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Sold on 25 Oct 2023 for $290,000

88 Schotters Road
Mernda VIC 3754

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Bathrooms: -
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Property Details for 88 Schotters Rd, Mernda

Building Type
Land
Local Government
Whittlesea
Lot/Plan
2/PS829048

Last Listing description (October 2023)

Surrounded by acreage properties and no direct neighbours overlooking, this flat parcel of land totaling 482m2 with a 36 metre frontage(approx) is ideal for a cottage style home or modern contemporary double storey home.

Very affordable and centrally located only minutes walk to Mernda Train Station, Mernda Central and Doreen Shopping Centre.

Property History for 88 Schotters Rd, Mernda, VIC 3754

A timeline of how this property has performed in the market
Last Sold
$290,000
25 Oct 2023
  • 12 Apr 2024
    Listed for Sale Not Disclosed
  • 25 Oct 2023
    Sold for $290,000
  • 31 Jul 2023
    Listed for Sale $310,000-$330,000

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About Mernda 3754

The size of Mernda is approximately 22.5 square kilometres. It has 104 parks covering nearly 9.4% of total area. The population of Mernda in 2011 was 6,507 people. By 2016 the population was 16,469 showing a population growth of 153.1% in the area during that time. The predominant age group in Mernda is 30-39 years. Households in Mernda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mernda work in a professional occupation. In 2011, 79.8% of the homes in Mernda were owner-occupied compared with 69.9% in 2016.

Mernda has 10,628 properties. Over the last 5 years, Houses in Mernda have seen a 28.52% increase in median value, while Units have seen a 32.77% increase. As at 30 September 2024:

  • The median value for Houses in Mernda is $729,034 while the median value for Units is $524,492.
  • Houses have a median rent of $540 while Units have a median rent of $450.
There are currently 79 properties listed for sale, and 25 properties listed for rent in Mernda on OnTheHouse. According to CoreLogic's data, 450 properties were sold in the past 12 months in Mernda.

Suburb Insights for Mernda 3754

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Jim Vasiliou
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Roger Pettinella
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Love Real Estate - Mill Park
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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.