SOLD
Sold on 22 Sep 2023 for $6,280,000

259 Beaconsfield Parade
Middle Park VIC 3206

Bedrooms: 8
Bathrooms: 4
Car spaces: 3
Land area: 530m2
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Sold By
Arthur Apostoleros
Buxton Port Phillip
Rohan White
Buxton Port Phillip
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Property Details for 259 Beaconsfield Pde, Middle Park

259 Beaconsfield Pde, Middle Park is a 8 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 530m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 8 bedroom House sold in Middle Park in the last 12 months.

Building Type
House
Land Size
530m2
Local Government
Port Phillip
Lot/Plan
4~93/PP3084D

Last Listing description (September 2023)

Expressions of Interest Close Friday 22nd September at 3:00pm (unless sold prior)

An unrivalled chance to secure a significant beachfront land holding on 530sqm (approx) - this remarkable opportunity, placed in Melbourne's best locations, is ideal for forward-thinking investors seeking a prosperous chance to benefit from long-term capital growth while enjoying instant rental income potential in the short term.

Defined by its irresistible Art Deco charms, extraordinary beachfront position and recently updated interiors, this exceptional property comprises four two-bedroom, one-bathroom units, two on the ground level and two on the top. Each apartment has been tastefully renovated in recent years, boasting a modern, appealing aesthetic, with the bonus of a spacious three-car garage and a shared rear yard with a BBQ area and pedestrian gate to Ashworth Street, offering the perfect space for harmonious communal living.

Each features beautiful stone bench kitchens with quality appliances, including a dishwasher, two spacious bedrooms, and retained period beauty through ornate fireplaces, leadlight windows and high ceilings. The ground floor apartments boast the comfort of reverse cycle heating/cooling and larger decks, opening from the kitchen for entertaining. Meanwhile, glistening bay views take centre stage to the home's upstairs, with ducted heating/cooling and balcony terraces.

Adding to the already impressive appeal, each is currently leased, earning an attractive monthly revenue. The ultimate lifestyle opportunity awaits in the heart of Melbourne's most revered beachside community, with easy access to Albert Park Lake, MSAC, Middle Park Village, and Middle Park Primary School.

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Property History for 259 Beaconsfield Pde, Middle Park, VIC 3206

A timeline of how this property has performed in the market
Last Sold
$6,280,000
22 Sep 2023
  • 22 Sep 2023
    Sold for $6,280,000
  • 29 Aug 2023
    Listed for Sale $6,000,000 - $6,600,000: EOI Close Fri 22nd Sept
  • 20 Oct 2016
    Sold for $5,670,000
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About Middle Park 3206

The size of Middle Park is approximately 0.9 square kilometres. It has 4 parks covering nearly 8.1% of total area. The population of Middle Park in 2011 was 4,058 people. By 2016 the population was 4,152 showing a population growth of 2.3% in the area during that time. The predominant age group in Middle Park is 40-49 years. Households in Middle Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Middle Park work in a professional occupation. In 2011, 61.7% of the homes in Middle Park were owner-occupied compared with 63.4% in 2016.

Middle Park has 2,181 properties. Over the last 5 years, Houses in Middle Park have seen a 9.98% increase in median value, while Units have seen a 1.96% increase. As at 31 August 2024:

  • The median value for Houses in Middle Park is $2,616,906 while the median value for Units is $809,856.
  • Houses have a median rent of $950 while Units have a median rent of $550.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Middle park on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Middle park.

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