SOLD
Sold on 16 Apr 2024 for $830,000

483 Highett Road
Highett VIC 3190

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 185m2
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Property Details for 483 Highett Rd, Highett

Building Type
Commercial
Year Built
2017
Land Size
185m2
Local Government
Bayside
Lot/Plan
G10/PS735949

Last Listing description (August 2024)

CBRE Asia Pacific is pleased to present for Lease, this exceptional and unprecedented offering in the heart of busy Highett, a fully-fitted retail premises, poised for immediate operation in a turnkey scenario.Property Features:+ 100 - 200sqm available (can be split into 2 tenancies)+ Ideal Bayside location with high foot traffic+ Large kitchen space and cool rooms available (to accommodate cafe, deli etc.)+ Secure car parking with two (2) allocated spaces+ Liquor permit and convenience store permit This property not only caters to retail needs but also provides versatility for potential medical or creative office use. The flexible layout makes it suitable for various business endeavours, enhancing its appeal as an adaptable space.Highett, a suburb that has witnessed remarkable growth and transformation in recent years, now boasts an array of upgrades, including the establishment of the new Woolworths Supermarket and the construction of high-density residential towers in close proximity to the train station.Highett has firmly established itself as one of Bayside's most coveted locales, experiencing a surge in popularity among young professional couples, families, and long-standing residents alike.

Property History for 483 Highett Rd, Highett, VIC 3190

A timeline of how this property has performed in the market
Last Sold
$830,000
16 Apr 2024
Listed for Rent
$30k/w
22 Nov 2023
  • 21 Aug 2024
    Listed for Rent - Price not available
  • 16 Apr 2024
    Sold for $830,000
  • 15 Sep 2023
    Listed for Rent - Price not available
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About Highett 3190

The size of Highett is approximately 3.7 square kilometres. It has 8 parks covering nearly 8.4% of total area. The population of Highett in 2011 was 10,263 people. By 2016 the population was 10,452 showing a population growth of 1.8% in the area during that time. The predominant age group in Highett is 40-49 years. Households in Highett are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highett work in a professional occupation. In 2011, 71.7% of the homes in Highett were owner-occupied compared with 68.6% in 2016.

Highett has 7,070 properties. Over the last 5 years, Houses in Highett have seen a 20.42% increase in median value, while Units have seen a 7.52% increase. As at 30 September 2024:

  • The median value for Houses in Highett is $1,406,157 while the median value for Units is $693,949.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 30 properties listed for sale, and 9 properties listed for rent in Highett on OnTheHouse. According to CoreLogic's data, 311 properties were sold in the past 12 months in Highett.

Suburb Insights for Highett 3190

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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.