SOLD
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Sold on 20 Apr 2024 for $687,000

589 Waterdale Road
Heidelberg West VIC 3081

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 586m2
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Property Details for 589 Waterdale Rd, Heidelberg West

589 Waterdale Rd, Heidelberg West is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 586m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Heidelberg West in the last 12 months.

Building Type
House
Land Size
586m2

Last Listing description (April 2024)

Mortgagee Auction
Maximise the potential of this exceptional development site, situated in a dynamic Residential Growth Zone under DDO14 zoning. The approximate 586m2 allotment offers a prime opportunity for developers and investors to design and build 3 to 4 units (STCA), with the added benefit of a significant 13.5m height allowance for construction.

The existing home is not liveable, directing focus to the true value presented: the land itself, offering a blank slate for a fresh, modern development project. With dimensions of 36.6m by 16m, the site is well-proportioned for a multi-unit build (STCA).

Centrally located amid a host of local facilities, the property ensures convenience for future residents. Nearby, the Austin Hospital, Melbourne Polytechnic, and Latrobe University offer excellent health and education services. Rosanna station is easily accessible for commuters, while Northland Shopping Centre caters to all shopping needs. Burgundy Street serves up local café culture, and Charles La Trobe P-12 College is close by for families.

This is not just a purchase but an investment in a vibrant community's future housing options.

If you are unable to attend the auction but wish to bid on this fantastic property, please follow the link to register to bid online - https://anywhereauctions.com.au/app/property?propertyId=41233

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

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Property History for 589 Waterdale Rd, Heidelberg West, VIC 3081

A timeline of how this property has performed in the market
Last Sold
$687,000
20 Apr 2024
  • 20 Apr 2024
    Sold for $687,000
  • 20 Mar 2024
    Listed for Sale AUCTION This Sat 10:00am
  • 16 Jun 2020
    Listed for Sale Price Upon Application
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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 4,144 properties. Over the last 5 years, Houses in Heidelberg West have seen a 14.02% increase in median value, while Units have seen a 14.14% increase. As at 30 November 2024:

  • The median value for Houses in Heidelberg West is $835,360 while the median value for Units is $694,721.
  • Houses have a median rent of $520 while Units have a median rent of $600.
There are currently 10 properties listed for sale, and 1 property listed for rent in Heidelberg west on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Heidelberg west.

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