SOLD
Sold on 03 Oct 2024 for $101,000

55/116 Main Drive
Macleod VIC 3085

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 5095m2
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Sold By
Barry Plant North Eastern Group
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Property Details for 55/116 Main Dr, Macleod

55/116 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 October 2024. There are other 1 bedroom Unit sold in Macleod in the last 12 months.

Building Type
Unit
Year Built
2006
Land Size
5095m2
Local Government
Darebin
Lot/Plan
1354/PS436604

Last Listing description (November 2024)

This beautifully maintained studio student apartment offers an exceptional investment opportunity, nestled in the vibrant heart of Springthorpe Estate. Currently Leased at $260 per week. You can Enjoy the benefits of a positive cashflow return, enhanced by its prime location near La Trobe University, Plenty Rd trams, Macleod station, and Polaris shopping precinct.

Fully furnished with essential amenities including a bed, couch, TV, built-in study desk, and fridge, with convenient access to laundry facilities and recreational rooms within a secure complex. Additional perks feature complimentary membership to the esteemed 'Springthorpe Country Club' and access to Glider services, completing this enticing package. Seize the opportunity to invest and capitalize on its lucrative cashflow potential.

Owners Corporation fees $2300 approx

*Student Accommodation Only

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Property History for 55/116 Main Dr, Macleod, VIC 3085

A timeline of how this property has performed in the market
Last Sold
$101,000
03 Oct 2024
Listed for Rent
$240/w
17 Dec 2019
  • 03 Oct 2024
    Sold for $101,000
  • 18 Apr 2024
    Listed for Sale $101,000
  • 11 Oct 2019
    Listed for Rent $240 / 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 4,901 properties. Over the last 5 years, Houses in Macleod have seen a 19.53% increase in median value, while Units have seen a 17.94% increase. As at 31 October 2024:

  • The median value for Houses in Macleod is $1,076,332 while the median value for Units is $723,341.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 16 properties listed for sale, and 1 property listed for rent in Macleod on OnTheHouse. According to CoreLogic's data, 183 properties were sold in the past 12 months in Macleod.

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