26 King Edward AvenueAlbion VIC 3020
Property Details for 26 King Edward Ave, Albion
26 King Edward Ave, Albion is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 462m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (November 2024)
Don't miss this unique opportunity to acquire a substantial re-development opportunity with this corner allotment in a desirable location in Albion, the next up-and-coming area of Melbourne's West. Sitting on a large allotment of 462m2 (approx.), this property has huge upside for its new owner.
The current home is old however, it is currently rented and comprises 3 bedrooms, open plan kitchen dining living, central bathroom and laundry. A large double garage provides car accommodation. The home features include split system heating/cooling, ceiling fans, laminated flooring, functional kitchen cabinetry, and solar electricity panels.
The property has previously had an approved planning permit to redevelop two 3 bedroom homes, however there would be scope to re-model the development in a new application (STCA).
Superbly located just 800 metres from Albion train station, Albion primary school, a short drive to Sunshine Market place shopping center and Hampshire Road restaurant strip, parks, sporting facilities and other general living amenities.
Key feature of this property's location is its proximity to take advantage of the future uptake in value with the redevelopment of the Albion and Sunshine train stations along with all the associated growth of infrastructure that will be brought by the airport train link development utilising the Albion and Sunshine area as its Hub. Close by access to main arterial roads provides easy travel to Highpoint Shopping Complex, Sunshine Hospital, airport, and Melbourne's CBD (approx. 12km).
Property History for 26 King Edward Ave, Albion, VIC 3020
- 25 Sep 2024Listed for Sale $740,000 - $750,000
- 17 Feb 2023Listed for Sale $740,000 - $750,000
- 01 May 2017Listed for Rent $310 / week
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0About 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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