7/8 Stawell St, Mentone is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1970. The property has a land size of 70m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in January 2015.
Investment opportunity, lease in place
Purchase this unit with a lease agreement already in place and not expiring until June 2015, also opportunity to extend. Currently returning $315 per week.
This single bedroom unit has been superbly renovated with an outlook to provide an abundance of light with well planned, spacious areas. Situated in a coveted Mentone location with shops, cafes, schools, transport and the bay all just minutes away.
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 7,940 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:
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