SOLD
Sold on 17 Dec 2023 for $3,175,000

3/51 Balcombe Road
Mentone VIC 3194

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 893m2
Sold By
Thomson Mentone
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Property Details for 3/51 Balcombe Rd, Mentone

3/51 Balcombe Rd, Mentone is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1972. The property has a land size of 893m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in Mentone in the last 12 months.

Building Type
Unit
Year Built
1972
Floor Size
80m2
Land Size
893m2
Local Government
Kingston
Lot/Plan
9/RP15351

Last Listing description (March 2022)

Lovely two-bedroom unit in security block. Comp: Two-bedrooms, one with BIR's,
large lounge with electric heating, kitchen with gas stove and electric oven, bathroom with shower over bath and laundry taps, small front court yard, security entrance and single car space. All within a close walk to train station, shops and beach.

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Property History for 3/51 Balcombe Rd, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$3,175,000
17 Dec 2023
Listed for Rent
$360/w
18 Mar 2022
  • 17 Dec 2023
    Sold for $3,175,000
  • 18 Mar 2022
    Listed for Rent - Price not available
  • 26 Mar 2018
    Listed for Rent - Price not available
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About Mentone 3194

The size of Mentone is approximately 4.5 square kilometres. It has 13 parks covering nearly 5.9% of total area. The population of Mentone in 2011 was 11,667 people. By 2016 the population was 12,973 showing a population growth of 11.2% in the area during that time. The predominant age group in Mentone is 40-49 years. Households in Mentone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mentone work in a professional occupation. In 2011, 66.7% of the homes in Mentone were owner-occupied compared with 62.9% in 2016.

Mentone has 7,943 properties. Over the last 5 years, Houses in Mentone have seen a 25.33% increase in median value, while Units have seen a 11.73% increase. As at 31 October 2024:

  • The median value for Houses in Mentone is $1,405,904 while the median value for Units is $660,859.
  • Houses have a median rent of $700 while Units have a median rent of $515.
There are currently 25 properties listed for sale, and 9 properties listed for rent in Mentone on OnTheHouse. According to CoreLogic's data, 346 properties were sold in the past 12 months in Mentone.

Suburb Insights for Mentone 3194

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.