SOLD
Sold on 11 Oct 2024 for $1,750,000

23 Stephenson Street
Cremorne VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 274m2
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Property Details for 23 Stephenson St, Cremorne

Building Type
Commercial
Land Size
274m2
Local Government
Yarra
Lot/Plan
2/LP68151

Last Listing description (April 2014)

An excellent opportunity presents itself at 23 Stephenson Street, Cremorne.

The property comprises an existing functional warehouse positioned on an allotment of 274m2 (approx).

The site is under a Commercial 2 Zone (B3Z) and would make an ideal location for an office or industrial development (STPA). Being positioned on the corner of a council laneway provides additional development potential.

Cremornes commercial and industrial precinct is only 2 kilometres (approx) south east of the Melbourne Central Business District, and is extremely well serviced by public transport including East Richmond and Richmond Railway Stations, and has easy access to main roads including Swan Street, Punt Road, Church Street and Citylink.

Cremorne is a rapidly evolving commercial precinct which has undergone significant development over recent years and offers outstanding future upside.

Enquire today.

Property History for 23 Stephenson St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,750,000
11 Oct 2024
  • 11 Oct 2024
    Sold for $1,750,000
  • 03 Apr 2014
    Sold for $1,230,000
  • 07 Mar 2014
    Listed for Sale Not Disclosed
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About Cremorne 3121

The size of Cremorne is approximately 0.7 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Cremorne in 2011 was 1,564 people. By 2016 the population was 2,040 showing a population growth of 30.4% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation. In 2011, 50.4% of the homes in Cremorne were owner-occupied compared with 48.9% in 2016.

Cremorne has 2,173 properties. Over the last 5 years, Houses in Cremorne have seen a -3.17% decrease in median value, while Units have seen a -0.47% decrease. As at 31 October 2024:

  • The median value for Houses in Cremorne is $1,292,028 while the median value for Units is $691,141.
  • Houses have a median rent of $800 while Units have a median rent of $643.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Cremorne.

Suburb Insights for Cremorne 3121

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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.