39 Morton StreetClayton VIC 3168
Property Details for 39 Morton St, Clayton
39 Morton St, Clayton is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 763m2 and floor size of 149m2. While the property is not currently for sale or for rent, it was last sold in June 2015.
Last Listing description (December 2016)
Look at the location! Imagine the opportunities! Envision the endless potential that awaits developers and investors alike, looking for a premium block that can potentially offer high rental return or a high resale for your project.
Due to the proximity to Monash University, Hundreds of Millions of Dollars of commercial, retail and residential development across the road and nearby Dandenong & Blackburn Rd's, even Blind Freddie can see this one is a Winner!!!!!!
Based on recent sales in this pocket......this area is Booming and will continue to grow for many years to come.
-10/15 Apartments -Shops/Apartments (Commercial Zoning Next Door)
-4/5 Terrace Dwellings (Resale $750 000)
-Multiple Town Houses (Resale $850-$900 000 with the right design and layout)
-Dual Occupancy (renovate the front build at the back)
For Investors (Location and Potential Cash Flow)
-Convert existing house into a rooming house - build at the back for even higher Cash Flow (Returning Approximately $4500per month based on 24 Morton St Clayton)
-Growth area with potential that Council may rezone (Currently right next to commercial zoning and growth Zone (GRZ3)
-New shopping Centre Being Built Only Metres away on Blackburn Rd/Dandenong Rd (With K-Mart and Safe Way being potential tenants)
-Land Size approx.765m2, 17m X 45m
Proposed GRZ6* What is GRZ6 The General Residential Zone (GRZ6) applies to residential land within the Clayton Activity Centre. This zone encourages greater housing intensity and diversity within the Clayton Activity Centre. For information on what the zone allows click here http://www.newresidentialzonesmonash.com.au/new-residential-zones
Property History for 39 Morton St, Clayton, VIC 3168
- 27 Jul 2016Listed for Sale $1,383,888
- 20 Jan 2016Listed for Rent $395 / week
- 05 Jun 2015Sold for $1,200,000
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0About Clayton 3168
The size of Clayton is approximately 7.9 square kilometres. It has 9 parks covering nearly 4.1% of total area. The population of Clayton in 2011 was 15,543 people. By 2016 the population was 19,348 showing a population growth of 24.5% in the area during that time. The predominant age group in Clayton is 20-29 years. Households in Clayton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clayton work in a professional occupation. In 2011, 40.2% of the homes in Clayton were owner-occupied compared with 35.2% in 2016.
Clayton has 11,879 properties. Over the last 5 years, Houses in Clayton have seen a 3.10% increase in median value, while Units have seen a 4.16% increase. As at 31 October 2024:
- The median value for Houses in Clayton is $1,166,254 while the median value for Units is $637,749.
- Houses have a median rent of $600 while Units have a median rent of $550.
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