nearby are top educational institutions, including Monash University's Clayton Campus and a variety of primary schools, such as Clayton North Primary School and Huntingdale Primary School. Just a short distance from Monash Medical Centre, Huntingdale Train Station, Clayton Train Station and the bustling Clayton shopping plaza.
Residents enjoy proximity to Chadstone Shopping Centre and Oakleigh Central as well, offering extensive shopping, dining, and entertainment options. With nearby parks like Brickmakers Park and Huntingdale Golf Club, there are ample outdoor activities, ensuring a balanced lifestyle in this desirable Oakleigh East location.
*Photo ID required at all First National JXRE open for inspections and auctions. First National JXRE may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number. Please note that properties listed for auction may be sold prior.
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs.
http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 5 Surrey Cres, Oakleigh East

5 Surrey Cres, Oakleigh East is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 640m2. The place is currently for sale with First National JXRE.

Building Type
House
Land Size
640m2

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About Oakleigh East 3166

The size of Oakleigh East is approximately 2.1 square kilometres. It has 6 parks covering nearly 5.4% of total area. The population of Oakleigh East in 2011 was 5,972 people. By 2016 the population was 6,432 showing a population growth of 7.7% in the area during that time. The predominant age group in Oakleigh East is 20-29 years. Households in Oakleigh East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh East work in a professional occupation. In 2011, 62.8% of the homes in Oakleigh East were owner-occupied compared with 61.4% in 2016.

Oakleigh East has 3,490 properties. Over the last 5 years, Houses in Oakleigh East have seen a 26.24% increase in median value, while Units have seen a 13.97% increase. As at 30 September 2024:

  • The median value for Houses in Oakleigh East is $1,294,049 while the median value for Units is $835,858.
  • Houses have a median rent of $650 while Units have a median rent of $623.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Oakleigh east on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Oakleigh east.

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