1096 Main RoadEltham VIC 3095
Property Details for 1096 Main Rd, Eltham
Last Listing description (July 2023)
"RECUCED PRICE"
Located on a corner on Main Road Eltham and within a 2 minute walk to Eltham Village, local parks and walking trails, sports and recreational facilities, bus services and railway station is this renovated/converted house that is currently used as a 4-room medical clinic with a reception/waiting room, kitchen, laundry and two bathrooms. The property sits up proudly on a large 988sqm approx. parcel of land with a GRZ1 zoning.
Currently operating as an Allied Health practice in a high exposure position generating an income of approximately $74,000 per annum with room to increase this rent return or even take the property over to use yourself or even keep the tenants and utilise some space at the same time. The options are endless.
Contact: Terry Gazelle 0438 196 480
Property History for 1096 Main Rd, Eltham, VIC 3095
- 08 Apr 2024Sold for $1,331,000
- 03 Feb 2023Listed for Sale $1,350,000 - $1,450,000
- 06 Aug 2015Sold for $980,000
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0About Eltham 3095
The size of Eltham is approximately 16.6 square kilometres. It has 55 parks covering nearly 15.2% of total area. The population of Eltham in 2011 was 18,162 people. By 2016 the population was 18,303 showing a population growth of 0.8% in the area during that time. The predominant age group in Eltham is 40-49 years. Households in Eltham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eltham work in a professional occupation. In 2011, 85.6% of the homes in Eltham were owner-occupied compared with 85.5% in 2016.
Eltham has 8,532 properties. Over the last 5 years, Houses in Eltham have seen a 30.55% increase in median value, while Units have seen a 15.94% increase. As at 31 October 2024:
- The median value for Houses in Eltham is $1,248,494 while the median value for Units is $779,301.
- Houses have a median rent of $670 while Units have a median rent of $595.
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