SOLD
Sold on 09 Aug 2024 for $5,081,000

626 Burke Road
Camberwell VIC 3124

Bedrooms: -
Bathrooms: -
Car spaces: 350
Floor area: 228m2
Land area: 262m2
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Property Details for 626 Burke Rd, Camberwell

Building Type
Commercial
Floor Size
228m2
Land Size
262m2
Local Government
Boroondara
Lot/Plan
1/TP170193

Last Listing description (October 2023)

- Prime retail freehold investment of 238 sqm* GLA

- Strategic and irreplaceable land holding of 261 sqm*

- Leased to 2 tenants including House, Australia's largest kitchen and dining ware retailer

- Servicing some of Melbourne's most affluent suburbs including Hawthorn, Camberwell & Kew

- Surrounded by an abundance of national retailers and in close proximity to Coles & Woolworths Supermarkets

- Premium convenience with more than 350 free at-grade car spaces adjoining the rear

- Future redevelopment potential (STCA) with major high density developments being delivered in the immediate area

- Net passing income of$310,000 per annum*

*approx

Property History for 626 Burke Rd, Camberwell, VIC 3124

A timeline of how this property has performed in the market
Last Sold
$5,081,000
09 Aug 2024
Listed for Rent
05 Nov 2019
  • 09 Aug 2024
    Sold for $5,081,000
  • 09 Nov 2020
    Listed for Sale Contact Agent
  • 04 Aug 2019
    Listed for Sale $150,000
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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 11,815 properties. Over the last 5 years, Houses in Camberwell have seen a 10.11% increase in median value, while Units have seen a 1.65% increase. As at 30 November 2024:

  • The median value for Houses in Camberwell is $2,547,709 while the median value for Units is $873,817.
  • Houses have a median rent of $950 while Units have a median rent of $610.
There are currently 29 properties listed for sale, and 15 properties listed for rent in Camberwell on OnTheHouse. According to CoreLogic's data, 449 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.