213/1142 Mt Alexander RoadEssendon VIC 3040
Property Details for 213/1142 Mt Alexander Rd, Essendon
213/1142 Mt Alexander Rd, Essendon is a 1 bedroom, 1 bathroom Unit and was built in 2005. The property has a land size of 2872m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Essendon in the last 12 months.
Last Listing description (August 2022)
On offer is a guaranteed return of $386.14 per week for a 1 bedroom, 1 Bathroom at Punt Hill, The Essendon Grand.
Strictly, only for the Investor, is this roomy apartment, with NEW 5 YEAR Lease just agreed to & commencing on the 20th February 2021.
Existing tenant, PUNT HILL has been in occupation for the past 15 years & with another Two (2) further 5 year options.
The numbers are big for a 1 bedroom at this price point; $20,079.48 per annum, $1,673.29 per month or $386.14 per week.
The apartment itself is located on the 2nd floor of this iconic pub, located at the rear of the complex facing East.
Quality fit-out including granite benches, stainless steel appliances, heating, cooling, window furnishings and Euro laundry.
Superb location with shops, public transport, pubs and major roads nearby.
NO OWNER OCCUPIERS
Ideal for your own Superannuation fund.
Property History for 213/1142 Mt Alexander Rd, Essendon, VIC 3040
- 02 May 2024Sold for $290,000
- 06 May 2022Listed for Sale $270,000 - $290,000
- 20 Oct 2016Listed for Sale $300,000 to $320,000
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2011 was 18,852 people. By 2016 the population was 20,611 showing a population growth of 9.3% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon work in a professional occupation. In 2011, 64% of the homes in Essendon were owner-occupied compared with 60.2% in 2016.
Essendon has 12,884 properties. Over the last 5 years, Houses in Essendon have seen a 21.21% increase in median value, while Units have seen a -3.61% decrease. As at 31 October 2024:
- The median value for Houses in Essendon is $1,847,895 while the median value for Units is $544,365.
- Houses have a median rent of $690 while Units have a median rent of $490.
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