OFF MARKET

1 Grieve Parade
Altona VIC 3018

Bedrooms: 8
Bathrooms: 4
Car spaces: -
Land area: 615m2
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Property Details for 1 Grieve Pde, Altona

1 Grieve Pde, Altona is a 8 bedroom, 4 bathroom Unit and was built in 1995. The property has a land size of 615m2. While the property is not currently for sale or for rent, it was last transferred in April 2016.

Building Type
Unit
Year Built
1995
Land Size
615m2
Local Government
Hobsons Bay
Lot/Plan
149~B/LP12694

Last Listing description (February 2024)

This solid investment with 4 securely leased units is an incredible acquisition for landlords or developers. Set on a superb quarter-acre allotment near Civic Parade bus transport, Pier Street shops and cafes, Cherry Lake Reserve, and Altona Beach, imagination is the only limitation here.

Each of these units feature a 2-bedroom, 1-bathroom, 1-car space layout. Leased between $220-$300 per week, this property is immediately income-generating.

Alternatively, savvy developers may choose to capitalise on this 1,013sqm (approx.) allotment with a brand new build (STCA). Perfectly positioned only 220m from Altona College, there are a steady stream of singles and families searching for new homes in this highly coveted neighbourhood.

This is an outstanding opportunity with endless options, so prompt enquiry is advised. Contact us for more information today.
1st

Property History for 1 Grieve Pde, Altona, VIC 3018

A timeline of how this property has performed in the market
Last Transferred
13 Apr 2016
  • 29 Jun 2023
    Listed for Sale Not Disclosed
  • 13 Apr 2016
    Transferred
  • 24 May 2008
    Listed for Sale $439,000 EACH

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About Altona 3018

The size of Altona is approximately 16.6 square kilometres. It has 31 parks covering nearly 21.2% of total area. The population of Altona in 2011 was 9,918 people. By 2016 the population was 10,759 showing a population growth of 8.5% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation. In 2011, 67.1% of the homes in Altona were owner-occupied compared with 64.2% in 2016.

Altona has 7,522 properties. Over the last 5 years, Houses in Altona have seen a 9.63% increase in median value, while Units have seen a 13.24% increase. As at 31 October 2024:

  • The median value for Houses in Altona is $1,045,515 while the median value for Units is $659,900.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 35 properties listed for sale, and 5 properties listed for rent in Altona on OnTheHouse. According to CoreLogic's data, 325 properties were sold in the past 12 months in Altona.

Suburb Insights for Altona 3018

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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.