11 Marland RoadBoronia VIC 3155
Property Details for 11 Marland Rd, Boronia
11 Marland Rd, Boronia is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1500m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 4 bedroom House sold in Boronia in the last 12 months.
Last Listing description (May 2024)
An exciting opportunity presents itself for developers (STCA) or investors at 11 Marland Road. Poised in a quiet no through road walking distance to the K12 College and under 5-minute drive to the heart of Boronia, this rare and unique property delivers 2 units both with secure long-term tenants in place and a whopping 1500m2 allotment for development scope (STCA). The existing house is divided into 2 homes which have been sealed off in the middle hallway to create 2 units under the one roof. Keep the house and receive double the rental income and explore the subdivision opportunities at the rear or dream big and make plans for the whole block. You can keep renting the units out whilst you get your plans and permits in place!
Unit 1: Features polished floors throughout the open plan layout highlighted by a renovated kitchen with upright gas stove. There are 2 bedrooms with built in robes and a space saving bathroom/laundry combo in original condition. Outside, a quiet and private fully fenced courtyard garden resides.
Unit 2: Features polished floors throughout the open plan layout highlighted by a renovated kitchen with upright electric stove. There are 2 bedrooms with built in robes and a space saving bathroom/laundry combo in original condition. Outside opens to a private garden zone with storage shed.
Property History for 11 Marland Rd, Boronia, VIC 3155
- 13 Oct 2023Sold for $1,050,000
- 20 Sep 2023Listed for Sale $990,000 - $1,080,000
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0About Boronia 3155
The size of Boronia is approximately 11.3 square kilometres. It has 36 parks covering nearly 7.8% of total area. The population of Boronia in 2011 was 20,825 people. By 2016 the population was 22,190 showing a population growth of 6.6% in the area during that time. The predominant age group in Boronia is 30-39 years. Households in Boronia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Boronia work in a professional occupation. In 2011, 73.1% of the homes in Boronia were owner-occupied compared with 70.8% in 2016.
Boronia has 12,902 properties. Over the last 5 years, Houses in Boronia have seen a 25.49% increase in median value, while Units have seen a 24.58% increase. As at 31 July 2024:
- The median value for Houses in Boronia is $805,483 while the median value for Units is $640,844.
- Houses have a median rent of $550 while Units have a median rent of $500.
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