SOLD
Sold on 11 Jul 2024 for $418,000

451B Sydney Road
Coburg VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 60m2
Land area: 30m2
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Property Details for 451b Sydney Rd, Coburg

Building Type
Commercial
Floor Size
60m2
Land Size
30m2
Local Government
Merri-Bek
Lot/Plan
12/PS336784

Last Listing description (September 2023)

A highly successful optometrist business has been here for over a decade. In one of the most popular walkways in Coburg; the entrance to COLES! We have this amazing 30m2 (approx.) area that can be your blank canvas to grow and continue the success that this shop is currently experiencing. Another dollar another day. Same old routine in your way? Been searching for that perfect pocket? Get out of the rat race and be your own boss! Here we have a captive market. Right next to Sydney Road & through to Coburg train station. Ample rear parking, you'll be singing "Visions of love, heavens above, you're a sight for sore eyes" when you discover this fantastic location. AVAILABLE 1 December 2023. Lock in your private inspection now.

Property History for 451b Sydney Rd, Coburg, VIC 3058

A timeline of how this property has performed in the market
Last Sold
$418,000
11 Jul 2024
Listed for Rent
$46k/w
16 Sep 2023
  • 11 Jul 2024
    Sold for $418,000
  • 23 Jul 2023
    Listed for Rent - Price not available
  • 25 May 2012
    Sold for $380,000

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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 14,469 properties. Over the last 5 years, Houses in Coburg have seen a 28.12% increase in median value, while Units have seen a 11.17% increase. As at 30 September 2024:

  • The median value for Houses in Coburg is $1,222,317 while the median value for Units is $588,919.
  • Houses have a median rent of $693 while Units have a median rent of $530.
There are currently 68 properties listed for sale, and 24 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 538 properties were sold in the past 12 months in Coburg.

Suburb Insights for Coburg 3058

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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.