42 Magnolia RoadGardenvale VIC 3185
Property Details for 42 Magnolia Rd, Gardenvale
Last Listing description (December 2018)
**AUCTION: Sunday 28th October 2018 at 12pm onsite**
FIRST TIME OFFERED IN 50 YEARS
Whole block of apartments positioned in the heart of the highly sought-after suburb of Gardenvale and surrounded by public transport, shopping precincts and schools.
Substantial land holding of 928m2*
Zoning: Neighbourhood Residential Zone 1 (NRZ1)
Current income of $83,244* p.a. with potential for immediate uplift
Value add opportunity invest, develop (STCA) and/or sell down
Onsite car parking
*Approx.
Property History for 42 Magnolia Rd, Gardenvale, VIC 3185
- 06 Sep 2019Sold for $2,830,000
- 28 Oct 2018Sold for $2,830,000
- 26 Sep 2018Listed for Sale Auction 28/10/18
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0About Gardenvale 3185
The size of Gardenvale is approximately 0.3 square kilometres. It has 1 park covering nearly 1.8% of total area. The population of Gardenvale in 2011 was 971 people. By 2016 the population was 1,024 showing a population growth of 5.5% in the area during that time. The predominant age group in Gardenvale is 30-39 years. Households in Gardenvale are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Gardenvale work in a professional occupation. In 2011, 48.9% of the homes in Gardenvale were owner-occupied compared with 49.3% in 2016.
Gardenvale has 706 properties. Over the last 5 years, Houses in Gardenvale have seen a 3.73% increase in median value, while Units have seen a -11.89% decrease. As at 31 October 2024:
- The median value for Houses in Gardenvale is $1,886,615 while the median value for Units is $554,316.
- Houses have a median rent of $575 while Units have a median rent of $390.
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