SOLD
Sold on 25 Sep 2024 for $4,500,000

480 Young Street
Albury NSW 2640

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4167m2
Sold By
Stanley & Martin
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Property Details for 480 Young St, Albury

Building Type
Land
Land Size
4167m2
Local Government
Albury City
Lot/Plan
11/DP1062825

Last Listing description (March 2013)

480 Young Street, Albury represents a rare opportunity to acquire one of the citys most prominent development sites. Located adjacent to the Albury Railway Station and within 300 metres of the main street, this enormous site offers two titles, a total land area of 8,334 sqm, Zoned B4 Mixed Use and has the capacity for a multi-level development (STCA). The property includes a single storey building previously used as a restaurant / club house. Zoned B4 Mixed Use under the Albury City Council's LEP Plan (2010), this site offers an exciting opportunity to those developers with vision to capitalise on the sites potential and should be investigated further by local & national retailers, moteliers and tourism operators together with residential and commercial developers looking to construct an iconic project on this landmark site. If Albury needed to be defined in a single word, it would be 'progessive'. With a population of more than 50,000 people, Albury is home to a bustling economy, world-class medical services, a vibrant cultural scene and sporting amenities to rival the capital cities. Around 8,000 local businesses of all sizes contribute to a gross regional product valued at $4.1 Billion including Centro Property Group, Norske Skog, Telstra Countrywide, Myer, Australian Taxation office and a long list of national and international companies.

Property History for 480 Young St, Albury, NSW 2640

A timeline of how this property has performed in the market
Last Sold
$4,500,000
25 Sep 2024
  • 25 Sep 2024
    Sold for $4,500,000
  • 05 Sep 2012
    Listed for Sale Sold

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About Albury 2640

The size of Albury is approximately 5.7 square kilometres. It has 17 parks covering nearly 30.8% of total area. The population of Albury in 2011 was 4,933 people. By 2016 the population was 4,795 showing a population decline of 2.8% in the area during that time. The predominant age group in Albury is 60-69 years. Households in Albury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Albury work in a professional occupation. In 2011, 57% of the homes in Albury were owner-occupied compared with 59.1% in 2016.

Albury has 3,997 properties. Over the last 5 years, Houses in Albury have seen a 71.40% increase in median value, while Units have seen a 105.55% increase. As at 31 October 2024:

  • The median value for Houses in Albury is $667,159 while the median value for Units is $449,746.
  • Houses have a median rent of $525 while Units have a median rent of $393.
There are currently 18 properties listed for sale, and 8 properties listed for rent in Albury on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Albury.

Suburb Insights for Albury 2640

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.