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Sold on 28 Oct 2024 - Price Unavailable

1 Vernon Street
Blackburn South VIC 3130

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Land area: 697m2
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Property Details for 1 Vernon St, Blackburn South

1 Vernon St, Blackburn South is a 4 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 697m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom Unit sold in Blackburn South in the last 12 months.

Building Type
Unit
Land Size
697m2
Local Government
Whitehorse
Lot/Plan
40/LP16446

Last Listing description (November 2024)

Investment opportunities like this don?t come along very often! Positioned in a dream Blackburn South pocket, this boutique development which consists of four 1 bedroom units is sure to excite those with investment ambitions, with the excellent location and enticing projected returns combining to produce an amazing package.

It?s rare to come across a prospect like this that will give purchasers such a great return on their investment. With all four units enjoying secure leases, with the potential of earning approximately $85,280 per annum combined (incl. GST). Each of the well-appointed properties consists of open living and meals, well-presented kitchen, bedroom with built-in robe, ensuite bathroom with laundry, reverse cycle heating and cooling, and low-maintenance outdoor space. Some of the units have undercover parking. The block itself also enjoys 697 sqm (approx.) of total space.

This development promises a memorable spot so close to Forest Hill Chase Shopping Centre, Blackburn South Shopping Centre, Blackburn Station Village, Blackburn Lake Sanctuary, Vernon Street Reserve, Bob Saker Oval, Blackburn Lake Primary School, Forest Hill College, Emmaus College, buses, and Nunawading Station.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.

Property History for 1 Vernon St, Blackburn South, VIC 3130

A timeline of how this property has performed in the market
Last Sold
28 Oct 2024
  • 28 Oct 2024
    Sold
  • 17 Oct 2024
    Listed for Sale Not Disclosed
  • 04 Aug 1976
    Sold for $33,500

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About Blackburn South 3130

The size of Blackburn South is approximately 3.6 square kilometres. It has 17 parks covering nearly 9.7% of total area. The population of Blackburn South in 2011 was 10,585 people. By 2016 the population was 10,797 showing a population growth of 2.0% in the area during that time. The predominant age group in Blackburn South is 40-49 years. Households in Blackburn South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blackburn South work in a professional occupation. In 2011, 74.7% of the homes in Blackburn South were owner-occupied compared with 73% in 2016.

Blackburn South has 5,060 properties. Over the last 5 years, Houses in Blackburn South have seen a 12.07% increase in median value, while Units have seen a 8.06% increase. As at 30 November 2024:

  • The median value for Houses in Blackburn South is $1,309,501 while the median value for Units is $874,165.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 12 properties listed for sale, and 8 properties listed for rent in Blackburn south on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Blackburn south.

Suburb Insights for Blackburn South 3130

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Woodards Blackburn
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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.