123 Victoria AvenueAlbert Park VIC 3206
Property Details for 123 Victoria Ave, Albert Park
123 Victoria Ave, Albert Park is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 154m2 and floor size of 237m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (August 2023)
OBVIOUS
So Affordable, So Many Options!
Live & Work from home, or the perfect Investment with this two-storey Victorian shop front terrace with detached residential premises in the heart of beautiful Albert Park Village. A high-exposure site with secure 2 car garage parking. Vibrant Commercial 1 zoning (C1Z) form the perfect package, with a total area of 237 sqm (approx) making it ideal for a small business owner ready to take the next step in their independence and growth.
The excellent shop-front premises comprises four principal rooms across two floors, whilst the residential dwelling offers two principal rooms with capacity for living, dining, and multiple bedrooms; a kitchen with an electric stove, a central bathroom and a balcony. The secure undercover parking is accessed via the rear lane, accompanied by an additional WC, space for laundry facilities and a central courtyard.
SEALS THE DEAL
Presenting a range of options for the future, including the opportunity for further enhancement with modern upgrades, and the potential to offer one or both premises for tenancy and enjoy the return on your investment, this exciting prospect relishes its prime location footsteps from stop 31/Graham Street on the number 1 tram route, excellent cafes including Lenny's 3206, restaurants, The Vincent Hotel, boutiques, and, of course Albert Park Beach only 2 blocks away!
This is a snap buy!
Property History for 123 Victoria Ave, Albert Park, VIC 3206
- 31 Jul 2023Sold for $1,760,000
- 13 Apr 2023Listed for Sale THE DEAL: Under Offer
- 05 Jul 2021Sold for $1,859,000
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About Albert Park 3206
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2011 was 5,954 people. By 2016 the population was 6,185 showing a population growth of 3.9% in the area during that time. The predominant age group in Albert Park is 40-49 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation. In 2011, 56.5% of the homes in Albert Park were owner-occupied compared with 58.9% in 2016.
Albert Park has 3,595 properties. Over the last 5 years, Houses in Albert Park have seen a 1.33% increase in median value, while Units have seen a 3.54% increase. As at 31 October 2024:
- The median value for Houses in Albert Park is $2,152,609 while the median value for Units is $834,681.
- Houses have a median rent of $878 while Units have a median rent of $548.
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