2/4 Westgate AvenueAlbion VIC 3020
Property Details for 2/4 Westgate Ave, Albion
2/4 Westgate Ave, Albion is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 585m2.
Last Listing description (May 2017)
SITUATED IN A GREAT LOCATION AND PACKED WITH POTENTIAL, OFFERING 2 SEPARATE FULLY SELF-CONTAINED RESIDENCES EACH WITH THEIR OWN ENTRANCES. INDIVIDUALLY METERED FOR GAS AND ELECTRICITY, THIS UNIQUE PROPERTY OFFERS THE ASTUTE BUYER MULTIPLE OPTIONS. OCCUPY THE PREMISES AS ONE, LIVE IN ONE AND RENT OUT THE OTHER OR RENT OUT BOTH AND EARN A DUAL INCOME. COMBINED THE PROPERTIES ARE CURRENTLY LEASED AND RETURNING $520 PER WEEK ($27,040 PA). WITH POTENTIAL TO STRATA TITLE THEM INDIVIDUALLY (STCA) AND REAP THE REWARDS. UNIT 1 COMPRISES:3 BEDROOMS, FUNCTIONAL UPDATED L KITCHEN, HUGE FORMAL LIVING, CENTRAL BATHROOM, SEPARATE LAUNDRY AND PRIVATE DECKED COURTYARD.UNIT 2 COMPRISES:1 LARGE BEDROOM, FORMAL LOUNGE, KITCHEN WITH LAUNDRY FACILITIES, CENTRAL BATHROOM AND LARGE PRIVATE COURTYARD.FEATURES: AMPLE OFF STREET PARKING, GAS APPLIANCES, POLISHED FLOORBOARDS AND ALL SET ON A GENEROUS ALLOTMENT OF 585SQM WITH GREAT POTENTIAL FOR FUTURE DEVELOPMENT STCA.
Property History for 2/4 Westgate Ave, Albion, VIC 3020
- 18 May 2017Listed for Sale Not Disclosed
- 26 Aug 2015Listed for Rent $210 / week
- 20 Sep 2014Listed for Rent $210 / 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.
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