17/27 The Grove Coburg VIC 3058
Property Details for 17/27 The Grove, Coburg
17/27 The Grove, Coburg is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 1601m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (May 2022)
Investors or first homeowners have a chance to get a solid toehold in the market with this neat and conveniently located apartment. Nestled in a beautiful tree-lined Coburg street and neighbouring some of the area's better known heritage properties, this neat, uncomplicated apartment will provide a strategic investor that extra addition to a property portfolio, or provide first homeowners with an excellent starting point. Upstairs in a two-level complex, this single bedroom flat also offers a bathroom accessible from the bedroom, plus BIR, a brightly lit living space and galley kitchen, plus secure entry and intercom facilities. Owner-occupiers will enjoy a host of local amenities, a good array of shops, cafes and restaurants, as well as access to the #19 tram into the city, and the recently developed Moreland Railway Station is a short walk away. It all forms part of a rapidly developing area that is hotly sought after by owners and renters alike. For investors, this will provide solid rental returns for years to come.
Previously rented at $295 per week
Owners Corporation Fees: $525 per quarter approx.
Property History for 17/27 The Grove, Coburg, VIC 3058
- 06 Apr 2022Sold for $295,000
- 20 Oct 2021Listed for Sale Private Sale $299,000
- 09 Jun 2021Listed for Rent $250 / week
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About Coburg 3058
The size of Coburg is approximately 7 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2011 was 24,976 people. By 2016 the population was 26,172 showing a population growth of 4.8% in the area during that time. The predominant age group in Coburg is 30-39 years. Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation. In 2011, 65.8% of the homes in Coburg were owner-occupied compared with 62.8% in 2016.
Coburg has 14,579 properties. Over the last 5 years, Houses in Coburg have seen a 18.01% increase in median value, while Units have seen a 11.68% increase. As at 30 November 2024:
- The median value for Houses in Coburg is $1,202,178 while the median value for Units is $598,596.
- Houses have a median rent of $695 while Units have a median rent of $540.
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