SOLD
RECENT ADVICE
Sold on 09 May 2024 for $750,000

63 Derrimut Street
Albion VIC 3020

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 576m2
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Property Details for 63 Derrimut St, Albion

63 Derrimut St, Albion is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 576m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in Albion in the last 12 months.

Building Type
House
Land Size
576m2

Last Listing description (May 2024)

Situated in a much sought after location on one of Albion's finest streets only 500m to Albion Airport Rail Link Station. This property is a permit and plan ready site bound for success. The hard work is done with the Brimbank City envelope pushed to the extreme over the last 6 years. This permit will most likely never be available again.

The existing home is income ready with month to month tenancy at $295 per week. The home is compliant with new rentals laws and offers 2 large bedrooms, kitchen, meals/dining area, central bathroom and lock up garage.

DOUGLAS KAY REAL ESTATE

280 HAMPSHIRE ROAD
SUNSHINE VIC 3020

Property History for 63 Derrimut St, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$750,000
09 May 2024
Listed for Rent
$295/w
09 Oct 2022
  • 13 Apr 2024
    Sold for $750,000
  • 21 Jun 2023
    Listed for Sale Not Disclosed
  • 20 Dec 2019
    Listed for Rent $320 / 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 2,685 properties. Over the last 5 years, Houses in Albion have seen a 2.23% increase in median value, while Units have seen a 12.14% increase. As at 30 November 2024:

  • The median value for Houses in Albion is $680,285 while the median value for Units is $405,725.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 18 properties listed for sale, and 15 properties listed for rent in Albion on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Albion.

Suburb Insights for Albion 3020

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Adrian Kay
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Douglas Kay Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.