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Sold on 21 Aug 2024 for $615,000

1/56 Derrimut Street
Albion VIC 3020

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
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Property Details for 1/56 Derrimut St, Albion

1/56 Derrimut St, Albion is a 2 bedroom, 1 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Albion in the last 12 months.

Building Type
House

Last Listing description (August 2024)

Discover a tranquil sanctuary in the charming enclave of Albion. This single-level home is ideally located just moments from iconic shops, cafes, esteemed primary schools, early education facilities, Albion Train Station, and the ever-popular Selwyn Park. Perfect for first-time homeowners, downsizers, and everyone in between, this cosy residence offers warmth and endless possibilities.

The home features two spacious bedrooms with built-in robes, an updated open-plan kitchen, meals, and living area, and an inviting undercover outdoor space perfect for entertaining. Beautiful original timber flooring adds character throughout, while the central bathroom with laundry facilities ensures convenience. With the added charm of a wood fire heater & split system cooling this Albion gem is a delightful retreat for any discerning buyer.

Property History for 1/56 Derrimut St, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$615,000
21 Aug 2024
  • 21 Aug 2024
    Sold for $615,000
  • 01 Aug 2024
    Listed for Sale Under Offer
  • 28 Oct 2017
    Sold for $480,000
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About Albion 3020

The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2011 was 4,336 people. By 2016 the population was 4,741 showing a population growth of 9.3% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Albion work in a labourer occupation. In 2011, 49.4% of the homes in Albion were owner-occupied compared with 48.5% in 2016.

Albion has 2,686 properties. Over the last 5 years, Houses in Albion have seen a 2.23% increase in median value, while Units have seen a 12.14% increase. As at 30 November 2024:

  • The median value for Houses in Albion is $680,285 while the median value for Units is $405,725.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 19 properties listed for sale, and 16 properties listed for rent in Albion on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in Albion.

Suburb Insights for Albion 3020

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Michelle Mammoliti
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Natalie Gallenti Brekalo
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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.