OFF MARKET

27/116 Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 5095m2
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Property Details for 27/116 Main Dr, Macleod

27/116 Main Dr, Macleod is a 1 bedroom, 1 bathroom Unit and was built in 2006. The property has a land size of 5095m2. While the property is not currently for sale or for rent, it was last sold in March 2019.

Building Type
Unit
Year Built
2006
Land Size
5095m2
Local Government
Darebin
Lot/Plan
1326/PS436604

Last Listing description (April 2019)

One Bedroom Student apartment is situated within the prestigious Springthorpe Estate!
Located in a quiet residential precinct, nestled among parks and wildlife corridors, the beautiful Kingsbury Garden Apartments are conveniently located adjacent to the La Trobe University Bundoora Campus. Only a few minutes walk through the exclusive Springthorpe Estate has you on campus, or just catch the free Uni Courtesy campus bus that stops at the property.
All residents of Kingsbury Gardens are entitled to FREE gym membership at the exclusive Springthorpe Country Club situated within walking distance. The fully equipped Country Club comprises an excellent gymnasium, two floodlit tennis courts, heated in-ground swimming pool, computer/internet facilities, recreational leisure areas, bar and outdoor BBQ area.

The ideal investment, permanently leased to student housing provides a solid year round income of approx. 7%pa return. This apartment is a short stroll to Latrobe University, Macleod station or Plenty Road trams and Polaris shopping precinct. Fully furnished with bed, couch, TV, tables etc, modern spotless presentation, laundry facilities, recreational rooms, great security.
The perfect investment in the perfect locale.

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Property History for 27/116 Main Dr, Macleod, VIC 3085

A timeline of how this property has performed in the market
Last Sold
$95,000
28 Mar 2019
Listed for Rent
$200/w
22 Sep 2016
  • 28 Mar 2019
    Sold for $95,000
  • 08 Feb 2019
    Listed for Sale $105,000
  • 22 Sep 2016
    Listed for Rent $200 / 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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