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Sold on 29 Jan 2024 for $600,000

1/57 Derrimut Street
Albion VIC 3020

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Property Details for 1/57 Derrimut St, Albion

1/57 Derrimut St, Albion is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Unit sold in Albion in the last 12 months.

Building Type
Unit

Last Listing description (January 2024)

Nestled in a highly sought-after neighborhood, this charming single-level unit has been recently updated, offering a stylish and low-maintenance living experience. It is the perfect choice for first-time homebuyers and downsizers who seek a lifestyle of excellence.

Upon entering, you'll be greeted by an abundance of natural light that fills the open plan living room and adjacent dining area. The stunning kitchen showcases brand new quality appliances including 900mm gas cooktop, oven, dishwasher and stone benchtops. It overlooks a covered private area, providing a perfect space for year-round entertaining with family and friends.

The accommodation comprises three spacious bedrooms, all with built-in robes, serviced by a modern family bathroom. There is also a separate laundry for added convenience.

Additional features of this property include a lock-up garage, ducted heating, split system air conditioning, curtains throughout, 6.3kw solar system with 19 panels, large water tank and more, ensuring comfort and convenience.

Ideally situated within walking distance to shops such as Sadie Black Cafe and Mitko Deli, schools, Albion train station, Selwyn Park, and the picturesque Kororoit Creek trail. Furthermore, it offers easy access to the Western Ring Road and is only 15kms to the Melbourne CBD.

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Property History for 1/57 Derrimut St, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$600,000
29 Jan 2024
  • 29 Jan 2024
    Sold for $600,000
  • 03 Jul 2023
    Listed for Sale $600,000 - $650,000
  • 28 Aug 2015
    Sold for $418,000
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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 2,685 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 18 properties listed for sale, and 15 properties listed for rent in Albion on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Albion.

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