5 Thelma AvenueEssendon North VIC 3041
Property Details for 5 Thelma Ave, Essendon North
5 Thelma Ave, Essendon North is a 2 bedroom, 1 bathroom House and was built in 1930. The property has a land size of 631m2 and floor size of 175m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (March 2024)
This generously sized property on a 631m2 block with dual street frontage presents a rare opportunity for home buyers, investors, and developers with the property's potential for a home site or redevelopment (subject to council approval). Alternatively, take advantage of the council approved permit for National Disability Insurance Scheme (NDIS), the property is perfectly suited for those looking to develop specialist disability accommodation. The approved permits includes 8 apartments for long-term residents with 24/7 care provision, presenting a unique and rewarding investment opportunity. Conveniently located close to public transportation, including trams and bus routes, and within walking distance to the area's popular cafes, renowned eateries, and vibrant retail precinct on Keilor Road, the property is also easily accessible to Melbourne Airport and the CBD via the Tullamarine Freeway/Citylink. This property represents an excellent opportunity to invest in a high-demand area, with potential for development, renovation, or specialised care. Full details are available upon request. NB: The property has been extensively damaged by fire and will be sold in its current state. There will be no inspections conducted and persons are not permitted on site at any time.
Property History for 5 Thelma Ave, Essendon North, VIC 3041
- 13 Jun 2023Listed for Sale Not Disclosed
- 15 Apr 2023Sold for $1,212,000
- 21 Mar 2023Listed for Sale Contact Agent
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About Essendon North 3041
The size of Essendon North is approximately 0.8 square kilometres. It has 4 parks covering nearly 2.5% of total area. The population of Essendon North in 2011 was 2,287 people. By 2016 the population was 2,979 showing a population growth of 30.3% in the area during that time. The predominant age group in Essendon North is 30-39 years. Households in Essendon North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon North work in a professional occupation. In 2011, 62.1% of the homes in Essendon North were owner-occupied compared with 49.8% in 2016.
Essendon North has 2,402 properties. Over the last 5 years, Houses in Essendon North have seen a 40.69% increase in median value, while Units have seen a 8.97% increase. As at 31 August 2024:
- The median value for Houses in Essendon North is $1,530,345 while the median value for Units is $465,918.
- Houses have a median rent of $550 while Units have a median rent of $475.
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