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Sold on 24 Oct 2024 for $861,500

18-20 Main Road
Monbulk VIC 3793

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 260m2
Land area: 1324m2
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Buxton Bentleigh
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Property Details for 18-20 Main Rd, Monbulk

18-20 Main Rd, Monbulk is a 0 bedroom, 0 bathroom House. The property has a land size of 1324m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 0 bedroom House sold in Monbulk in the last 12 months.

Building Type
House
Floor Size
260m2
Land Size
1324m2
Local Government
Yarra Ranges
Lot/Plan
1/TP712939

Last Listing description (October 2024)

This exceptional development site is centrally located in Monbulk's main retail strip along Main Road. Situated directly opposite Monbulk Primary School / Monbulk Recreation Reserve and within walking distance to restaurants and retail establishments, this property offers a remarkable opportunity for your next development project, just 40km from Melbourne's CBD.
Streamline your development process with the inclusion of plans and permits for a three-story structure. The property boasts two (2) retail shops facing Main Road, ensuring excellent visibility and exposure. Additionally, the upper-level features Five (5) 2-bedroom apartments, while at the rear, you'll find Seven (7) 3-bedroom residential townhouses with convenient ROW access to Moxhams Road. The strategic location within a serene and peaceful area guarantees a high demand for such a development.
This property is attractively priced to sell and offers immense potential for developers, owner-occupiers, and investors alike. Don't let this fantastic opportunity slip away. Act quickly to secure this prime investment before it's too late.

Property Features:
- Total land area | 1324m2*
- Existing building area | 260m2*
- Proposed building area | 2,056m2*
- Plans & permits for two (2) retail shop + five (5) apartments + seven (7) townhouses.
- R.O.W access leading to Moxhams Road
- Great exposure to busy Main Road.
- Access to a variety of cafe/restaurants/retail/parks
- Outstanding opportunity for Developers.
- Commercial 1 Zone (C1Z)
For further information, don't hesitate to get in touch with
Claude Mery | 0422 455 848
*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information provided, but this does not constitute any representation by the Vendor or Agent.

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Property History for 18-20 Main Rd, Monbulk, VIC 3793

A timeline of how this property has performed in the market
Last Sold
$861,500
24 Oct 2024
  • 24 Oct 2024
    Sold for $861,500
  • 09 Sep 2024
    Listed for Sale $800,000-$850,000
  • 14 May 2024
    Listed for Sale Contact Agent
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About Monbulk 3793

The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2011 was 3,456 people. By 2016 the population was 3,583 showing a population growth of 3.7% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation. In 2011, 81.4% of the homes in Monbulk were owner-occupied compared with 79.4% in 2016.

Monbulk has 1,654 properties. Over the last 5 years, Houses in Monbulk have seen a 38.25% increase in median value, while Units have seen a 26.80% increase. As at 31 October 2024:

  • The median value for Houses in Monbulk is $903,105 while the median value for Units is $649,050.
  • Houses have a median rent of $670 while Units have a median rent of $5,280.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Monbulk on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Monbulk.

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