13 Ridley StreetAlbion VIC 3020
Property Details for 13 Ridley St, Albion
13 Ridley St, Albion is a 2 bedroom, 1 bathroom Unit with 12 parking spaces and was built in 1970. The property has a land size of 1282m2 and floor size of 71m2.
Last Listing description (February 2022)
A massive investment opportunity exists to acquire an entire block of 12 apartments (8 two bedroom's & 4 one bedrooms) individually titled and being offered as one on a generous 1282m2* ideally located in this sought after Albion location.
Investors looking to acquire property with an immediate income of $158,340 pa (fully leased) with exciting future options to further enhance or redevelop (STCA).
All twelve light filled apartments are generously proportioned and neatly presented, each with separate kitchen, individual living room, central bathroom and a combination of 1 and 2 good sized bedrooms with built in robes, balconies and titled parking spaces.
Don't miss this unique opportunity.
Property History for 13 Ridley St, Albion, VIC 3020
- 15 Nov 2021Listed for Sale $2,900,000 - $3,000,000
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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 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.
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