12 Glencoe StreetKennington VIC 3550
Property Details for 12 Glencoe St, Kennington
12 Glencoe St, Kennington is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 1650m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (July 2024)
Take advantage of our vendor's hard work, foresight and planning and step into a ready-made investment in a suburb city-fringe location.
Look past the modest three-bedroom home at 12 Glencoe Street and get excited for the future of this property, which comes with planning approval for an amazing contemporary five-townhouse development.
Designs are in place for three x three-bedroom homes and two x two-bedroom homes, all with ensuites and open-plan living.
The block is approximately 1600m2, which is almost unheard of this close to the city centre.
It's walking distance to St Theresa's Primary School and the Harry Trott Oval. Kennington's shopping centres, pubs, reservoir and parkland are all nearby, and it's within 2.5km of the CBD.
The older three-bedroom house is past its prime and will need to be removed to make way for the development, however it's currently let at $350 per week, meaning there's a tidy return while you finalise plans.
Property History for 12 Glencoe St, Kennington, VIC 3550
- 21 Jul 2023Listed for Sale Not Disclosed
- 25 May 2023Sold for $720,000
- 01 May 2023Listed for Sale $695,000 - $740,000
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About Kennington 3550
The size of Kennington is approximately 4 square kilometres. It has 9 parks covering nearly 16.2% of total area. The population of Kennington in 2011 was 5,830 people. By 2016 the population was 5,649 showing a population decline of 3.1% in the area during that time. The predominant age group in Kennington is 20-29 years. Households in Kennington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kennington work in a professional occupation. In 2011, 60.8% of the homes in Kennington were owner-occupied compared with 59.2% in 2016.
Kennington has 3,368 properties. Over the last 5 years, Houses in Kennington have seen a 41.95% increase in median value, while Units have seen a 52.71% increase. As at 31 October 2024:
- The median value for Houses in Kennington is $590,475 while the median value for Units is $382,128.
- Houses have a median rent of $450 while Units have a median rent of $400.
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