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Sold on 15 Feb 2024 for $805,000

11 Laura Road
Knoxfield VIC 3180

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 736m2
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Property Details for 11 Laura Rd, Knoxfield

11 Laura Rd, Knoxfield is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 736m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Knoxfield in the last 12 months.

Building Type
House
Land Size
736m2

Last Listing description (February 2024)

Auction Location: On-Site

Discover the untapped potential of Knoxfield with this original-condition property, positioned perfectly for investors seeking a lucrative opportunity. Situated on a substantial 736m² corner block, 11 Laura Road is a rare chance for savvy investors to delve into a project with substantial promise.

This property features a spacious 737m² of land, offering ample scope for a potential subdivision (STCA), presenting a golden opportunity for developers or those looking to expand their investment portfolio. The home, in its original state with 3 bedrooms and 1 bathroom, serves as a blank canvas for those ready to implement renovations and significantly boost its market value.

Located in a family-friendly neighborhood, the property enjoys proximity to educational institutions, being just 1 km from Scoresby Secondary College and a mere 0.1 km from Carrington Primary School. This strategic location enhances its appeal for future tenants and underscores its potential as a lucrative rental property.

As an investor, this property is an unmissable opportunity to subdivide, renovate, and rent out, capitalizing on its corner block advantage in the thriving Knoxfield real estate market.

11 Laura Road represents more than just a property; it's a gateway to a profitable investment, perfectly suited for those looking to shape and transform it into a modern gem. This is your chance to make a strategic investment in one of Knoxfield's most sought-after locales.

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Property History for 11 Laura Rd, Knoxfield, VIC 3180

A timeline of how this property has performed in the market
Last Sold
$805,000
15 Feb 2024
Listed for Rent
$450/w
26 Jul 2024
  • 12 Jul 2024
    Listed for Rent $450 / week
  • 15 Feb 2024
    Sold for $805,000
  • 22 Jan 2024
    Listed for Sale Auction

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About Knoxfield 3180

The size of Knoxfield is approximately 5.6 square kilometres. It has 16 parks covering nearly 18.6% of total area. The population of Knoxfield in 2011 was 7,140 people. By 2016 the population was 7,455 showing a population growth of 4.4% in the area during that time. The predominant age group in Knoxfield is 30-39 years. Households in Knoxfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Knoxfield work in a professional occupation. In 2011, 78.8% of the homes in Knoxfield were owner-occupied compared with 76% in 2016.

Knoxfield has 4,449 properties. Over the last 5 years, Houses in Knoxfield have seen a 13.93% increase in median value, while Units have seen a 11.43% increase. As at 30 November 2024:

  • The median value for Houses in Knoxfield is $989,239 while the median value for Units is $778,817.
  • Houses have a median rent of $580 while Units have a median rent of $575.
There are currently 13 properties listed for sale, and 4 properties listed for rent in Knoxfield on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Knoxfield.

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