OFF MARKET

126 Corunna Avenue
Melrose Park SA 5039

Bedrooms: 3
Bathrooms: 1
Car spaces: 8
Floor area: 111m2
Land area: 686m2
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Property Details for 126 Corunna Ave, Melrose Park

126 Corunna Ave, Melrose Park is a 3 bedroom, 1 bathroom House with 8 parking spaces and was built in 1959. The property has a land size of 686m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in July 2015.

Building Type
House
Year Built
1959
Floor Size
111m2
Land Size
686m2
Local Government
Mitcham
Lot/Plan
A184/D3417

Last Listing description (July 2015)

Original neat and tidy 1959 home set on a 731m2 allotment with wonderful flexibility for the dual purpose of living in the home and operating a business in the factory/office/storage facility at the rear - flexible for multiple uses depending on your needs. Fabulous corner site with access available from Stephen Street directly into the factory and garage through glass doors on the left hand side and a roller door on the right hand side. This space could easily be rented potentially to two different tenants if required and the house to a third tenant.
The home offers 3 bedrooms, kitchen with adjacent dining area, bathroom, separate wc and laundry facilities. Whilst the carport will accommodate one vehicle, there is extra off street parking for at least another 2 vehicles.
A few steps from the back door and you can be at the factory which will provide facilities for many different business interests with the flexibility of industry/commerce (Melrose Park) zone within the Mitcham Council. The factory is approximately a total of 19 x 13 metres and has a concrete floor. Currently the entire space is utilised mainly as a storage facility. There is also another freestanding garage for extra storage space.

A rare opportunity for the savvy investor!
Specifications:
CT / 5640/608
Council / City of Mitcham
Zone / IN/CMEL'13
Built / 1959
Land / 731m2
Internal / 109m2
Council Rates / $1380.13pa
SA Water / $$211.70pq
ES Levy / $262.35pa

Property History for 126 Corunna Ave, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$490,000
24 Jul 2015
  • 24 Jul 2015
    Sold for $490,000
  • 10 Jun 2015
    Listed for Sale $490K
  • 22 Sep 2006
    Sold for $330,000

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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016.

Melrose Park has 1,181 properties. Over the last 5 years, Houses in Melrose Park have seen a 73.83% increase in median value, while Units have seen a 69.82% increase. As at 30 September 2024:

  • The median value for Houses in Melrose Park is $1,070,122 while the median value for Units is $562,706.
  • Houses have a median rent of $585 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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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.