2994 Frankston-Flinders RoadBalnarring VIC 3926
Property Details for 2994 Frankston-Flinders Rd, Balnarring
Last Listing description (May 2022)
This property is located in the heart of Balnarring with main road frontage and close to Balnarring's main shopping complex.
-Buy one or buy both. Neighbouring property at 2996 Frankston Flinders Rd also for sale.
-Land area of approx 981sqm
-Currently operating as Service Station/Mechanical Workshop
-Current lease terms 1x3years with rental return of approx $67,000pa.
-Future development potential STCA
-Expressions of Interest close 17th June 2022 unless sold prior
Property History for 2994 Frankston-Flinders Rd, Balnarring, VIC 3926
- 10 Dec 2024Sold
- 17 May 2022Listed for Sale Offers invited over $2,000,000.00
- 29 Jul 2016Sold for $960,000
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0About Balnarring 3926
The size of Balnarring is approximately 26.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Balnarring in 2011 was 2,526 people. By 2016 the population was 2,267 showing a population decline of 10.3% in the area during that time. The predominant age group in Balnarring is 60-69 years. Households in Balnarring are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balnarring work in a professional occupation. In 2011, 85% of the homes in Balnarring were owner-occupied compared with 85% in 2016.
Balnarring has 1,215 properties. Over the last 5 years, Houses in Balnarring have seen a 39.19% increase in median value, while Units have seen a 31.44% increase. As at 30 November 2024:
- The median value for Houses in Balnarring is $1,197,669 while the median value for Units is $666,931.
- Houses have a median rent of $700 while Units have a median rent of $483.
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