OFF MARKET

50/741 Whitehorse Road
Mont Albert VIC 3127

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 75m2
Land area: 94m2
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Property Details for 50/741 Whitehorse Rd, Mont Albert

50/741 Whitehorse Rd, Mont Albert is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 94m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in October 2008.

Building Type
Unit
Year Built
2003
Floor Size
75m2
Land Size
94m2
Local Government
Whitehorse
Lot/Plan
50/PS446446

Last Listing description (October 2008)

SHARE MARKET GOT YOU DOWN? TAKE A LOOK AT THIS BLUE CHIP APARTMENT WITH HUGE RETURNS AND LONG TERM LEASE
IF YOU'RE LOOKING FOR AN INVESTMENT THAT HAS ABOVE MARKET AVERAGE RETURNS OF $22,127 P.A, LONG TERM SECURITY AND MINIMAL ONGOING COSTS LOOK NO FURTHER!
LEASED TO QUEST SERVICED APARTMENTS ON A 4 X 5 YEAR LEASE YOU WON'T BE ABLE TO RESIST THE HUGE 7.8% RETURNS THIS STUNNING TOP FLOOR APARTMENT HAS TO OFFER. AS WELL AS FANTASTIC INCOME THERE ARE NO ANNUAL BODY CORP FEES AND RENTAL INCREASE HAVE ALREADY BEEN WRITTEN INTO THE LEASE. WITH 75SQM OF LIVING SPACE THERE ARE TWO BEDROOMS WITH BIRS, 2 MODERN BATHROOMS THE SECOND WITH EUROPEAN LAUNDRY, KITCHEN WITH S/S APPLIANCES, LARGE FAMILY/MEALS AREA, PRIVATE BALCONY AND TWO SECURE CAR PARKS. WITH BOX HILL CENTRAL AND TAFE, SWINBURNE TAFE, MONT ALBERT STATION AND TRAMS ALL NEARBY THIS ONE OFFERS TRUE VALUE AND LONG TERM SECURITY.

WE ARE ALSO ABLE TO ASSIST YOU WITH YOUR FINANCE NEEDS WITH SPECIFIC TAILORED PACKAGES FOR INVESTMENT PROPERTIES.
THE NEW LEASE ON THIS PROPERTY HAS JUST COMMENCED, THE RENTAL RETURN FOR NEXT 5 YEARS WILL BE:
YEAR 1 - $22,127.76
YEAR 2 - $22,127.76
YEAR 3 - $23,012.87
YEAR 4 - 23,933.39
YEAR 5 - $24,890.72
TOTAL: $116,092.50
CONTACT AGENT:
MARK BRILLIANT: 0450 101 955

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Property History for 50/741 Whitehorse Rd, Mont Albert, VIC 3127

A timeline of how this property has performed in the market
Last Sold
$284,000
09 Oct 2008
  • 09 Oct 2008
    Sold for $284,000
  • 08 Nov 2006
    Listed for Sale $285,999
  • 28 Jun 2002
    Sold for $337,500

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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 2,795 properties. Over the last 5 years, Houses in Mont Albert have seen a 14.96% increase in median value, while Units have seen a 15.04% increase. As at 31 August 2024:

  • The median value for Houses in Mont Albert is $2,221,036 while the median value for Units is $806,688.
  • Houses have a median rent of $775 while Units have a median rent of $565.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Mont albert on OnTheHouse. According to CoreLogic's data, 122 properties were sold in the past 12 months in Mont albert.

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