SOLD
Sold on 11 Jul 2024 for $1,050,000

11 Ridley Street
Albion VIC 3020

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 81m2
Land area: 1282m2
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Property Details for 11 Ridley St, Albion

11 Ridley St, Albion is a 3 bedroom, 1 bathroom House and was built in 1916. The property has a land size of 1282m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Albion in the last 12 months.

Building Type
House
Year Built
1916
Floor Size
81m2
Land Size
1282m2
Local Government
Brimbank
Lot/Plan
45/LP4860

Last Listing description (June 2024)

Located in the sought-after suburb of Albion, just minutes away from Albion Station, Sunshine Station, and Sunshine CBD, this property offers a prime location. It is conveniently close to Albion North Primary School and Western Hospital, making it ideal for families and professionals alike.

On offer is a sizable block with approved plans and permits for four units keeping the front and building 3 brand new at the rear, presenting an excellent opportunity for both first-time investors and astute developers. The property currently features three large bedrooms, a central bathroom, and a modern kitchen with stainless steel appliances, all tenanted for immediate returns.

This property is perfectly situated for lifestyle convenience, with easy access to public transport and close proximity to Sunshine CBD. Features of the property include an open fireplace, high ceilings, and much more.

Key Highlights:
Land size: 1278sqm*
$1738 monthly rent
Keep existing home, build 3 units to the rear

Don't miss out on this rare opportunity to secure a property with fantastic potential for redevelopment in a highly desirable location.

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Property History for 11 Ridley St, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$1,050,000
11 Jul 2024
Listed for Rent
$320/w
30 Aug 2016
  • 11 Jul 2024
    Sold for $1,050,000
  • 08 Mar 2024
    Listed for Sale $1,050,000 - $1,100,000
  • 27 Sep 2023
    Listed for Rent $400 / week
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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 4.39% increase in median value, while Units have seen a -10.38% decrease. As at 31 October 2024:

  • The median value for Houses in Albion is $687,616 while the median value for Units is $378,143.
  • Houses have a median rent of $475 while Units have a median rent of $360.
There are currently 26 properties listed for sale, and 7 properties listed for rent in Albion on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Albion.

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