8/3 Kingston RoadHeatherton VIC 3202
Property Details for 8/3 Kingston Rd, Heatherton
8/3 Kingston Rd, Heatherton is a 2 bedroom, 2 bathroom Unit and was built in 2011. The property has a floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Last Listing description (October 2019)
**INVESTORS ONLY**
Quest Moorabbin was completed in 2011 and is located in the heart of Melbournes south-east business district only minutes from Monash Medical Centre and Hospital, busy Moorabbin Airport and nearby shopping centres including DFO Moorabbin, Southland and Chadstone.
With some of the worlds best 'sand belt' golf courses on it's doorstep, Quest Moorabbin also offers high quality 4 star accommodation for golfing enthusiasts.
A two bedroom dual key apartments with a fully equipped kitchen and a kitchenette for the studio, laundry facilities, generous living & dining area, car park on title and balcony. The complex also includes a large conference room.
CARPET AND PAINT WAS REDONE IN 2016.
Lease Details:
Current Rent: $605 per week ($31,466 per annum)
Current Return: 7.15% Gross / Net 6.58%
Increases as follows:
March 2020- $32,725 - 7.43% gross
March 2021- Market Review
Lease Terms: Lease to 27/03/2026 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Approximate Owner Outgoings:
Council Rates: $1380 per annum
Water Rates: $665 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $449 per annum
Property History for 8/3 Kingston Rd, Heatherton, VIC 3202
- 17 Oct 2019Sold for $450,000
- 19 Sep 2019Listed for Sale SOLD - $450,000
- 19 Aug 2016Sold for $415,000
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0About Heatherton 3202
The size of Heatherton is approximately 7 square kilometres. It has 20 parks covering nearly 33.1% of total area. The population of Heatherton in 2011 was 2,768 people. By 2016 the population was 2,901 showing a population growth of 4.8% in the area during that time. The predominant age group in Heatherton is 40-49 years. Households in Heatherton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heatherton work in a professional occupation. In 2011, 73.8% of the homes in Heatherton were owner-occupied compared with 70.6% in 2016.
Heatherton has 1,395 properties. Over the last 5 years, Houses in Heatherton have seen a 22.82% increase in median value, while Units have seen a 24.67% increase. As at 31 August 2024:
- The median value for Houses in Heatherton is $1,096,169 while the median value for Units is $647,090.
- Houses have a median rent of $750 while Units have a median rent of $515.
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