SOLD
Sold on 16 Feb 2024 for $1,567,500

462 Church Street
Cremorne VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 156m2
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Property Details for 462 Church St, Cremorne

Building Type
Commercial
Land Size
156m2
Local Government
Yarra
Lot/Plan
1/TP683561

Last Listing description (November 2023)

Gorman Allard Shelton is pleased to offer 462 Church Street, Cremorne for sale by public Auction on Friday 24 November 2023 at 12 noon on-site.

Acquire this well-located prime retail/hospitality opportunity within one of Melbourne's most bustling precincts.

* Land area: 156 sqm approx.

* Fully fitted for restaurant & hospitality use
* Large outdoor seating area
* Rear access via Milton Place & on-site parking
* Future development upside (STCA)
* Walking distance to Melbourne's Sports & Entertainment Precinct, MCG and AAMI Park
* Metres from the intersection of Church and Swan Street, East Richmond Train Station and adjoining Council car park

Surrounded by some of Melbourne's finest eateries and most popular nightlife, as well as being underpinned by one of Melbourne's best mixed-use suburbs.

Open for inspection:

Tuesday 31st October 12:00pm: 12:30pm
Wednesday 8th November 12:00pm: 12:30pm
Tuesday 14th November 12:00pm: 12:30pm
Tuesday 21st November 12:00pm: 12:30pm

Property History for 462 Church St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,567,500
16 Feb 2024
Listed for Rent
$60k/w
13 Oct 2023
  • 16 Feb 2024
    Sold for $1,567,500
  • 26 Oct 2023
    Listed for Sale Contact Agent
  • 22 Mar 2023
    Listed for Rent - Price not available
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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 2,227 properties. Over the last 5 years, Houses in Cremorne have seen a -6.55% decrease in median value, while Units have seen a 4.41% increase. As at 30 November 2024:

  • The median value for Houses in Cremorne is $1,266,798 while the median value for Units is $703,379.
  • Houses have a median rent of $763 while Units have a median rent of $645.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 95 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.