7/25 Ridley StreetAlbion VIC 3020
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.
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.
Additionally, the property includes a titled car space for your convenience. Currently tenanted, this apartment presents a smart investment opportunity with immediate income rental.
Property History for 7/25 Ridley St, Albion, VIC 3020
- 22 Sep 2024Sold for $275,000
- 29 May 2024Listed for Sale $280,000-$300,000
- 17 May 2021Listed for Rent $230 / 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 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.
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