2/2 Namur StreetKew East VIC 3102
Property Details for 2/2 Namur St, Kew East
2/2 Namur St, Kew East is a 8 bedroom, 4 bathroom Unit with 6 parking spaces. The property has a land size of 635m2.
Last Listing description (March 2021)
A property of significance from several perspectives, this allotment measuring some 638m2 is currently occupied by four bright, well maintained apartments. To be sold as a single property, the opportunity to enjoy on-going rental income from the current day spaces is matched by the option to consider redevelopment concepts, potentially with an additional level (STCA) for a site with such high strategic value. Each apartment features a living room with a balcony, a separate kitchen/meals area and a central bathroom that serves two double bedrooms. A carport adds to the present day convenience and confirms the size and scale of the block, which features extensive second frontage to High Street - an asset that further enhances the future, however you determine and define it. Zoned to Kew High School, close to Stradbroke Park, Hays Paddock, tram routes, Kew Junction and freeway access. This is an address with exceptional upside!
Note: Inspections to all 4 units will occur on Monday 22/03/2021.
Property History for 2/2 Namur St, Kew East, VIC 3102
- 25 Feb 2021Listed for Sale Private Auction Wednesday 24th March
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About Kew East 3102
The size of Kew East is approximately 4 square kilometres. It has 12 parks covering nearly 37.3% of total area. The population of Kew East in 2011 was 6,017 people. By 2016 the population was 6,654 showing a population growth of 10.6% in the area during that time. The predominant age group in Kew East is 40-49 years. Households in Kew East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kew East work in a professional occupation. In 2011, 73.4% of the homes in Kew East were owner-occupied compared with 74.2% in 2016.
Kew East has 3,320 properties. Over the last 5 years, Houses in Kew East have seen a 19.21% increase in median value, while Units have seen a 1.12% increase. As at 31 October 2024:
- The median value for Houses in Kew East is $2,122,833 while the median value for Units is $858,480.
- Houses have a median rent of $895 while Units have a median rent of $548.
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