3 Great Britain StreetHerne Hill VIC 3218
Property Details for 3 Great Britain St, Herne Hill
3 Great Britain St, Herne Hill is a 5 bedroom, 3 bathroom Unit with 4 parking spaces. The property has a land size of 602m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (August 2016)
Perfectly poised for its next chapter, is this extremely rare allotment home to three separate residences.
A gem like this offers tremendous potential for development (STCA) or leave as is and reap the rental rewards of the three properties combined. Offering a three bedroom home and two one bedroom units generously set on approximately 601m2!
This incredible opportunity in a tightly held pocket of Herne Hill that is in high demand due to its impressive location - close to Holy Spirit Primary School, some of the state's best high schools, walking tracks, bike trails, the Barwon River, public transport and easy access to the Geelong Ring Road.
The astute developer is sure to revel in the possibilities or for the savvy investor here's one to add to the portfolio. In a growing area and very popular demand for rentals, this little asset will return generously in the short term and grow in capital for the long time.
Current market value for all three properties combined
is $550 per week (approx.).
Roncon Real Estate - An Agency like no other!
All stated dimensions and areas are approximate. Particulars herein are for information only and do not constitute representation by the Owner or Agent.
Property History for 3 Great Britain St, Herne Hill, VIC 3218
- 03 Jun 2022Sold for $770,000
- 16 Aug 2016Sold for $380,000
- 30 Jun 2016Listed for Sale EPR $350,000 Plus
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0About 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.
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