383 Mont Albert Rd, Mont Albert is a 7 bedroom, 3 bathroom House with 3 parking spaces and was built in 1930. The property has a land size of 1820m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in May 2018.
Developers, this is a once-in-a-lifetime opportunity. A property spread across three blocks totalling 1820 sq m approx. and on a corner with a massive 42.67 metre frontage alongside the stunning tree-lined streetscape of Mont Albert Road, get ready to construct a hugely profitable development (STCA).
On the edge of pretty Hamilton Street Village and just steps from Mont Albert train station, this blue-ribbon locale is close to every desirable amenity. Stroll to Our Holy Redeemer Primary School, Surrey Hills Primary School, Union Road Village, Box Hill Central, hospitals, TAFE and the 109 tram bound for Balwyn and Kew's private schools.
While organising plans and permits, the three existing homes can be leased out for convenient cashflow. Currently two are tenanted and one is being advertised for lease.
* Three blocks totalling 1820 sq m approx.
* On the corner of Stanhope Street with a 42.67 metre frontage along Mont Albert Road
* A once-in-a-lifetime development opportunity (STCA)
* Neighbourhood Residential Zone - Schedule 5
* Currently the site of three comfortable, tenantable homes
* On the edge of Hamilton Street Village and seconds from the train station
* Stroll to primary schools, Union Road Village, Box Hill Central and the 109 tram
Terms: 10% deposit, balance 30/60/90 days
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs.
http://www.consumer.vic.gov.au/duediligencechecklist
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:
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