SOLD
Sold on 15 Nov 2023 for $110,000

111/116 Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 120m2
Land area: 5095m2
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Property Details for 111/116 Main Dr, Macleod

111/116 Main Dr, Macleod is a 1 bedroom, 1 bathroom Unit and was built in 2006. The property has a land size of 5095m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Unit sold in Macleod in the last 12 months.

Building Type
Unit
Year Built
2006
Floor Size
120m2
Land Size
5095m2
Local Government
Darebin
Lot/Plan
1410/PS436604

Last Listing description (February 2024)

Due to current COVID-19 guidelines all inspections are by private appointment. To register for an allocated time, please contact the listing agent.

Presenting an exciting opportunity for savvy investors to either start or expand your investment portfolio located in the prestigious Springthorpe Estate. Take advantage of a positive cash flow investment with every convenience at your fingertips set within close proximity to La Trobe University, Plenty Rd tram, Macleod station and Polaris shopping.

- Currently leased $913 per calendar month

- Approx 9% return
- Approx 22 sqm

This fully furnished double studio apartment offer the complete package including heating/cooling, access to recreational and common areas, onsite laundry facilities, great security and complimentary access to Springthorpe Country Club including tennis court, gym and free Glider bus services at your doorstep. Here is your chance to secure an affordable investment and reap the rewards.

*All images used are for illustrative purposes and may vary upon inspection.

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Property History for 111/116 Main Dr, Macleod, VIC 3085

A timeline of how this property has performed in the market
Last Sold
$110,000
15 Nov 2023
Listed for Rent
$220/w
04 Dec 2018
  • 15 Nov 2023
    Sold for $110,000
  • 24 Apr 2021
    Listed for Sale $110,000 to $114,000
  • 04 Dec 2018
    Listed for Rent $220 / week
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About Macleod 3085

The size of Macleod is approximately 4.6 square kilometres. It has 23 parks covering nearly 17.6% of total area. The population of Macleod in 2011 was 9,605 people. By 2016 the population was 9,795 showing a population growth of 2.0% in the area during that time. The predominant age group in Macleod is 40-49 years. Households in Macleod are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macleod work in a professional occupation. In 2011, 75.4% of the homes in Macleod were owner-occupied compared with 72.6% in 2016.

Macleod has 4,884 properties. Over the last 5 years, Houses in Macleod have seen a 20.88% increase in median value, while Units have seen a 17.76% increase. As at 30 September 2024:

  • The median value for Houses in Macleod is $1,061,257 while the median value for Units is $709,454.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 17 properties listed for sale, and 8 properties listed for rent in Macleod on OnTheHouse. According to CoreLogic's data, 185 properties were sold in the past 12 months in Macleod.

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