2 Park CrescentBoronia VIC 3155
Property Details for 2 Park Cres, Boronia
Last Listing description (June 2024)
A rare opportunity to secure 1030sqm (approx.) of high density residential land (GRZ4) ready to re-development (STCA). With a large rental return of $188,737 per annum and increasing by 5% on 31/01/2024 there is a good income being generated while you organise your plans and permits before the lease expires on 30/01/2025.
Highlights:
? Large 1030sqm (approx) high density development opportunity (STCA
? General Residential Zone ? Schedule 4 (GRZ4)
? Currently Leased at $188,737 p/a
? Rental increase 5% on 31/01/2024 taking income to $198,173 p/a
? Lease expires 30/01/2025 with no further options
Location:
? 200m to Woolworth Boronia
? 300m to Boronia Train Station
? 400m to Boronia Metro Cinema
? 500m to Boronia K-Mart
? 500m to Boronia Coles
? 600m to St. Josephs Primary School
? 1.1km to Boronia K-12 College
? 10 min Drive to Westfield Knox
? 15 min Drive to Westfield Eastland
? 10 min Drive to Eastlink Freeway
Property History for 2 Park Cres, Boronia, VIC 3155
- 15 Dec 2023Sold for $1,250,000
- 16 Nov 2023Listed for Sale $1,200,000 - $1,300,000
- 22 Dec 2022Listed for Rent - Price not available
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About 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 13,093 properties. Over the last 5 years, Houses in Boronia have seen a 16.30% increase in median value, while Units have seen a 11.83% increase. As at 31 October 2024:
- The median value for Houses in Boronia is $820,481 while the median value for Units is $631,739.
- Houses have a median rent of $550 while Units have a median rent of $520.
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