SOLD
RECENT ADVICE
Sold on 23 Sep 2024 for $1,690,000

718 Whitehorse Road
Mitcham VIC 3132

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 828m2
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Sold By
Biggin & Scott Mitcham
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Property Details for 718 Whitehorse Rd, Mitcham

Building Type
Commercial
Land Size
828m2
Local Government
Whitehorse
Lot/Plan
1/TP201965

Last Listing description (October 2024)

Perfectly positioned within walking distance to Heatherdale Station as well as Mitcham Station and Mitcham?s lifestyle precinct this tightly held complex is now available to one lucky investor.

Comprising of four 2-bedroom units, all currently leased and providing excellent rental returns with absolute capacity to expand the rental yields over time or option to strata title and sell them individually.

All units have been magnificently maintained with each comprising a spacious living area, separate kitchen/meals, generous bedrooms with built robes, neat bathrooms, and full-size laundries with rear access to easy to care for private courtyards as well as undercover off-street parking.

A superb location opposite parklands, a plethora of transport options with nearby Mitcham shops, Cafes, Restaurants, and easy access to Ringwood Costco, Eastland, quality schools, and Eastern freeway/Eastlink. This block of units is a brilliant investment in one of the best lifestyle locations on offer. Don?t delay, plan your viewing today.

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Property History for 718 Whitehorse Rd, Mitcham, VIC 3132

A timeline of how this property has performed in the market
Last Sold
$1,690,000
23 Sep 2024
  • 23 Sep 2024
    Sold for $1,690,000
  • 22 May 2024
    Listed for Sale UNDER OFFER
  • 05 Feb 2022
    Transferred

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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 9,248 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 46 properties listed for sale, and 5 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Mitcham.

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