OFF MARKET

5/27 Derby Road
Herne Hill VIC 3218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 40m2
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Last updated 16 Dec 2024
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Property Details for 5/27 Derby Rd, Herne Hill

5/27 Derby Rd, Herne Hill is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 40m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Year Built
1960
Floor Size
50m2
Land Size
40m2
Local Government
Greater Geelong
Lot/Plan
5/PS511497

Last Listing description (November 2022)

This one-bedroom unit presents a secure long-term investment, or a convenient lifestyle as an entry level purchase or simply, a downsizer. Featuring an open plan kitchen/living area, that adjoins the combined laundry and bathroom space equipped with shower, toilet and single basin. Finishing off the inside is the large bedroom fitted with built in robe. Currently leased at $205 per week this property is just minutes to Minerva Road cafes, premium schooling, medical facilities, public transport and quick access to the Ring Road. This is your chance to enjoy your own slice of real estate in the hot suburb of Herne Hill.

Property History for 5/27 Derby Rd, Herne Hill, VIC 3218

A timeline of how this property has performed in the market
Last Sold
$225,000
11 Apr 2022
Listed for Rent
$205/w
28 Nov 2020
  • 11 Apr 2022
    Sold for $225,000
  • 02 Mar 2022
    Listed for Sale $225,000
  • 27 Aug 2020
    Listed for Rent $205 / week
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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 2,146 properties. Over the last 5 years, Houses in Herne Hill have seen a 33.08% increase in median value, while Units have seen a 18.59% increase. As at 30 November 2024:

  • The median value for Houses in Herne Hill is $809,679 while the median value for Units is $399,650.
  • Houses have a median rent of $463 while Units have a median rent of $350.
There are currently 6 properties listed for sale, and 3 properties listed for rent in Herne hill on OnTheHouse. According to CoreLogic's data, 90 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.