502A/294 Bell StreetHeidelberg West VIC 3081
Property Details for 502a/294 Bell St, Heidelberg West
502a/294 Bell St, Heidelberg West is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Heidelberg West in the last 12 months.
Last Listing description (September 2024)
FIRST HOME BUYER INCENTIVES
1) Eligible for the $10,000 First Home Owner Grant*
2) Pay NO stamp duty - saving up to $31,070**
INVESTOR ADVANTAGES
1) Impressive 5.55% gross yield with rental estimate of $620 per week @ a purchase price of $580,000
2) Claim tax depreciation
Discover a new era of luxurious urban apartment living with a Scandinavian twist at the newly completed 'Cultivate' building, boasting an unbeatable city skyline view that can't be built out. Nestled on the doorstep of Bell Street Mall, Aldi supermarket and close to Northland shopping centre, and Darebin Creek parkland, this modern gem on level 5 offers a smart open-plan layout designed for ultimate comfort and convenience.
Key Features:
-Smart open-plan layout with bedrooms on either side of living area for privacy
-Separate study space with inbuilt desk, perfect for remote work
-Main bedroom with WIR and ensuite, second bedroom with easy access to second bathroom
-Full apartment width undercover balcony accessible from living area and main bedroom
-Gourmet kitchen with stone island bench, premium SMEG electric induction cooktop and integrated fridge & freezer
-Luxurious bathrooms with above-counter basins, mirrored shaving cabinet, rainwater shower heads & brushed nickel accents
-Timber floors in living/kitchen areas and quality carpet to the bedrooms
-Separate laundry space, double glazed windows, LED & feature lighting, split system heating & cooling for year-round comfort
-Fob entry, intercom, secure car space and storage cage.
-Access to storage lockers on ground floor, communal terrace on the podium level and rooftop BBQ area with panoramic vistas
Super Convenient Location:
-Close proximity to Heidelberg's medical precinct, Latrobe University, and Warringal Shopping Centre
-Easy access to Burgundy Street cafes/restaurants and recreational facilities
*https://www.sro.vic.gov.au/first-home-owner#fhog
**https://www.sro.vic.gov.au/fhbduty
***https://www.sro.vic.gov.au/homebuyer or https://www.housingaustralia.gov.au/support-buy-home/first-home-guarantee
Property History for 502a/294 Bell St, Heidelberg West, VIC 3081
- 07 Aug 2024Sold for $570,000
- 14 Mar 2024Listed for Sale $530,000-$580,000
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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 4,084 properties. Over the last 5 years, Houses in Heidelberg West have seen a 21.33% increase in median value, while Units have seen a 16.09% increase. As at 31 August 2024:
- The median value for Houses in Heidelberg West is $856,757 while the median value for Units is $665,959.
- Houses have a median rent of $525 while Units have a median rent of $550.
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