OFF MARKET

99 Richmond Avenue
Melrose Park SA 5039

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 87m2
Land area: 751m2
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Property Details for 99 Richmond Ave, Melrose Park

99 Richmond Ave, Melrose Park is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1955. The property has a land size of 751m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
House
Year Built
1955
Floor Size
87m2
Land Size
751m2
Local Government
Mitcham
Lot/Plan
A49/D3428

Last Listing description (April 2023)

Sitting pretty on 754 square metres (approximately) of utter opportunity, this solid-brick 1950s home is so much more exciting than perhaps meets the eye; giving savvy investors, first homebuyers and big dreamers the perfect foundation in what has quickly become a suburb of choice between the sea and city.

Delve deeper and you'll discover soon to be approved plans to build two NDIS homes; food for thought if you're looking to develop (subject to planning consents), then set and forget.

Or is this the site for the dream build on a block with plenty of room for a stomping house with pool (subject to planning consents) and all? Either way, the existing solid brick home with timber floors, high ceilings and functional kitchen ensures you can bide your time, whether you live in or rent it out.

There's more:
- Ideally placed in a quiet, family friendly suburb
- Off-street parking for multiple cars
- Built-in robes to both bedrooms
- Air conditioning provisions and fireplace
- Separate laundry
- Undercover entertaining
- Low-care rear yard
- Large shed

A block from Rozelle Reserve and less than two from cafe-laden Winston Avenue, there's a lot to love well before you even consider the public transport, Castle Plaza, range of schools and much more on Melrose Park's radar. The fresh start you've been looking for.

CT / 5253/790
Year built / 1955
Equivalent Building Area / 128sqm (approx.)
Land Size / 754sqm (approx.)
Council / City of Mitcham
Council Rates / $1,450.15 p.a.
Water & Sewer / $174.91 p.q.
ESL / $149 p.a.
Torrens Title
Zoning / SN - Suburban Neighbourhood\\
Frontage / 17m
Depth / 42m

Speak to TURNER Property Management about managing this property
#expectmore
RLA 62639

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Property History for 99 Richmond Ave, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$775,000
19 Apr 2023
Listed for Rent
$395/w
17 Feb 2023
  • 19 Apr 2023
    Sold for $775,000
  • 16 Mar 2023
    Listed for Sale $740,000 - $799,000
  • 03 Feb 2023
    Listed for Rent $395 / week
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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 1,192 properties. Over the last 5 years, Houses in Melrose Park have seen a 79.62% increase in median value, while Units have seen a 81.30% increase. As at 30 November 2024:

  • The median value for Houses in Melrose Park is $1,057,787 while the median value for Units is $588,204.
  • Houses have a median rent of $598 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 1 property listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Melrose park.

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