88 Shaftsbury StreetCoburg VIC 3058
Property Details for 88 Shaftsbury St, Coburg
88 Shaftsbury St, Coburg is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 490m2.This Property is currently listed for sale with Ray White Coburg
Last Listing description (May 2024)
Nazih Abbouchi proudly presents...
Spanning approximately 490 sqm, this property's highly-desirable dimensions include dual-street frontage and rear east-facing perspectives. Recognised for its proximity to local parks & schools, its suitability ranges from undergoing a comprehensive renovation, building a new luxury home, or pursuing multi-unit development (STCA).
Its classical features - tin roof, weatherboard facade, dual chimneys, easterly sunroom - retain a timeless quality that will always continue to appeal. A renovation could bring them back to their original grandeur.
Yet these features present themselves in a favourable development climate that encourages density and a streetscape that is looking increasingly modern. To renovate or build anew - both options appeal with equal significance.
And both will take advantage of a premium location placing schools, churches, and playgrounds within walking distance of the door. Coburg station plaza, Sydney Road commons, and the 58 & 19 trams are right nearby, with Pentridge SC, Coburg Lake, and Coburg North Plaza only moments away.
Highlights
490 sqm approx allotment
Dual street frontage
Rear east-facing perspectives
Development site (STCA)
Options to renovate
Tin roof
Dual chimneys
Weatherboard facade
Original condition
Steps to local churches & schools
Proximity to Coburg Plaza & Sydney Road
Property History for 88 Shaftsbury St, Coburg, VIC 3058
- 12 Sep 2024Listed for Sale Auction - $650,000 - $700,000
- 18 May 2024Sold for $1,006,000
- 17 Apr 2024Listed for Sale Auction - $850,000 - $900,000
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0About 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 14,517 properties. Over the last 5 years, Houses in Coburg have seen a 30.48% increase in median value, while Units have seen a 15.00% increase. As at 31 August 2024:
- The median value for Houses in Coburg is $1,217,287 while the median value for Units is $606,677.
- Houses have a median rent of $680 while Units have a median rent of $520.
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