SOLD
Sold on 25 Jul 2024 for $425,000

409/685 Burke Road
Camberwell VIC 3124

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 1205m2
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Property Details for 409/685 Burke Rd, Camberwell

Building Type
Commercial
Land Size
1205m2
Local Government
Boroondara
Lot/Plan
41/PS504191

Last Listing description (November 2023)

The Property
* View the virtual tour and floor plan
* Current month-to-month tenant in place, going concern sale (no GST applicable)

* Occupy immediately, or collect the rent and move in later
* The asking price reflects $5,900 per sqm. Outstanding value!
* Classy 5 level office building
* 80 sqm office, 1 car park designated under the building
* On the fourth floor
* Carpeted and ducted air conditioning
* Combination of open plan and partitioned rooms
* Bathrooms and kitchenette on each level that are always immaculately maintained
* Disabled access into the building and elevators to each level
* Lots of off-street car parking in surrounding side streets

The Location
* Just off popular Camberwell Junction
* Quick and easy walk to a myriad of amenity and shopping
* Trains and trams nearby
* EastLink and Monash are on either side of you and easy access to all linking traffic routes

Property History for 409/685 Burke Rd, Camberwell, VIC 3124

A timeline of how this property has performed in the market
Last Sold
$425,000
25 Jul 2024
Listed for Rent
$489/w
29 Apr 2019
  • 25 Jul 2024
    Sold for $425,000
  • 17 Mar 2023
    Listed for Sale Asking $475,000
  • 12 Feb 2019
    Listed for Rent $25,500 / year
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About Camberwell 3124

The size of Camberwell is approximately 7.7 square kilometres. It has 24 parks covering nearly 5.8% of total area. The population of Camberwell in 2011 was 20,028 people. By 2016 the population was 22,063 showing a population growth of 10.2% in the area during that time. The predominant age group in Camberwell is 10-19 years. Households in Camberwell are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Camberwell work in a professional occupation. In 2011, 76.3% of the homes in Camberwell were owner-occupied compared with 70.9% in 2016.

Camberwell has 11,729 properties. Over the last 5 years, Houses in Camberwell have seen a 17.47% increase in median value, while Units have seen a 8.34% increase. As at 30 September 2024:

  • The median value for Houses in Camberwell is $2,587,445 while the median value for Units is $878,301.
  • Houses have a median rent of $950 while Units have a median rent of $600.
There are currently 30 properties listed for sale, and 13 properties listed for rent in Camberwell on OnTheHouse. According to CoreLogic's data, 452 properties were sold in the past 12 months in Camberwell.

Suburb Insights for Camberwell 3124

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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.