SOLD
Sold on 31 May 2024 for $2,050,000

1/545 Whitehorse Road
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 220m2
Save

Property Details for 1/545 Whitehorse Rd, Mitcham

Building Type
Commercial
Land Size
220m2
Local Government
Whitehorse
Lot/Plan
16/LP1968

Last Listing description (April 2019)

This large retail premises presents a rare opportunity for those seeking shop front, office, or showroom space with prominent exposure to one of Melbourne's busiest roads. Offering an ideal position with walking distance to Mitcham Train Station, ample surrounding car parking, and an affordable rate, this property simply will not last long.
Building area | 197m2 approximately
Zoning | Commercial 1

Ample surrounding car parking
Rear access

Property History for 1/545 Whitehorse Rd, Mitcham, VIC 3132

A timeline of how this property has performed in the market
Last Sold
$2,050,000
31 May 2024
Listed for Rent
$920/w
16 Apr 2019
  • 31 May 2024
    Sold for $2,050,000
  • 18 Feb 2019
    Listed for Rent $48,000 / year
  • 21 Aug 2014
    Sold for $1,125,000

Commute Calculator

About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2011 was 14,812 people. By 2016 the population was 16,136 showing a population growth of 8.9% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation. In 2011, 73.1% of the homes in Mitcham were owner-occupied compared with 69.8% in 2016.

Mitcham has 9,245 properties. Over the last 5 years, Houses in Mitcham have seen a 16.56% increase in median value, while Units have seen a 18.91% increase. As at 31 October 2024:

  • The median value for Houses in Mitcham is $1,169,075 while the median value for Units is $790,437.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 44 properties listed for sale, and 4 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Mitcham.

Suburb Insights for Mitcham 3132

Market Insights
Mitcham Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mitcham Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.