48 Para RoadMontmorency VIC 3094
Property Details for 48 Para Rd, Montmorency
48 Para Rd, Montmorency is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 1010m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Montmorency in the last 12 months.
Last Listing description (September 2024)
Jellis Craig. Presenting a rare growth opportunity in an exceptional location, this classic weatherboard character home is positioned on an expansive 1009sqm block, offering an array of thrilling future possibilities - including taking advantage of current approved plans and permits for three quality townhouses.
With a generous zoned floorplan ideal for growing families, renovations would complement the elegant original period details to create an enviable period showpiece. Alternatively, the rare block size promises an exciting opportunity for those looking to subdivide or develop as a multi-dwelling site with endorsed plans.
Set just a short stroll from buses and lush Plenty River Trail bushland, the site is also just moments from Montmorency Station, Montmorency Secondary College, Lower Plenty Primary School, leafy Montmorency Park, and both Were Street and Greensborough shopping precincts.
Showcasing lofty high ceilings complemented by elegant original period details including ornate cornices, ceiling moulding and picture rails, the existing home boasts an expansive layout encompassing distinct separate living areas. Formal living and dining rooms are set at the entry, while the rear opens to a generous family room. A casual dining area is set alongside a large kitchen with gas cooktop, dishwasher and breakfast bar. Offering five bedrooms and two full bathrooms - including a renovated skylit central bathroom - the home presents strong scope for further updates and enhancements if desired. The property also includes an additional guest W/C, a full laundry, an undercover rear patio, an oversized back garden, a substantial double lock-up garage plus workshop, and ample additional gated off-street parking.
The approved plans and permits for three townhouses offer an enticing opportunity for those looking to redevelop, with sought-after layouts ideal for a vast portion of buyers from downsizers to family home buyers. Architectural plans encompass three sizeable townhouse residences, with each home featuring coveted north-facing rear deckings, double lock-up garages, spacious open plan design, ground floor master bedrooms with WIR and ensuite, and upper levels comprising large rumpus / two additional robed bedrooms / central bathroom / study.
Property History for 48 Para Rd, Montmorency, VIC 3094
- 14 Aug 2024Sold for $920,000
- 24 Jul 2024Listed for Sale Not Disclosed
- 23 Oct 2023Listed for Rent $500 / 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 4,491 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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