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Sold on 23 Sep 2024 - Price Unavailable

131 Colby Drive
Belgrave Heights VIC 3160

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 2322m2
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Property Details for 131 Colby Dr, Belgrave Heights

Building Type
Commercial
Floor Size
1m2
Land Size
2322m2

Last Listing description (September 2024)

Melvic Real estate Casey presents 131 Colby Dr Belgrave Heights.
This beautiful property has great potential. Whether you are looking to establish a community
centre, a religious institution or a space for cultural gatherings, meetings, art, yoga or meditation

classes and more, this property offers endless possibilities (STCA). The versatile layout and
generous space allow for customisation to suit your specific needs.

Situated in a prime location, this almost flat block of approximately 2264 sqm offers plenty of
potential for expansion or customisation. Its proximity to the shops of Belgrave Heights and
Belgrave South, tennis club, playground and Belgrave South Primary School, makes it a highly
desirable location for various ventures.

Previously used as a place of worship, this property consists of 2 large interconnected rooms
and an adjacent sunroom perfect for a reception or waiting area.
Total land area: 2264 sqm approximately
2 large interconnected rooms, 2 Toilets, store room and open car spaces.

Key features
- Suitable for a place of worship or place of assembly (STCA)
- Excellent development/subdivision potential (STCA)
- Suitable for owner occupiers, investors, and developers
- Unrivalled site with significant signage exposure
- Three phase electrical power to site
- Reverse cycle air conditioning and heating system
- Offered as vacant possession

This desirable property will not last long so, Act NOW! Contact the exclusive Agent Hunny
Sharma 0430340629 to find out more and inspect.

*Approximate
**Outlines indicative only
consumer.vic.gov.au/duediligencechecklist

Property History for 131 Colby Dr, Belgrave Heights, VIC 3160

A timeline of how this property has performed in the market
Last Sold
23 Sep 2024
  • 07 Aug 2024
    Sold for $1,078,000
  • 12 Apr 2024
    Listed for Sale $950,000 - $1,045,000
  • 27 Sep 2017
    Sold for $810,000
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About Belgrave Heights 3160

The size of Belgrave Heights is approximately 2.4 square kilometres. It has 6 parks covering nearly 31.8% of total area. The population of Belgrave Heights in 2011 was 1,376 people. By 2016 the population was 1,368 showing a population decline of 0.6% in the area during that time. The predominant age group in Belgrave Heights is 40-49 years. Households in Belgrave Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgrave Heights work in a professional occupation. In 2011, 90% of the homes in Belgrave Heights were owner-occupied compared with 86.4% in 2016.

Belgrave Heights has 538 properties. Over the last 5 years, Houses in Belgrave Heights have seen a 33.64% increase in median value, while Units have seen a -3.52% decrease. As at 30 November 2024:

  • The median value for Houses in Belgrave Heights is $972,270 while the median value for Units is $556,996.
  • Houses have a median rent of $410.
There are currently 2 properties listed for sale, and no properties listed for rent in Belgrave heights on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Belgrave heights.

Suburb Insights for Belgrave Heights 3160

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Contact agent
Hunny Sharma
Show contact details
Shail Sapra
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Melvic Real Estate
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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.