5 Nepean HighwayAspendale VIC 3195
Property Details for 5 Nepean Hwy, Aspendale
5 Nepean Hwy, Aspendale is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 1041m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Aspendale in the last 12 months.
Last Listing description (March 2024)
5 Nepean Highway, Aspendale & 2 Parana Street, Aspendale (TOTAL: 1040m2 Approx.)
Situated in one of Aspendale's most exclusive tightly held pockets, is this exceptionally rare and unique opportunity to secure 1040m2 (approx.) of prime beachside land with two titles to be offered as a whole. Zoned GRZ2, this significant corner site offers outstanding potential for a contemporary multi-level development or luxury townhomes, situated just 150 metres from one of Melbourne's most spectacular beaches and 350 metres from Mordialloc Village (STCA.) Included in this extraordinary offering is a high-profile advertising billboard with strong annual return. Benefit from a combined potential annual return of approximately $100,000 including two semi-detached residences fronting Parana Street & Billboard.
5 Nepean Highway, Aspendale
2 Parana Street, Aspendale
On a separate title, this classic two-bedroom semi-detached residence mirrors the features of its counterpart.
Promising a relaxed coastal lifestyle with pristine wide sandy beach stretching as far as the eye can see, the boat-lined creek and iconic pier for fishing, while the Bay Trail, Peter Scullion Reserve, Doyle's Hotel and Mordialloc's upmarket cafes, bars and restaurants, the train station and schools are all at your fingertips.
A highly sought after enclave for its incredible proximity to the sand and amenities; continue to derive rental income from the existing residences and billboard, while you contemplate the future of this blue chip location.
Contact Ray White Chelsea directors Shane O'Sughrue 0401 119 911 or James Aldinger 0425 724 232
Property History for 5 Nepean Hwy, Aspendale, VIC 3195
- 23 Jan 2024Sold for $1,000,000
- 15 Nov 2023Listed for Sale $1,900,000 - $2,090,000
- 30 Jul 2021Sold for $1,220,000
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0About Aspendale 3195
The size of Aspendale is approximately 3 square kilometres. It has 11 parks covering nearly 24% of total area. The population of Aspendale in 2011 was 6,621 people. By 2016 the population was 6,938 showing a population growth of 4.8% in the area during that time. The predominant age group in Aspendale is 40-49 years. Households in Aspendale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Aspendale work in a professional occupation. In 2011, 79.6% of the homes in Aspendale were owner-occupied compared with 79.8% in 2016.
Aspendale has 3,308 properties. Over the last 5 years, Houses in Aspendale have seen a 23.57% increase in median value, while Units have seen a 24.65% increase. As at 31 October 2024:
- The median value for Houses in Aspendale is $1,356,936 while the median value for Units is $955,092.
- Houses have a median rent of $760 while Units have a median rent of $740.
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