SOLD
Sold on 23 Feb 2024 for $350,000

49B Rankin Road
Boronia VIC 3155

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 495m2
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Property Details for 49b Rankin Rd, Boronia

Building Type
Land
Land Size
495m2
Local Government
Knox
Lot/Plan
2/PS633651

Last Listing description (May 2024)

With land a rare commodity, an excellent opportunity exists to purchase this fantastic block of land (493sqm) positioned privately at the rear of another home and boasting its own driveway.
With a generous building envelope granted, you just need to choose a house design and builder, then submit your town planning application!
Located within walking distance to Boronia train station, shopping centre, cafes, parklands, and all desired amenities, this project is sure to be profitable.

If you have been waiting for an affordable block of land in a great location to build a home to live in or for investment, then this is it. The size of the block allows for a range of designs and with all the hard work been done, including the drainage and subdivision, you just need to start the build!

Proudly marketed by Harcourts Boronia. ID required at all inspections.

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Property History for 49b Rankin Rd, Boronia, VIC 3155

A timeline of how this property has performed in the market
Last Sold
$350,000
23 Feb 2024
  • 23 Feb 2024
    Sold for $350,000
  • 14 Sep 2023
    Listed for Sale $350,000 - $385,000

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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 13,114 properties. Over the last 5 years, Houses in Boronia have seen a 14.08% increase in median value, while Units have seen a 10.34% increase. As at 30 November 2024:

  • The median value for Houses in Boronia is $827,979 while the median value for Units is $630,549.
  • Houses have a median rent of $560 while Units have a median rent of $520.
There are currently 51 properties listed for sale, and 24 properties listed for rent in Boronia on OnTheHouse. According to CoreLogic's data, 492 properties were sold in the past 12 months in Boronia.

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Josh Conroy
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