1 Larnoo AvenueBrunswick West VIC 3055
Property Details for 1 Larnoo Ave, Brunswick West
1 Larnoo Ave, Brunswick West is a 1 bedroom, 1 bathroom Unit with 6 parking spaces and was built in 1975. The property has a land size of 737m2 and floor size of 285m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (December 2022)
Something rarely seen in such a prominent and connected location, this is your chance to purchase multiple properties on one title where there are simply little opportunities of this magnitude left.
Positioning itself as an inspired investment, on offer here are six singularly titled 1 bedroom units that could be set up to provide a steady rental income, renovated to reflect current trends, converted to individual strata titles - or all of the above.
While some have enjoyed some modern upgrades over time, all dwellings enjoy a similar light-filled layout boasting a formal lounge room, kitchen with meals area, a separate bedroom with built-in robes and a bright, convenient bathroom with laundry facilities.
There's plenty of common space at the rear to enjoy a seat outside, while all have access to their own off-street car space.
The location here cannot be understated. Within walking distance to Melville Rd trams and a number of picturesque parks and playgrounds, close to Sydney Rd cafes, restaurants, bars and shopping, with proximity to Brunswick Train Station, Brunswick Rd, Royal Parade, Queen Victoria Market and the Melbourne CBD.
Opportunity to purchase multiple dwellings on the one title
Chance to earn a rental income, renovate and/or strata title
All units have a formal lounge, separate kitchen and individual bedroom
All have bright flowing floor plans, some enjoy modern upgrades
Plenty of rear common area to explore, individual off-street car spaces
Positioned close to public transports, shopping, cafes and restaurants
Total land size is 744sqm
Lease details:
Unit 1: $1,304 PCM, month to month lease
Unit 2: $1,216 PCM, month to month lease
Unit 3: $1,304 PCM, month to month lease
Unit 4: $1,195 PCM, Lease ends 22/12/22
Unit 5: $1,195 PCM, Lease ends 27/12/22
Unit 6: $1,260 PCM, Lease ends 14/08/23
Total yearly income:
$89,688
Total monthly income:
$7,474
Property History for 1 Larnoo Ave, Brunswick West, VIC 3055
- 10 Dec 2022Sold for $1,900,000
- 09 Nov 2022Listed for Sale $2,000,000 - $2,100,000
- 03 Jun 2021Listed for Rent $300 / week
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About Brunswick West 3055
The size of Brunswick West is approximately 3.2 square kilometres. It has 17 parks covering nearly 5.4% of total area. The population of Brunswick West in 2011 was 13,148 people. By 2016 the population was 14,162 showing a population growth of 7.7% in the area during that time. The predominant age group in Brunswick West is 20-29 years. Households in Brunswick West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brunswick West work in a professional occupation. In 2011, 51.5% of the homes in Brunswick West were owner-occupied compared with 49% in 2016.
Brunswick West has 9,565 properties. Over the last 5 years, Houses in Brunswick West have seen a 26.31% increase in median value, while Units have seen a -3.51% decrease. As at 31 October 2024:
- The median value for Houses in Brunswick West is $1,347,925 while the median value for Units is $500,085.
- Houses have a median rent of $695 while Units have a median rent of $475.
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