OFF MARKET

16/5 King Edward Avenue
Albion VIC 3020

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 1982m2
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Last updated 11 Nov 2024
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Property Details for 16/5 King Edward Ave, Albion

16/5 King Edward Ave, Albion is a 2 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 1982m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in December 2013.

Building Type
Unit
Year Built
1960
Floor Size
60m2
Land Size
1982m2
Local Government
Brimbank
Lot/Plan
39/RP2905

Last Listing description (February 2020)

Situated in a prized location, this ground floor apartment boasts both comfort and convenience in one great package.
Adjacent to Barclay reserve and an easy 500m stroll to all of Sunshines major amenities including Sunshine Plaza, Cinema Complex, train station and bus services. This is truly a must see for the astute investor or first time property buyer.

Comprising: 2 bedrooms with BIRs, generous lounge/meals area, functional kitchen, bathroom facilities and your own car space on title.

Dont miss out on a fabulous opportunity in this sought after location.

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Property History for 16/5 King Edward Ave, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$228,500
04 Dec 2013
Listed for Rent
$260/w
29 Nov 2018
  • 02 Dec 2019
    Listed for Sale $250,000 - $270,000
  • 08 Nov 2018
    Listed for Rent $260 / week
  • 04 Dec 2013
    Sold for $228,500
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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 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 25 properties listed for sale, and 3 properties listed for rent in Albion on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Albion.

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