8 Graeme AvenueMontmorency VIC 3094
Property Details for 8 Graeme Ave, Montmorency
8 Graeme Ave, Montmorency is a 5 bedroom, 2 bathroom Unit. The property has a land size of 948m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (October 2023)
Instantly appealing for its highly sought-after location a short walk from Briar Hill Village, a relaxed stroll from the station and the eclectic mix of shops, boutiques, cafes and eateries along Montmorency's vibrant Were Street and just minutes from the centre of Greensborough, this impressive property delivers endless possibilities!
Currently improved by two separate dwellings.one offering three bedrooms, the other configured with two it provides an outstanding opportunity for imaginative developers and astute investors either update both with total renovations or take inspiration from the improvements along the street and look at multi-dwelling developments. (stca)
With one home currently returning $1390 pcm and the other offering potential income, there is the opportunity to off-set holding costs while making plans for the future.
NRZ3 zoning
In-demand location for quality new homes
Front house: Three bedrooms, central bathroom, large lounge, sitting area and eat-in kitchen
Rear house: Two bedrooms (two-way access to family bathroom), lounge, kitchen-meals and
currently returning $1390 pcm
Alan King - 0416 150 664
Narelle King- 0430 525 703
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https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 8 Graeme Ave, Montmorency, VIC 3094
- 15 Jul 2023Sold for $1,070,000
- 20 Jun 2023Listed for Sale $900,000 to $990,000
- 04 Feb 2022Listed for Rent - Price not available
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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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