8 Sydney StreetAlbion VIC 3020
Property Details for 8 Sydney St, Albion
8 Sydney St, Albion is a 14 bedroom, 7 bathroom Unit with 7 parking spaces. The property has a land size of 834m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (November 2019)
A massive investment opportunity exists to enjoy blue-chip returns on a block of seven apartments all on one title, ideally located in a sort after street in Albion. Investors looking to acquire property in a high growth location and immediately bring in a rental income of $82,906pa with exciting future options to renovate, enhance or redevelop (STCA).
All seven light filled apartments are generously proportioned and neatly presented, each with separate kitchen, spacious living room, central bathroom and 2 good sized bedrooms with built in robes. Also featuring off street parking with 4 carports and 3 car spaces. The location is prime and an easy walk to Albion and Sunshine train stations, shops, schools and parks. Dont miss this unique opportunity.
Property History for 8 Sydney St, Albion, VIC 3020
- 22 Oct 2019Sold for $1,625,000
- 19 Sep 2019Listed for Sale Not Disclosed
- 20 Aug 2018Listed for Rent $250 / 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 2,684 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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