OFF MARKET

5/56 Rayner Street
Altona VIC 3018

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
Land area: 966m2
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Property Details for 5/56 Rayner St, Altona

5/56 Rayner St, Altona is a 2 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 966m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
1972
Floor Size
66m2
Land Size
966m2
Local Government
Hobsons Bay
Lot/Plan
5/RP5316

Last Listing description (March 2024)

This bright, inviting unit in an ideally situated block of only 6 makes its first home buyer appeal immediately apparent. In addition, its allure as an investment is illustrated by projected rental returns of $350 per week. Either angle is equally attractive due to desirable proximity to Pier Street's shops and cafes, Altona train station and the beach. A successful address, whether living in or leasing out!

? Boutique block in an always popular position.
? Generous living/dining opens to a balcony.

? Timber flooring, split system heating/cooling.
? Separate kitchen conveys modern efficiency.
? 2 bedrooms that receive bright northern light.
? Built-in robes and individual heating/cooling.
? Modern central bathroom, separate bathroom.
? Convenient on title car space and visitor parking.
? Exceptional opportunity in the Altona market.

Astute buying regularly brings consistent rewards and this apartment suggests a win-win scenario in an Altona setting destined to be always be in demand. Move in ready right now for owner-occupiers or tenants - instant appeal either way.

Property History for 5/56 Rayner St, Altona, VIC 3018

A timeline of how this property has performed in the market
Last Sold
$390,000
26 Jul 2023
Listed for Rent
$270/w
16 Sep 2015
  • 26 Jul 2023
    Sold for $390,000
  • 25 May 2023
    Listed for Sale Contact Agent
  • 27 Jul 2015
    Listed for Rent $270 / week
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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 37 properties listed for sale, and 6 properties listed for rent in Altona on OnTheHouse. According to CoreLogic's data, 326 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.