SOLD
Sold on 28 Feb 2024 for $5,291,000

36 Northern Road
Heidelberg West VIC 3081

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2383m2
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Property Details for 36 Northern Rd, Heidelberg West

Building Type
Commercial
Land Size
2383m2
Local Government
Banyule
Lot/Plan
1/PS412364

Last Listing description (November 2021)

SOLD By Miles Real Estate. This substantial industrial facility, situated in the tightly held West Heidelberg Industrial Estate offers an attractive short term income stream with unparalleled potential in the short to medium term.

- Building Area: 1,800 sq. metres (approx)
- Total Land Area: 2,350 sq. metres (approx)

- Zoned: Industrial 1
- Currently returning $180,000 per annum plus GST and outgoings
- Vacant Possession available October 2022 (or earlier by mutual agreement)
- Clear-span warehouse, generous power supply, ample office/accommodation
- Dual roller door access
- Perfectly located between several major arterial routes including Metropolitan Ring Road (North), Eastern Freeway and Bell Street (South)

Terms: 10% Deposit Balance 60 -120 Days

For further details or to inspect contact:

Tim Mitchell 0417 339 986
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181

Property History for 36 Northern Rd, Heidelberg West, VIC 3081

A timeline of how this property has performed in the market
Last Sold
$5,291,000
28 Feb 2024
  • 28 Feb 2024
    Sold for $5,291,000
  • 20 Nov 2021
    Sold for $4,150,000
  • 15 Oct 2021
    Listed for Sale Price Confidential
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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 4,085 properties. Over the last 5 years, Houses in Heidelberg West have seen a 24.68% increase in median value, while Units have seen a 23.15% increase. As at 31 July 2024:

  • The median value for Houses in Heidelberg West is $856,213 while the median value for Units is $691,192.
  • Houses have a median rent of $520 while Units have a median rent of $550.
There are currently 13 properties listed for sale, and 6 properties listed for rent in Heidelberg west on OnTheHouse. According to CoreLogic's data, 177 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.