SOLD
Sold on 22 Sep 2024 for $275,000

7/25 Ridley Street
Albion VIC 3020

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 1285m2
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DK Property Partners Werribee
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Property Details for 7/25 Ridley St, Albion

7/25 Ridley St, Albion is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1285m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Albion in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
62m2
Land Size
1285m2
Local Government
Brimbank
Lot/Plan
7/RP5104

Last Listing description (October 2024)

Unlock the door to property ownership with this outstanding opportunity! This entry-level option offers a compelling entry point into the real estate market, combining affordability with potential. It?s the perfect chance to invest in your future without stretching your budget.
Ideal for a first-time homebuyer- where paying a mortgage could be more cost-effective than renting or for individuals looking to downsize, this property also appeals to a first-time investor or those looking to expand their portfolio.
The location is a standout feature, offering convenient access to public transport, recreational facilities, and a variety of shopping options, all just minutes away.

Upon entering the apartment, you will be impressed by the spacious, versatile living area. The separate kitchen features generous cabinetry and servery that enhances the connection to the living space. The apartment includes two sizable bedrooms with built- in-robes, a bathroom/laundry combination, and a separate WC.
Additionally, the property includes a titled car space for your convenience. Currently tenanted, this apartment presents a smart investment opportunity with immediate income rental.

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Property History for 7/25 Ridley St, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$275,000
22 Sep 2024
Listed for Rent
$230/w
19 Aug 2021
  • 22 Sep 2024
    Sold for $275,000
  • 29 May 2024
    Listed for Sale $280,000-$300,000
  • 17 May 2021
    Listed for Rent $230 / 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 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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