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Sold on 06 Sep 2024 for $190,000

31 Edgar Street
Heywood VIC 3304

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 140m2
Land area: 500m2
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Property Details for 31 Edgar St, Heywood

Building Type
Commercial
Floor Size
140m2
Land Size
500m2

Last Listing description (September 2024)

Discover a prime commercial opportunity at 31 Edgar Street, Heywood.
This property, originally purposed as a bank, boasts a prime location on the main street, ensuring high visibility and easy accessibility.
The land spans approximately 500m², featuring a solid brick construction with a generous building size of 140m². The interior offers a versatile layout, starting with a spacious entrance room equipped with reverse cycle air conditioning, ideal for various business setups.

Additionally, there are two office spaces, a safe, a fully functional kitchen, and comprehensive amenities including two separate toilets with basins and a shower room.
Currently leased until January 2025, this property presents a stable investment with immediate income potential. Seize the chance to own a piece of Heywood's commercial landscape with endless possibilities for customization and use.

Property History for 31 Edgar St, Heywood, VIC 3304

A timeline of how this property has performed in the market
Last Sold
$190,000
06 Sep 2024
Listed for Rent
$2.36k/w
01 Dec 2021
  • 18 Aug 2024
    Sold for $190,000
  • 19 Jun 2024
    Listed for Sale $210,000 +GST if Applicable
  • 22 Dec 2021
    Listed for Sale $200,000 Plus GST if Applicable
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About Heywood 3304

The size of Heywood is approximately 252.9 square kilometres. It has 6 parks covering nearly 24.3% of total area. The population of Heywood in 2011 was 1,725 people. By 2016 the population was 1,734 showing a population growth of 0.5% in the area during that time. The predominant age group in Heywood is 50-59 years. Households in Heywood are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Heywood work in a machinery operators and drivers occupation. In 2011, 73.5% of the homes in Heywood were owner-occupied compared with 74.9% in 2016.

Heywood has 1,145 properties. Over the last 5 years, Houses in Heywood have seen a 83.73% increase in median value, while Units have seen a 55.38% increase. As at 30 November 2024:

  • The median value for Houses in Heywood is $343,872 while the median value for Units is $276,276.
  • Houses have a median rent of $255.
There are currently 26 properties listed for sale, and no properties listed for rent in Heywood on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Heywood.

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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.