OFF MARKET

238 Wells Road
Chelsea Heights VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 191m2
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Last updated 16 Sep 2024
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Property Details for 238 Wells Rd, Chelsea Heights

238 Wells Rd, Chelsea Heights is a bedroom, bathroom Unit. The property has a land size of 191m2. While the property is not currently for sale or for rent, it was last sold in September 2014.

Building Type
Unit
Land Size
191m2
Local Government
Kingston
Lot/Plan
31/LP61499

Last Listing description (August 2014)

Tenanted Investment - A Cut Above The Rest.
Paul Johnston Commercial Industrial
Ray White Chelsea 9772 5333

This property is a secure long term investment, in a busy local residential shopping strip, opposite a thriving modern commercial/industrial area.
* Secure 3 year lease to tenant operating hairdresser/cafe.
* 2x3 year options.
* Comprises large open shop area.
* Numerous storage and beauty rooms.
* Private courtyard.
* Ample parking.
* Rear lane access.
* Building is approx 105m2
* Develop above?
Contact Paul Johnston for an inspection.

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Property History for 238 Wells Rd, Chelsea Heights, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$345,000
05 Sep 2014
  • 05 Sep 2014
    Sold for $345,000
  • 15 Mar 2013
    Listed for Sale $375,000
  • 16 Feb 2010
    Listed for Sale 375000
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About Chelsea Heights 3196

The size of Chelsea Heights is approximately 3.1 square kilometres. It has 8 parks covering nearly 21% of total area. The population of Chelsea Heights in 2011 was 5,185 people. By 2016 the population was 5,339 showing a population growth of 3.0% in the area during that time. The predominant age group in Chelsea Heights is 40-49 years. Households in Chelsea Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea Heights work in a professional occupation. In 2011, 78.8% of the homes in Chelsea Heights were owner-occupied compared with 82.7% in 2016.

Chelsea Heights has 2,550 properties. Over the last 5 years, Houses in Chelsea Heights have seen a 30.06% increase in median value, while Units have seen a 15.40% increase. As at 31 August 2024:

  • The median value for Houses in Chelsea Heights is $977,026 while the median value for Units is $703,093.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Chelsea heights on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Chelsea heights.

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