OFF MARKET

3/1 Lean Avenue
Herne Hill VIC 3218

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Land area: 455m2
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Last updated 11 Nov 2024
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Property Details for 3/1 Lean Ave, Herne Hill

3/1 Lean Ave, Herne Hill is a 4 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 455m2.

Building Type
Unit
Land Size
455m2
Local Government
Greater Geelong

Last Listing description (November 2015)

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

Property History for 3/1 Lean Ave, Herne Hill, VIC 3218

A timeline of how this property has performed in the market
  • 21 Nov 2015
    Listed for Sale $555,000 - $600,000

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About Herne Hill 3218

The size of Herne Hill is approximately 1.5 square kilometres. It has 5 parks covering nearly 13.2% of total area. The population of Herne Hill in 2011 was 3,322 people. By 2016 the population was 3,390 showing a population growth of 2.0% in the area during that time. The predominant age group in Herne Hill is 20-29 years. Households in Herne Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Herne Hill work in a professional occupation. In 2011, 64.3% of the homes in Herne Hill were owner-occupied compared with 59.1% in 2016.

Herne Hill has 2,127 properties. Over the last 5 years, Houses in Herne Hill have seen a 33.88% increase in median value, while Units have seen a 18.82% increase. As at 31 October 2024:

  • The median value for Houses in Herne Hill is $808,309 while the median value for Units is $402,847.
  • Houses have a median rent of $460 while Units have a median rent of $338.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Herne hill on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Herne hill.

Suburb Insights for Herne Hill 3218

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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.