72 Northern RoadHeidelberg West VIC 3081
Property Details for 72 Northern Rd, Heidelberg West
Last Listing description (November 2023)
SOLD By Miles Real Estate.
Located in flourishing Heidelberg West Business Park is this rare opportunity to secure a land offering with plenty of development options (STCA). Key features:
- Land area: 1,170 sq. metres (approx.)
- 28 (approx.) metre frontage to Northern Road
- Zoned Industrial 1
- Monthly tenancy with a passive income of $42,000 per annum plus outgoings
- One of the last remaining vacant land allotments in the estate
- 19km (approx.) to Melbourne CBD with La Trobe University only moments away
- Heidelberg West Business Park to further be enhanced by the improvement of the North East Link creating an ease of access around greater Melbourne; Plenty Road only moments away
Terms: 10% Deposit Balance 60/90 Days
For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Paul Evans 0408 144 181
Property History for 72 Northern Rd, Heidelberg West, VIC 3081
- 24 Nov 2023Sold for $1,680,000
- 13 Oct 2023Listed for Sale Price Confidential
- 31 Mar 2022Sold for $1,910,000
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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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