99 Wattletree RoadArmadale VIC 3143
Property Details for 99 Wattletree Rd, Armadale
99 Wattletree Rd, Armadale is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 423m2 and floor size of 135m2. While the property is not currently for sale or for rent, it was last sold in August 2012.
Last Listing description (August 2012)
AN INVESTMENT THAT SPEAKS FOR ITSELF
To be sold via auction - 99 Wattletree Road, Armadale comprises of a fully renovated, single storey, period weatherboard residence which has been converted for use as counseling/therapy rooms.
The accommodation includes 5 principle rooms with waiting room, a kitchen, bathroom and rear garden complemented by 4 onsite parking space, accessed via rear laneway.
* Fully refurbished period residence converted for counseling/therapeutic use;
* Building area 116m with 4 onsite car spaces via rear laneway;
* Secure 5 year lease plus options to Wattletree Centre;
* Currently returning $50,000 per annum plus outgoings
* Suitable for Investors with future potential to develop (STCA);
* Land area 418m / Zoned Residential 1;
* Great location public transport at doorstep, opposite Malvern Central, walk to Glenferrie Road and minutes from Cabrini Hospital.
99 Wattletree Road, Armadale is located on the northern side of Wattletree Road near the corner of Glenferrie Road. The surrounding area is characterised by affluent residential suburbs and vibrant retail precincts.
This is a rare opportunity: providing a hassle-free, secure investment in an unbeatable prime location with an upside of development potential!
Property History for 99 Wattletree Rd, Armadale, VIC 3143
- 03 Aug 2012Sold for $1,230,000
- 03 Jul 2012Listed for Sale Not Disclosed
- 13 Dec 1997Sold for $301,100
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About Armadale 3143
The size of Armadale is approximately 2.2 square kilometres. It has 7 parks covering nearly 2.9% of total area. The population of Armadale in 2011 was 8,760 people. By 2016 the population was 9,057 showing a population growth of 3.4% in the area during that time. The predominant age group in Armadale is 30-39 years. Households in Armadale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Armadale work in a professional occupation. In 2011, 53.3% of the homes in Armadale were owner-occupied compared with 52.4% in 2016.
Armadale has 6,889 properties. Over the last 5 years, Houses in Armadale have seen a 14.14% increase in median value, while Units have seen a -0.02% decrease. As at 31 October 2024:
- The median value for Houses in Armadale is $2,610,423 while the median value for Units is $691,415.
- Houses have a median rent of $850 while Units have a median rent of $580.
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