OFF MARKET

3 Mervyn Crescent
Ivanhoe VIC 3079

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 251m2
Land area: 2035m2
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Property Details for 3 Mervyn Cres, Ivanhoe

3 Mervyn Cres, Ivanhoe is a 4 bedroom, 3 bathroom Townhouse with 3 parking spaces and was built in 1914. The property has a land size of 2035m2 and floor size of 251m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Townhouse
Year Built
1914
Floor Size
251m2
Land Size
2035m2
Local Government
Banyule
Lot/Plan
1D/PP2856

Last Listing description (February 2023)

EXPRESSIONS OF INTEREST CLOSING TUESDAY 27TH APRIL AT 5PM (UNLESS SOLD PRIOR).

SOLD by Jellis Craig. Promising a new era of luxury living, this incredible site measuring an incredible 2034sqm approx. has approved plans and permits for 5 prestigious new homes in a dress circle location, a few short metres from Chelsworth Park, elite schooling and an easy walk to Ivanhoe train station and shops. Designed by renowned architecture firm, Ikonomidis Design Studio the development will no doubt stand out as a landmark in the area, and when finished, will include beautifully landscaped gardens, sleek facades and innovative floorplans bathed in natural light, with homes ranging from 24-28sqm.

With plenty of options available, you may choose to alter the permits to allow for a lower density development, allowing you to build a selection of bespoke new homes with endless outdoor entertaining space (STCA). Exceptionally located, a short walk from several golf courses and local parks, Ivanhoe Grammar School, Ivanhoe Village and Train Station, and within close proximity to the bustling hub of Burgundy Street Heidelberg and High Street Northcote's shops and cafes, as well as the Austin Hospital.

-Rare development opportunity in a blue-chip position - NRZ3 zoning.
-Opposite 290 acres of parkland, including direct access to the Main Yarra trail.
-Significant resales of similar homes recently, suggest a great ROI.
-Plans and permits complete and ready to begin construction once building permit is obtained.
-Luxury development, offering exclusivity and security to appeal to the target audience.
-Perfect homes for the luxury downsizer market, sizes ranging from 24 28sq.
-All homes have a master bedroom on the entry level.
-The residences offer good private open space, with generous sized allotments.
-Possibility to review the permits, for a lower density development or land subdivision (STCA).
-Detailed Information memorandum available upon request.

Property History for 3 Mervyn Cres, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$3,980,000
17 Apr 2021
  • 17 Apr 2021
    Sold for $3,980,000
  • 31 Mar 2021
    Listed for Sale $3,600,000 - $3,960,000
  • 16 Aug 2019
    Sold
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About Ivanhoe 3079

The size of Ivanhoe is approximately 5.5 square kilometres. It has 18 parks covering nearly 21.1% of total area. The population of Ivanhoe in 2011 was 11,085 people. By 2016 the population was 12,192 showing a population growth of 10.0% in the area during that time. The predominant age group in Ivanhoe is 30-39 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe work in a professional occupation. In 2011, 66.7% of the homes in Ivanhoe were owner-occupied compared with 66.7% in 2016.

Ivanhoe has 8,049 properties. Over the last 5 years, Houses in Ivanhoe have seen a 16.08% increase in median value, while Units have seen a 12.16% increase. As at 30 November 2024:

  • The median value for Houses in Ivanhoe is $1,804,979 while the median value for Units is $788,256.
  • Houses have a median rent of $720 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 11 properties listed for rent in Ivanhoe on OnTheHouse. According to CoreLogic's data, 303 properties were sold in the past 12 months in Ivanhoe.

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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.