OFF MARKET

2/40 Para Road
Montmorency VIC 3094

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 164m2
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Property Details for 2/40 Para Rd, Montmorency

2/40 Para Rd, Montmorency is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 164m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in July 2019.

Building Type
Unit
Year Built
1990
Floor Size
90m2
Land Size
164m2
Local Government
Banyule
Lot/Plan
2/SP25659

Last Listing description (July 2019)


If you have been searching for the ideal 1st home, downsizer or investment opportunity, look no further. This is it! This attractive home set within a quiet well-tended complex creates a warm welcome right from the moment you step inside. Featuring a practical single level design, the inviting interior enjoys a spacious lounge room, adjoining kitchen/meals with stainless steel appliances and walk-in pantry, 2 robed bedrooms and a practical 2-way bathroom. The paved courtyard garden provides a private retreat for outdoor dining and relaxation, while other features include ducted heating, split system air conditioning, lockup garage and easy access to amenities in popular Were Street, Montmorency and Lower Plenty Shopping Strip.

Features:
Fantastic 1st home, downsizer or investment opportunity
Quiet well-tended complex with great convenience
Spacious lounge room, well-equipped kitchen/meals area
2 robed bedrooms, 2-way bathroom, lockup garage
Ducted heating, air conditioning, private courtyard garden
THIS IS A REGISTERED AUCTION

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Property History for 2/40 Para Rd, Montmorency, VIC 3094

A timeline of how this property has performed in the market
Last Sold
$530,000
06 Jul 2019
Listed for Rent
16 May 2017
  • 06 Jul 2019
    Sold for $530,000
  • 11 Jun 2019
    Listed for Sale $420,000 - $460,000
  • 03 Sep 2018
    Listed for Sale 520000-570000
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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 4,449 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.
There are currently 25 properties listed for sale, and 2 properties listed for rent in Montmorency on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Montmorency.

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