Sale by set date 16.12.2017 at 5pm (unless sold prior)
With a northerly aspect and only 45km to the Melbourne CBD this property is a lucrative investment with a bundle of potential.
Located in one of Victoria s largest growth corridors, at the foothills of the Dandenong Ranges, boarded by a number of centre hubs including: Belgrave South, Lysterfield, Emerald, Rowville and Westfield shopping centre to name a few.
The size of Belgrave South is approximately 12.6 square kilometres. It has 13 parks covering nearly 7.1% of total area. The population of Belgrave South in 2011 was 1,661 people. By 2016 the population was 1,654 showing a population decline of 0.4% in the area during that time. The predominant age group in Belgrave South is 50-59 years. Households in Belgrave South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgrave South work in a trades occupation. In 2011, 89.5% of the homes in Belgrave South were owner-occupied compared with 90.8% in 2016.
Belgrave South has 636 properties. Over the last 5 years, Houses in Belgrave South have seen a 37.36% increase in median value. As at 30 November 2024:
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