OFF MARKET

1 Maher Street
Fawkner VIC 3060

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Land area: 743m2
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Last updated 16 Sep 2024
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Property Details for 1 Maher St, Fawkner

1 Maher St, Fawkner is a 6 bedroom, 3 bathroom House and was built in 1970. The property has a land size of 743m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1970
Land Size
743m2
Local Government
Merri-Bek
Lot/Plan
97/LP25834

Last Listing description (October 2023)

Are you looking for an incredible investment opportunity in Fawkner? Look no further! We are thrilled to present this unique property featuring not just one, but three homes on a single title - a true gem for developers and investors alike!

**Property Highlights**

Ideal Location: Situated close to local Bonwick Street shops, schools, and excellent transport links, this property offers convenience at its finest. Your future tenants will love the easy access to everything they need!

Three Homes: The property boasts three homes, each with its own distinct character, including the main home offering 3 bedrooms, large open plan kitchen, meals and spacious seperate lounge. Perfect for for multi-generational living arrangements.

Spacious Land: Enjoy a generous land size of approx 734m2, offering plenty of possibilities for potential expansion or redevelopment (subject to council approval). This is a blank canvas ready for your vision!

Investment Potential: With three homes, this property presents an incredible investment opportunity. With a potential rental income of approx $3,400 per month combined. Whether you're looking for rental income or a strategic development project, this is the one you've been waiting for!

Developers Delight: Unlock the potential of this land by exploring various development options. Fawkner is a thriving suburb, and there's no better time to turn this canvas into a masterpiece. Development potential is subject to council approval.

Whether you're a large family, a savvy investor or an astute developer with an eye for potential, this is an opportunity not to be missed.

Contact Trish Orrico on 0423 336 636 to discuss this fantastic piece of real estate gold in Fawkner.

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Property History for 1 Maher St, Fawkner, VIC 3060

A timeline of how this property has performed in the market
Last Sold
$900,000
26 Aug 2023
Listed for Rent
$340/w
02 Mar 2017
  • 26 Aug 2023
    Sold for $900,000
  • 01 Aug 2023
    Listed for Sale Contact Agent
  • 16 Feb 2017
    Listed for Rent - Price not available
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About Fawkner 3060

The size of Fawkner is approximately 5.3 square kilometres. It has 12 parks covering nearly 15.1% of total area. The population of Fawkner in 2011 was 12,596 people. By 2016 the population was 14,044 showing a population growth of 11.5% in the area during that time. The predominant age group in Fawkner is 30-39 years. Households in Fawkner are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fawkner work in a professional occupation. In 2011, 71% of the homes in Fawkner were owner-occupied compared with 66.7% in 2016.

Fawkner has 6,400 properties. Over the last 5 years, Houses in Fawkner have seen a 18.03% increase in median value, while Units have seen a 26.98% increase. As at 31 August 2024:

  • The median value for Houses in Fawkner is $758,740 while the median value for Units is $584,412.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 37 properties listed for sale, and 17 properties listed for rent in Fawkner on OnTheHouse. According to CoreLogic's data, 265 properties were sold in the past 12 months in Fawkner.

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