OFF MARKET

1 Gerald Street
Murrumbeena VIC 3163

Bedrooms: 17
Bathrooms: 11
Car spaces: -
Floor area: 91m2
Land area: 657m2
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Last updated 2 Sep 2024
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Property Details for 1 Gerald St, Murrumbeena

1 Gerald St, Murrumbeena is a 17 bedroom, 11 bathroom Unit and was built in 1940. The property has a land size of 657m2 and floor size of 91m2.

Building Type
Unit
Year Built
1940
Floor Size
91m2
Land Size
657m2
Local Government
Glen Eira

Last Listing description (March 2024)

A unique opportunity exists to make your mark & enjoy endless returns on this solid brick strata titled block of eleven apartments, ideally located on a 910m2* allotment in a prime pocket of Murrumbeena. Investors looking to secure property in a high growth locale & immediately bring in an income from tenants with the option to renovate & enhance each apartment, to hold, on sell individually or explore future options (STCA) - the possibilities are endless. Featuring eleven generously proportioned apartments including six two bedroom apartments & five one bedroom apartments of varying condition & layouts across the two levels. Each apartment also features a comfortably spacious living & dining room, a functional kitchen, central bathroom, a panel wall heater, undercover off street parking at the rear of block, communal laundry facilities & access to a shared internal courtyard space. This brilliantly located, well maintained block is just an easy walk to local shops, trains & buses, Murrumbeena Park, St Patricks & Murrumbeena Primary Schools & Chadstone Shopping Centre. Don't miss the opportunity to capitalise on this fabulous address! * Approximate Title Dimensions.

Property History for 1 Gerald St, Murrumbeena, VIC 3163

A timeline of how this property has performed in the market
Listed for Rent
$395/w
13 May 2022
  • 12 Feb 2024
    Listed for Sale $3,000,000 - $3,300,000
  • 01 Feb 2022
    Listed for Rent $460 / week

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About Murrumbeena 3163

The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2011 was 8,592 people. By 2016 the population was 9,928 showing a population growth of 15.5% in the area during that time. The predominant age group in Murrumbeena is 20-29 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation. In 2011, 61.7% of the homes in Murrumbeena were owner-occupied compared with 59.5% in 2016.

Murrumbeena has 5,674 properties. Over the last 5 years, Houses in Murrumbeena have seen a 36.11% increase in median value, while Units have seen a 2.79% increase. As at 31 July 2024:

  • The median value for Houses in Murrumbeena is $1,661,722 while the median value for Units is $571,973.
  • Houses have a median rent of $700 while Units have a median rent of $460.
There are currently 10 properties listed for sale, and 12 properties listed for rent in Murrumbeena on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Murrumbeena.

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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.