OFF MARKET

110/741 Whitehorse Road
Mont Albert VIC 3127

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
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Last updated 16 Dec 2024
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Property Details for 110/741 Whitehorse Rd, Mont Albert

110/741 Whitehorse Rd, Mont Albert is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a floor size of 54m2.

Building Type
Unit
Year Built
2004
Floor Size
54m2
Local Government
Whitehorse

Last Listing description (November 2014)

6.5% Rent Return - No Vacancies
*INVESTORS ONLY - HIGH RENT RETURN, LONG LEASE, GREAT LOCATION
The apartment is spacious and consists of an open plan living/dining room, fully equipped kitchen, a bathroom with laundry facilities and a fully enclosed private patio.

Recently refurbished with new carpets and paint, plus a car park on title, this is an investment opportunity that should not be missed.
Lease to September 2018 with 6 x 5 year options
4% Built In Rent Increases as follows
Current Rent $18,253 - 6.5%
2015 Increase to $18,983 - 6.78%
2016 Increase to $19,742 - 7%
2017 Increase to $20,531 - 7.33%
2018 Market Review
Quest apartments provide a steady and reliable income stream without the day to day hassles experienced by landlords in the private rental market.
Rents paid regardless of occupancy - No vacancies
No management or letting fees
Quest pays: Owners Corporation Administration fee inc. building insurance
Owner pays: Council & water rates, Sinking fund contribution
No tenant hassles
Contact us today for more information

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Property History for 110/741 Whitehorse Rd, Mont Albert, VIC 3127

A timeline of how this property has performed in the market
  • 27 Oct 2014
    Listed for Sale 280000

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About Mont Albert 3127

The size of Mont Albert is approximately 1.7 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Mont Albert in 2011 was 4,954 people. By 2016 the population was 4,854 showing a population decline of 2.0% in the area during that time. The predominant age group in Mont Albert is 40-49 years. Households in Mont Albert are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mont Albert work in a professional occupation. In 2011, 71.4% of the homes in Mont Albert were owner-occupied compared with 70% in 2016.

Mont Albert has 2,801 properties. Over the last 5 years, Houses in Mont Albert have seen a 8.51% increase in median value, while Units have seen a 4.46% increase. As at 30 November 2024:

  • The median value for Houses in Mont Albert is $2,244,986 while the median value for Units is $818,173.
  • Houses have a median rent of $850 while Units have a median rent of $580.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Mont albert on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Mont albert.

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