SOLD
Sold on 11 Oct 2023 for $1,230,000

6/14-17 Railway Crescent
Croydon VIC 3136

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 309m2
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Property Details for 6/14-17 Railway Cres, Croydon

Building Type
Commercial
Floor Size
260m2
Land Size
309m2
Local Government
Maroondah
Lot/Plan
6/RP14507

Last Listing description (October 2023)

Factory 6 / 14-17 Railway Crescent Croydon is proudly for sale.

Offering:
Street fronted access

Each unit 260sqm approx with two available.
Fantastic onsite parking.
3 Phase power.
Good natural light.
Lease commenced on 1 July 2023 for 3 years.
No further options.
The original lease has a redevelopment clause, with 12 months notice.
Rent: $25,556 P.A. plus GST + Outgoings.
Annual CPI increases.
This location has also been marked as possible future residential redevelopment of 3 to 4 story buildings STCA.
With the level crossing in Croydon to be removed and the station to have an overhaul Croydon properties are sure to see some huge growth over the coming years.

For further information or to organize an inspection please call James Johnson on 0423 691 148
JJ Industrial Real Estate Tsimos commercial
03 9585 1599
Suite 9 / 653 Mountain Hwy, Bayswater VIC 3153

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Property History for 6/14-17 Railway Cres, Croydon, VIC 3136

A timeline of how this property has performed in the market
Last Sold
$1,230,000
11 Oct 2023
Listed for Rent
$46k/w
19 Jun 2020
  • 11 Oct 2023
    Sold for $1,230,000
  • 04 Oct 2023
    Listed for Sale $695,000
  • 30 Apr 2020
    Listed for Rent $45,662 / year
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About Croydon 3136

The size of Croydon is approximately 14.1 square kilometres. It has 52 parks covering nearly 13.7% of total area. The population of Croydon in 2011 was 23,552 people. By 2016 the population was 26,958 showing a population growth of 14.5% in the area during that time. The predominant age group in Croydon is 30-39 years. Households in Croydon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon work in a professional occupation. In 2011, 71.3% of the homes in Croydon were owner-occupied compared with 70.1% in 2016.

Croydon has 15,652 properties. Over the last 5 years, Houses in Croydon have seen a 28.86% increase in median value, while Units have seen a 15.51% increase. As at 31 July 2024:

  • The median value for Houses in Croydon is $951,217 while the median value for Units is $628,645.
  • Houses have a median rent of $578 while Units have a median rent of $528.
There are currently 38 properties listed for sale, and 13 properties listed for rent in Croydon on OnTheHouse. According to CoreLogic's data, 636 properties were sold in the past 12 months in Croydon.

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