1-3 Mountain View RoadMontmorency VIC 3094
Property Details for 1-3 Mountain View Rd, Montmorency
1-3 Mountain View Rd, Montmorency is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1933m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (June 2023)
Expressions of Interest: Offers Close Wednesday 31st May at 5pm (Unless Sold Prior)
This prominent corner landholding (1942 m2 approx) presents an exceptional and increasingly rare opportunity to secure this development site just 350 metres from Montmorencys thriving Were Street, with its station and eclectic blend of shopping, dining, caf and entertainment options.
To be sold with endorsed plans for a 63-place childcare centre that will include four group rooms, outdoor play areas and on-site parking, buyers can look to explore other options to take full advantage of the location and the current zoning (residential zoning NRZ3).
Versatile corner allotment of 1924m2
40m frontage to Rattray Road
58 m frontage to Mountain View Road
Zoned Neighbourhood Residential 3 (medium density)
Currently improved by two separate buildings totalling 479 m2 with re-purposing potential to suit an array of users (stca )
Montmorency sits within the City of Banyule, a Victorian
Government high priority precinct. The last census noted that
young families are on the increase in this area. Population growth
is forecast at a 7% increase by 2027 and 12% by 2036
(All measurements are approximate)
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Property History for 1-3 Mountain View Rd, Montmorency, VIC 3094
- 31 May 2023Sold for $2,610,300
- 02 May 2023Listed for Sale $2,373,000
- 16 Dec 2020Sold for $2,384,800
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About Montmorency 3094
The size of Montmorency is approximately 3.8 square kilometres. It has 18 parks covering nearly 7.1% of total area. The population of Montmorency in 2011 was 8,758 people. By 2016 the population was 8,939 showing a population growth of 2.1% in the area during that time. The predominant age group in Montmorency is 40-49 years. Households in Montmorency are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montmorency work in a professional occupation. In 2011, 80.1% of the homes in Montmorency were owner-occupied compared with 80.2% in 2016.
Montmorency has 4,491 properties. Over the last 5 years, Houses in Montmorency have seen a 26.46% increase in median value, while Units have seen a 20.17% increase. As at 31 October 2024:
- The median value for Houses in Montmorency is $1,129,401 while the median value for Units is $798,534.
- Houses have a median rent of $650 while Units have a median rent of $543.
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