320B/1 Colombo StreetMitcham VIC 3132
Property Details for 320b/1 Colombo St, Mitcham
320b/1 Colombo St, Mitcham is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Apartment sold in Mitcham in the last 12 months.
Last Listing description (November 2023)
Footsteps to everything Mitcham has to offer, including the public transport hub with train and bus access at your door, lies this apartment ripe for the investor to start or add to their portfolio. Also a great opportunity for the first home buyer to break into the market. Being positioned at the end of the complex, this apartment lends itself to natural light flowing in through the floor-to-ceiling windows, including direct access to a private balcony. Other features include bedroom with built-in-robes, reverse cycle heating & cooling, quality finishes in kitchen & bathroom and direct level lift access from the underground secure car space. Securely let on a fixed term lease for $1,478.00 per calendar month, this is an opportunity to set and forget in a blue chip suburb.
Property History for 320b/1 Colombo St, Mitcham, VIC 3132
- 10 Nov 2023Sold for $295,000
- 14 Aug 2023Listed for Sale $300,000
- 02 Feb 2023Listed for Sale $300,000
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0About 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 9,242 properties. Over the last 5 years, Houses in Mitcham have seen a 26.65% increase in median value, while Units have seen a 11.96% increase. As at 31 August 2024:
- The median value for Houses in Mitcham is $1,179,310 while the median value for Units is $708,155.
- Houses have a median rent of $590 while Units have a median rent of $520.
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