SOLD
Sold on 08 Jun 2024 for $1,530,000

565 High Street
Kew East VIC 3102

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 150m2
Land area: 580m2
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Property Details for 565 High St, Kew East

565 High St, Kew East is a 3 bedroom, 1 bathroom House. The property has a land size of 580m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Kew East in the last 12 months.

Building Type
House
Floor Size
150m2
Land Size
580m2
Local Government
Boroondara
Lot/Plan
3/LP10018

Last Listing description (June 2024)

This immaculately maintained original home is currently in use as an established medical consulting practice. In a premier location with an appealing parkland outlook and accessed via the North Balwyn to Docklands tram, future options include an on-going lease with the current tenant, a new business venture in the medical or related field, modernisation as a family home or potential for redevelopment (STCA) with General Residential Schedule 5 zoning.

Leased until June 2025 at $57,156 excl. GST p.a., the property comprises consulting rooms, office space, waiting room and kitchen and bathroom facilities, all in immaculately maintained condition plus pristine period features and off-street parking.

Zoned for Kew High School, with Kew East Primary and St Annes Primary within easy walking distance. The CBD and Docklands tram at the front door also accesses private schools, Kew and Harp Junction restaurants, cafes and a multitude of retail options. Across the road the picturesque Victoria Park, Kew Cricket Ground, Kew Croquet Club, Kew Tennis Club, walking path and playground entice families of all ages.

* General Residential Zone Schedule 5
* Redevelopment potential (STCA)
* Premier position opposite Victoria Park
* City tram at the front door
* Medical consulting practice
* Leased until June 2025
* On-going rental potential
* Modernise as a family home

Terms: 10% deposit, balance 60 days

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Property History for 565 High St, Kew East, VIC 3102

A timeline of how this property has performed in the market
Last Sold
$1,530,000
08 Jun 2024
Listed for Rent
$958/w
10 Aug 2016
  • 08 Jun 2024
    Sold for $1,530,000
  • 01 May 2024
    Listed for Sale $1,550,000 - $1,650,000
  • 10 Aug 2016
    Sold for $780,000
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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 3,331 properties. Over the last 5 years, Houses in Kew East have seen a 17.74% increase in median value, while Units have seen a -0.41% decrease. As at 30 November 2024:

  • The median value for Houses in Kew East is $2,131,661 while the median value for Units is $857,070.
  • Houses have a median rent of $895 while Units have a median rent of $550.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Kew east on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Kew east.

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