96 Rae AvenueEdithvale VIC 3196
Property Details for 96 Rae Ave, Edithvale
Last Listing description (October 2024)
Uncover the potential offered by this red brick home occupying an oversized 696sqm (approx) merely a kilometre from the sparkling waters of Port Phillip Bay. An exciting opportunity to add value, it not only has the beach nearby but also every other needed necessity ensuring a fabulous family way of life.
Offering accommodation that is ready for a modern refresh, the home is enhanced by high ceilings and hardwood floors and features a comfortable lounge and dine-in kitchen along with up to three bedrooms (two with robes). A central bathroom and laundry leading out to the deep backyard with a generous shed are also offered. A perfect land bank opportunity to secure a substantial slice of Edithvale's sought-after Golden Square, this is an exciting chance to make your mark.
With options to renovate what's here to create a contemporary base for today with scope to extend as your family grows, there is also the option to clear the lovely land and start afresh with the luxury new home or designer subdivision of your choosing (all STCA).
An easy walk straight down to the station, shops & cafs, and with buses running past the door, the home is also a quick trip through to Edithvale Reserve and sporting clubs as well as parklands and the primary school.
Property History for 96 Rae Ave, Edithvale, VIC 3196
- 17 Jul 2024Sold for $1,260,000
- 26 Jun 2024Listed for Sale $1,260,000
- 25 May 2021Sold for $1,185,000
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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.
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