SOLD
Sold on 24 Nov 2023 for $790,000

228 Melville Road
Brunswick West VIC 3055

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 180m2
Sold By
Nelson Alexander Commercial
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Property Details for 228 Melville Rd, Brunswick West

Building Type
Commercial
Land Size
180m2
Local Government
Merri-Bek
Lot/Plan
1/TP297180

Last Listing description (December 2022)

Nelson Alexander Commercial are delighted to offer For Lease this rare and historic corner property located in the thriving Melville Road retail strip. The prominent corner site provides unbeatable exposure for your business and would allow for a number of different uses (STCA). This is an opportunity not to be missed! See full details below:

> Floor area: 110sqm (approx.)

> Rear access
> Corner site with great exposure
> Convenient access to major arterial roads and public transport
> Suit a variety of businesses (STCA)

For all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial on 9419 5511.

Property History for 228 Melville Rd, Brunswick West, VIC 3055

A timeline of how this property has performed in the market
Last Sold
$790,000
24 Nov 2023
Listed for Rent
$479/w
23 Dec 2022
  • 24 Nov 2023
    Sold for $790,000
  • 21 Apr 2022
    Listed for Rent - Price not available
  • 19 Feb 1983
    Sold for $105,700

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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 9,547 properties. Over the last 5 years, Houses in Brunswick West have seen a 36.10% increase in median value, while Units have seen a 5.41% increase. As at 31 July 2024:

  • The median value for Houses in Brunswick West is $1,380,330 while the median value for Units is $515,976.
  • Houses have a median rent of $700 while Units have a median rent of $460.
There are currently 36 properties listed for sale, and 27 properties listed for rent in Brunswick west on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Brunswick west.

Suburb Insights for Brunswick West 3055

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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.