34 Balcombe RoadMentone VIC 3194
Property Details for 34 Balcombe Rd, Mentone
Last Listing description (May 2024)
Wishing to secure your future? Look no further than this brilliant offer in a high-profile location which is sure to impress owner occupiers and investors alike.
With substantial retail or redevelopment opportunities (subject to permit and council approval), the 283sqm (approx.) block with parking for 8 cars at the rear has loads of potential.
In the vibrant sought-after Bayside suburb of Mentone, this two-storey building, currently offering 3 individual light-filled office spaces plus a large carpeted communal work area as well as generous storage areas, air-conditioned and heated throughout with central and split systems, is complete with a functioning kitchen and toilet facilities.
This exciting opportunity is not to be missed.
Property Code: 840
Property History for 34 Balcombe Rd, Mentone, VIC 3194
- 10 May 2024Sold for $850,000
- 08 Feb 2024Listed for Sale Contact Agent
- 03 Jul 2009Sold for $385,000
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0About 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 7,941 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.
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