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Sold on 12 Sep 2024 - Price Unavailable

2 Neilsen Crescent
Bundoora VIC 3083

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 613m2
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Property Details for 2 Neilsen Cres, Bundoora

2 Neilsen Cres, Bundoora is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 613m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Bundoora in the last 12 months.

Building Type
House
Land Size
613m2
Local Government
Whittlesea
Lot/Plan
1/LP83340

Last Listing description (September 2024)

Presenting a spacious corner block of approximately 613 sqm at the intersection of Neilsen Crescent and Norris Crescent in Bundoora, this property offers a world of possibilities. Whether you're considering future development, a shop extension (STCA), or envisioning your dream project, business, or family home, this versatile hybrid residential/shop combination is ready to accommodate your every need (STCA).

Conveniently located just moments from Bundoora Square shopping center, the property provides effortless access to nearby schools, parks (Darebin Creek), bus routes along Settlement Rd, and Tram 86 on Plenty Road. Enjoy the close proximity to RMIT University and La Trobe University.
The Neilsen Crescent frontage features a spacious multi-use shop with a storage/refrigerated area, a kitchen, and a toilet. The attached home, accessible via both a separate entrance from Norris Crescent and through the shop, includes 3 robed bedrooms, 1 bathroom, a spacious kitchen/meals area, and a separate living zone.

With ample land surrounding the home and 3 car spaces on title, this property is perfectly suited for a variety of business ventures (STCA). If you've been waiting for something out of the ordinary or the ideal place to start your project, this standout opportunity should not be missed. Secure this rare, land-rich corner and unleash its potential for future growth or owner occupation!

Land size: 613 m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60/90 days or by agreement
House Rental Assessment: $450-$500 per week (approx)
Shop Rental Assessment: $28,000 per annum + outgoings + GST (approx)

** Please note the concept sketches are preliminary concepts intended to inspire creative ideas and explore potential possibilities only. They are not finalized designs and are subject to Council approval (STCA). ***

Estimated Sale & Rental Appraisal:

CASE SCENARIO 1 (2 dwellings)

Unit 1 - 312sqm land &196sqm dwelling
- 4 bedrooms + study
- 2 bathrooms + powder room (1 ensuite + 1 central bathroom)
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $800,000 - $880,000
*Estimated Rental Appraisal: $680 - $720 p/w

Unit 2 - 200sqm land & 226sqm dwelling
- 4 bedrooms + study
- 3 bathrooms + powder room (2 ensuite + 1 central bathroom)
- 2 car garage
*Estimated Sale Appraisal: $840,000 - $930,000
*Estimated Rental Appraisal: $700 - $750 p/w

CASE SCENARIO 2 (3 dwellings)

Unit 1 - 239sqm land & 161sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $730,000 - $800,000
*Estimated Rental Appraisal: $600 - $650 p/w

Unit 2 - 167sqm land & 132sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $700,000 - $770,000
*Estimated Rental Appraisal: $600 - $650 p/w

Unit 3 - 206sqm land &155sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car carport + 1 extra open car space
*Estimated Sale Appraisal: $680,000 - $750,000
*Estimated Rental Appraisal: $600 - $650 p/w

** Preliminary Build Quotation based on the concept sketches can be provided upon request **

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Property History for 2 Neilsen Cres, Bundoora, VIC 3083

A timeline of how this property has performed in the market
Last Sold
12 Sep 2024
  • 12 Sep 2024
    Sold
  • 31 Jul 2024
    Listed for Sale Asking $719,000
  • 05 Mar 2021
    Transferred
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About Bundoora 3083

The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2011 was 25,709 people. By 2016 the population was 28,648 showing a population growth of 11.4% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation. In 2011, 75.6% of the homes in Bundoora were owner-occupied compared with 68.9% in 2016.

Bundoora has 13,905 properties. Over the last 5 years, Houses in Bundoora have seen a 17.65% increase in median value, while Units have seen a 24.15% increase. As at 31 October 2024:

  • The median value for Houses in Bundoora is $875,351 while the median value for Units is $512,547.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 87 properties listed for sale, and 35 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 509 properties were sold in the past 12 months in Bundoora.

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