SOLD
Sold on 06 Jun 2024 for $1,200,000

23 Korong Road
Heidelberg West VIC 3081

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 270m2
Land area: 669m2
Sold By
Miles Real Estate
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Property Details for 23 Korong Rd, Heidelberg West

Building Type
Commercial
Floor Size
270m2
Land Size
669m2
Local Government
Banyule
Lot/Plan
1/TP624405

Last Listing description (October 2023)

SOLD By Miles Real Estate.
This multi-purpose brick factory enjoys the benefit of a corner location, with a rear yard and access from Orthla Avenue. It provides scope for further development and improvement (STCA).
- Total building area: 270 sq. metres (approx.)

- Reception and office accommodation
- Land area: 670 sq. metres (approx.)
- (40 metre frontage to Orthla Avenue)
- Two roller doors giving access to rear yard
- On-site parking
- Terrific exposure in the tightly held Industrial Estate
- Zoned: Industrial 1
- To be sold subject to an overholding lease

Terms: 10% Deposit Balance 60/90 Days
For further details or to inspect contact:

Tim Mitchell 0417 339 986
Paul Evans 0408 144 181

Property History for 23 Korong Rd, Heidelberg West, VIC 3081

A timeline of how this property has performed in the market
Last Sold
$1,200,000
06 Jun 2024
Listed for Rent
23 May 2017
  • 06 Jun 2024
    Sold for $1,200,000
  • 06 Sep 2023
    Listed for Sale $1,250,000
  • 20 Mar 2017
    Listed for Rent - Price not available
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About Heidelberg West 3081

The size of Heidelberg West is approximately 3.2 square kilometres. It has 9 parks covering nearly 14.1% of total area. The population of Heidelberg West in 2011 was 5,327 people. By 2016 the population was 5,561 showing a population growth of 4.4% in the area during that time. The predominant age group in Heidelberg West is 20-29 years. Households in Heidelberg West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg West work in a professional occupation. In 2011, 38.5% of the homes in Heidelberg West were owner-occupied compared with 37.9% in 2016.

Heidelberg West has 4,113 properties. Over the last 5 years, Houses in Heidelberg West have seen a 15.35% increase in median value, while Units have seen a 16.73% increase. As at 31 October 2024:

  • The median value for Houses in Heidelberg West is $841,878 while the median value for Units is $679,353.
  • Houses have a median rent of $510 while Units have a median rent of $585.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Heidelberg west on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Heidelberg west.

Suburb Insights for Heidelberg West 3081

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.