SOLD
Sold on 27 Feb 2024 for $521,000

5/354 Nepean Highway
Chelsea VIC 3196

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
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Property Details for 5/354 Nepean Hwy, Chelsea

5/354 Nepean Hwy, Chelsea is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Chelsea in the last 12 months.

Building Type
Unit
Year Built
2015
Floor Size
64m2
Local Government
Kingston
Lot/Plan
5/PS732397

Last Listing description (November 2023)

Fabulously positioned along a coastal corridor that places Chelsea station village within metres, this property offers the opportunity to live around the corner from one of Melbourne's most well-known beaches.
A free-flowing configuration moves seamlessly between the open-concept living & dining domain and sunset courtyard. This interplay between inside and out favours the entertainer, while contributing to the property's light & airy atmosphere.
The soft, neutral colour palette is punctuated by the natural textures of the engineered flooring and bespoke kitchen cabinetry. Clean lines and open space curate a sleek and modern aesthetic.

Floor plan features include two bedrooms with BIR, bathroom/laundry, storage shed, and carport. Further highlights include a sunrise patio in the primary bedroom, courtyard kitchenette, and living room split-system A/C.
This property is situated in the heart of Chelsea within walking distance of retail districts, local wetlands, and the waterfront.

Property History for 5/354 Nepean Hwy, Chelsea, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$521,000
27 Feb 2024
Listed for Rent
$405/w
12 May 2020
  • 27 Feb 2024
    Sold for $521,000
  • 19 Sep 2023
    Listed for Sale $540,000 - $594,000
  • 23 Apr 2020
    Listed for Rent - Price not available
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About Chelsea 3196

The size of Chelsea is approximately 2.6 square kilometres. It has 6 parks covering nearly 13.8% of total area. The population of Chelsea in 2011 was 7,222 people. By 2016 the population was 7,779 showing a population growth of 7.7% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation. In 2011, 62.1% of the homes in Chelsea were owner-occupied compared with 63.2% in 2016.

Chelsea has 5,002 properties. Over the last 5 years, Houses in Chelsea have seen a 31.26% increase in median value, while Units have seen a 22.44% increase. As at 31 August 2024:

  • The median value for Houses in Chelsea is $1,095,849 while the median value for Units is $701,401.
  • Houses have a median rent of $600 while Units have a median rent of $525.
There are currently 20 properties listed for sale, and 3 properties listed for rent in Chelsea on OnTheHouse. According to CoreLogic's data, 195 properties were sold in the past 12 months in Chelsea.

Suburb Insights for Chelsea 3196

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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.