2/38 Para RoadMontmorency VIC 3094
Property Details for 2/38 Para Rd, Montmorency
2/38 Para Rd, Montmorency is a 2 bedroom, 1 bathroom Unit. The property has a land size of 620m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (March 2022)
An easy walk to Montmorency's bustling cafe lined Were Street, the Primary School and the train station for a comfortable commute to work. Ideally situated close to the extensive tree lined walking tracks beside the Plenty River for exercise and relaxation. This generously proportioned 620sqm block (approx.) offers more than enough space for your dreamed of family home or investment property (STCA).
At the moment the two bedroom one bathroom cottage has a tenant in place on a lease for 12 months paying $1,369 per month. This will enable you to earn an income while you finalise your plans to rebuild or redevelop (STCA).
This potential packed parcel of land is sure to appeal to renovators, new home builders or developers looking for a foot hold into the ever popular suburb of Montmorency.
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Property History for 2/38 Para Rd, Montmorency, VIC 3094
- 08 Mar 2022Sold for $670,000
- 08 Oct 2021Listed for Sale Asking $699,000
- 19 Oct 2013Listed for Rent $290 / week
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0About 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 4,442 properties. Over the last 5 years, Houses in Montmorency have seen a 29.20% increase in median value, while Units have seen a 21.86% increase. As at 30 September 2024:
- The median value for Houses in Montmorency is $1,140,199 while the median value for Units is $798,612.
- Houses have a median rent of $650 while Units have a median rent of $535.
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