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Sold on 08 Oct 2024 - Price Unavailable

254-258 Nepean Highway
Edithvale VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 870m2
Land area: 439m2
Sold By
Belle Property St Kilda
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Property Details for 254-258 Nepean Hwy, Edithvale

Building Type
Land
Floor Size
870m2
Land Size
439m2
Local Government
Kingston
Lot/Plan
3/LP5459

Last Listing description (October 2024)

Land area: 1320sqm (approx.)
Plans and permits approved*
All documentation included

This exceptional site, spanning approximately 1320sqm, comes with approved plans and permits for a mixed-use development. Situated in the heart of Edithvale, mere steps from the pristine shoreline, the project ingeniously incorporates the historic Art Deco movie theatre, Plains Hall, into its design. This thoughtful blend of heritage and contemporary living creates a unique and appealing aesthetic.

The approved plans include seven townhouses with water views, three apartments, and three retail units, forming a vibrant mixed-use community. Notably, four of the townhouses will feature rooftop decks. This innovative design preserves a local landmark while catering to the high demand in this desirable suburb. Located just 100 meters from Edithvale Beach and Lifesaving Club, and in close proximity to the new Edithvale Station, schools, Aspendale Gardens Shopping Centre, and Beeson Reserve, this development promises an enviable lifestyle for future residents.

All necessary documentation and 3D renders are included, simplifying marketing and visualisation of the final product. The only remaining step is to select a builder and commence construction.

This development site provides a rare opportunity to shape the future of Edithvale's beachside hub, merging historical charm with modern convenience.

3D Renders etc included for marketing
Comprising:
7x Townhouses (4x with rooftop decks)
3x Apartments
3x Retail units
Water views from finished townhouses
High demand suburb
100m to Edithvale beach and lifesaving club
New Edithvale Station
*Builder to be appointed for building permit.

Transaction Advisor: Greville Pabst

Property History for 254-258 Nepean Hwy, Edithvale, VIC 3196

A timeline of how this property has performed in the market
Last Sold
08 Oct 2024
Listed for Rent
$78k/w
06 Mar 2020
  • 08 Oct 2024
    Sold
  • 12 Jul 2024
    Listed for Sale $3,300,000 - $3,600,000
  • 20 Jan 2023
    Listed for Sale $4,000,000 - $4,200,000
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About Edithvale 3196

The size of Edithvale is approximately 2 square kilometres. It has 6 parks covering nearly 18.6% of total area. The population of Edithvale in 2011 was 5,449 people. By 2016 the population was 5,822 showing a population growth of 6.8% in the area during that time. The predominant age group in Edithvale is 40-49 years. Households in Edithvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Edithvale work in a professional occupation. In 2011, 73.1% of the homes in Edithvale were owner-occupied compared with 71.8% in 2016.

Edithvale has 3,405 properties. Over the last 5 years, Houses in Edithvale have seen a 29.35% increase in median value, while Units have seen a 19.79% increase. As at 31 October 2024:

  • The median value for Houses in Edithvale is $1,276,396 while the median value for Units is $843,708.
  • Houses have a median rent of $690 while Units have a median rent of $620.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Edithvale on OnTheHouse. According to CoreLogic's data, 158 properties were sold in the past 12 months in Edithvale.

Suburb Insights for Edithvale 3196

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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.