OFF MARKET

106/394-398 Middleborough Road
Blackburn VIC 3130

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
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Last updated 11 Nov 2024
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Property Details for 106/394-398 Middleborough Rd, Blackburn

106/394-398 Middleborough Rd, Blackburn is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
Unit
Year Built
2015
Floor Size
58m2
Local Government
Whitehorse
Lot/Plan
106/PS710947

Last Listing description (December 2023)

Rental Yield - 5.6%

If you are seeking a strong cash flow performer to add to your investment crown or if you want to taste the success of home ownership, look no further than this cosmopolitan apartment. A prize for young professionals with Laburnum train station and mouth-watering cafes just a few short steps away, the generous one bedroom configuration is ideal for students who are studying at nearby Box Hill TAFE and Deakin University.

Views across prestigious Box Hill High School and out to Box Hill City Oval are an attractive backdrop to the airy balcony, spilling inside to the open-plan living room and stylish kitchen featuring stone surfaces and stainless steel appliances.

Wonderfully comfortable with a sleek bathroom, laundry facilities, split system air-conditioning, a stacker car space and a storage cage, be thrilled by the proximity to buzzing Box Hill Central, top-rated restaurants and world class hospitals.

* Contemporary one bedroom apartment
* Spacious living room with view-filled balcony
* Stone kitchen with stainless steel appliances
* Seconds from Laburnum train station and cafes
* Across from Box Hill High School
* Stacker car space and storage cage
* Near Box Hill Central, TAFE, Deakin University and hospitals

Currently leased for $1,368 per calendar month with a 5.6% rental yield.

Terms: 10% deposit, balance 30/60/90 days

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Property History for 106/394-398 Middleborough Rd, Blackburn, VIC 3130

A timeline of how this property has performed in the market
Last Sold
$316,000
02 Nov 2015
Listed for Rent
$300/w
21 Jan 2022
  • 21 Dec 2023
    Listed for Sale $285,000
  • 07 Nov 2022
    Listed for Sale $285,000
  • 06 Dec 2021
    Listed for Rent $300 / week
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About Blackburn 3130

The size of Blackburn is approximately 5.9 square kilometres. It has 23 parks covering nearly 12% of total area. The population of Blackburn in 2011 was 12,795 people. By 2016 the population was 13,927 showing a population growth of 8.8% in the area during that time. The predominant age group in Blackburn is 40-49 years. Households in Blackburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blackburn work in a professional occupation. In 2011, 76.7% of the homes in Blackburn were owner-occupied compared with 72.3% in 2016.

Blackburn has 8,471 properties. Over the last 5 years, Houses in Blackburn have seen a 8.85% increase in median value, while Units have seen a 10.98% increase. As at 31 October 2024:

  • The median value for Houses in Blackburn is $1,560,260 while the median value for Units is $775,417.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 24 properties listed for sale, and 15 properties listed for rent in Blackburn on OnTheHouse. According to CoreLogic's data, 305 properties were sold in the past 12 months in Blackburn.

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