507 Ballarat RoadAlbion VIC 3020
Property Details for 507 Ballarat Rd, Albion
507 Ballarat Rd, Albion is a 0 bedroom, 0 bathroom Unit. The property has a land size of 544m2 and floor size of 450m2. While the property is not currently for sale or for rent, it was last sold in July 2010.
Last Listing description (October 2024)
Discover a prime opportunity for developers and investors to capitalize on this design spread over five levels.
Features of the development
This project includes 14 modern apartments across four levels, featuring balconies, with a layout comprising twelve one-bedroom apartments and two two-bedroom apartments, complemented by three ground-level shops.
All working drawing are finalized and ready for immediate construction.
Location
Ideally situated opposite Albion Railway Station and the coming Tullamarine Airport Railway Link, with convenient access to a PTV bus line. Enjoy a short commute to Sunshine CBD, Western Ring Road, Sunshine Hospital, Victoria University, Bunnings, Harvey Norman, and Costco Ardeer.
The development is set in a vibrant suburb, with a wealth of lifestyle amenities, including two primary schools, a kindergarten, a recreational reserve, and picturesque walking and cycling paths alongside Kororoit Creek. The lively shopping strip on Perth Avenue serves as a popular gathering place for residents.
Now is the perfect time to seize this opportunity, to invest in a contemporary building that will provide valuable accommodation.
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Property History for 507 Ballarat Rd, Albion, VIC 3020
- 18 Jul 2024Listed for Sale $1,100,000-$1,210,000
- 29 Aug 2023Listed for Sale Not Disclosed
- 23 Aug 2022Listed for Sale $1,600,000 - $1,750,000
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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 2,681 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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