SOLD
Sold on 07 Mar 2024 for $1,000

6/86 Rankins Road
Kensington VIC 3031

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 45m2
Land area: 713m2
Sold By
Nelson Alexander Flemington
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Property Details for 6/86 Rankins Rd, Kensington

Building Type
Commercial
Year Built
1970
Floor Size
45m2
Land Size
713m2
Local Government
Melbourne
Lot/Plan
6/SP35468

Last Listing description (March 2024)

In the very heart of Kensington, this first-floor apartment (1 of only 12) makes an ideal first home or blue-ribbon investment thanks to its brilliant location, excellent presentation and quality features including the centrepiece Royal System wall unit.

Step inside to discover a light and bright interior comprising a large bedroom with built-in robes adjoined by a neat ensuite bathroom. Add to this an updated kitchen with modern electric oven and versatile living/meals area complete with wall-mounted shelves and cupboards - original mid-century Royal System furniture by Danish designer and manufacturer Poul Cadovius. Other features include hard-wearing bamboo floors, panel heating, secure foyer with intercom and residents' laundry facilities, plus an off-street parking space at the rear.

A short stroll to both Kensington and Macaulay stations (different train lines), village cafes, Racecourse Road trams, shops and supermarkets, it's also close to the Moonee Ponds Creek Trail, as well as easy access to Citylink.

Property History for 6/86 Rankins Rd, Kensington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$1,000
07 Mar 2024
Listed for Rent
$295/w
09 Mar 2018
  • 07 Mar 2024
    Sold for $1,000
  • 07 Feb 2024
    Listed for Sale Under Offer
  • 26 May 2017
    Listed for Rent - Price not available
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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2011 was 9,718 people. By 2016 the population was 10,833 showing a population growth of 11.5% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 47.6% of the homes in Kensington were owner-occupied compared with 45.3% in 2016.

Kensington has 6,595 properties. Over the last 5 years, Houses in Kensington have seen a 23.81% increase in median value, while Units have seen a 0.92% increase. As at 31 July 2024:

  • The median value for Houses in Kensington is $1,185,987 while the median value for Units is $533,679.
  • Houses have a median rent of $665 while Units have a median rent of $520.
There are currently 23 properties listed for sale, and 10 properties listed for rent in Kensington on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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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.