SOLD
Sold on 02 Jan 2024 for $308,000

48/36 Norfolk Court
Coburg North VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 97m2
Land area: 97m2
Sold By
Area Specialist Burnside
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Property Details for 48/36 Norfolk Ct, Coburg North

Building Type
Commercial
Floor Size
97m2
Land Size
97m2
Local Government
Merri-Bek
Lot/Plan
90/SP25085

Last Listing description (June 2024)

Great opportunity to buy one of the cheapest factories on the market. Ideal for any trades including cabinet makers, mechanics, builders, or plumbers or use it as an office space or store your prestige's car, boat or caravan.
Set amongst a security complex giving you peace of mind, this also offers a great location within easy access to the city, freeways and many other local businesses in a growing and well established area.

Potentially a great return on investment/yield.

Set on a 97 square metre block approx, which includes car space and 68 square approx. of internal factory/warehouse space.

What's your next move?

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 48/36 Norfolk Ct, Coburg North, VIC 3058

A timeline of how this property has performed in the market
Last Sold
$308,000
02 Jan 2024
  • 02 Jan 2024
    Sold for $308,000
  • 04 Dec 2023
    Listed for Sale UNDER OFFER
  • 24 Sep 2003
    Sold for $60,500
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About Coburg North 3058

The size of Coburg North is approximately 4.9 square kilometres. It has 20 parks covering nearly 18.4% of total area. The population of Coburg North in 2011 was 6,575 people. By 2016 the population was 7,615 showing a population growth of 15.8% in the area during that time. The predominant age group in Coburg North is 30-39 years. Households in Coburg North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg North work in a professional occupation. In 2011, 66.7% of the homes in Coburg North were owner-occupied compared with 66% in 2016.

Coburg North has 5,197 properties. Over the last 5 years, Houses in Coburg North have seen a 24.18% increase in median value, while Units have seen a 12.64% increase. As at 30 November 2024:

  • The median value for Houses in Coburg North is $1,054,204 while the median value for Units is $687,907.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 12 properties listed for sale, and 15 properties listed for rent in Coburg north on OnTheHouse. According to CoreLogic's data, 192 properties were sold in the past 12 months in Coburg north.

Suburb Insights for Coburg North 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.