OFF MARKET

516 South Road
Moorabbin VIC 3189

Bedrooms: 17
Bathrooms: 6
Car spaces: 6
Floor area: 260m2
Land area: 879m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 18 Nov 2024
Low

High
Save

Property Details for 516 South Rd, Moorabbin

516 South Rd, Moorabbin is a 17 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1970. The property has a land size of 879m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1970
Floor Size
260m2
Land Size
879m2
Local Government
Kingston
Lot/Plan
3A/LP23386

Last Listing description (August 2021)

**FOR MORE INFORMATION PLEASE CONTACT JOHNSON ZHUANG ON: 0452 402 662 OR BEN REED ON: 0403 541 851**

Providing the ultimate investment package, the first time to be sold, this rare 6 flat complex is offered under 1 title allowing you to increase your property holding significantly in one purchase. Positioned in a high yield location, the flats configurations each contain two large bedrooms serviced by a main bathroom separate toilet living space and large kitchen.


-Land 876sqm
-Tenanted
-Solid Brick build with low maintenance
-6 Carparks
-Walk to Holmesglen Institute Tafe, Holmesglen Hospital
-Moorabbin Train station access, bus line 824 minutes walk
-Rare opportunity to purchase freehold investment

Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Distances and timings are approximate. Prospect purchasers should independently verify the information contained in this document and refer to the due diligence check-list provided by consumer affairs. Click on the link for a copy of the due diligence checklist: diligence check-list: http://www.consumer.vic.gov.au/duediligencechecklist

*Photo ID required on inspection.

*Due to COVID regulation and attendees limitations, attendees must register prior to attendance.

COVID ADVICE:

*All inspection attendees are required to wear a mask or face covering where social distancing measures of 1.5m cannot be met. Density quotients of 4sqm per person must be kept during inspections.*

With the well being of and health of our staff, residents, clients and contractors as our main priority it is our responsibility to advise of the following processes we are implementing in line with the State Government and WHO regulations to prevent the spread of Covid-19:

Should you be experiencing any of the following, we request that you do not enter the property and advise our Agents before scheduling an inspection:

Are showing any symptoms of illness/cold/flu
Have tested positive or been in contact with someone who has Covid-19
Have returned from travel overseas the last 14 days
Are currently under quarantine

We thank you for your attention and respecting the health and safety of our workplace.

Property History for 516 South Rd, Moorabbin, VIC 3189

A timeline of how this property has performed in the market
Last Sold
$2,150,000
03 Aug 2021
  • 03 Aug 2021
    Sold for $2,150,000
  • 24 Jun 2021
    Listed for Sale UNDER CONTRACT AUCTION CANCELLED

Commute Calculator

About Moorabbin 3189

The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.

Moorabbin has 5,527 properties. Over the last 5 years, Houses in Moorabbin have seen a 16.42% increase in median value, while Units have seen a 13.57% increase. As at 31 October 2024:

  • The median value for Houses in Moorabbin is $1,232,499 while the median value for Units is $751,861.
  • Houses have a median rent of $650 while Units have a median rent of $590.
There are currently 13 properties listed for sale, and 17 properties listed for rent in Moorabbin on OnTheHouse. According to CoreLogic's data, 205 properties were sold in the past 12 months in Moorabbin.

Suburb Insights for Moorabbin 3189

Market Insights
Moorabbin Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Moorabbin Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.