2/21 Hotham RoadNiddrie VIC 3042
Property Details for 2/21 Hotham Rd, Niddrie
2/21 Hotham Rd, Niddrie is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1993. The property has a land size of 270m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (February 2024)
Discover the potential of a lifetime with this exceptional real estate opportunity at 1 & 2/21 Hotham Road, Niddrie. Two units, each with separate titles, are now available and must be sold as one package. This rare find opens the door to a world of possibilities, waiting for the savvy investor or developer.
Key Features:
Prime Location: Situated in a highly sought-after area, these units boast a zoning that paves the way for significant development (subject to all relevant approvals). Nearby properties at 13 & 15 Hotham Road have already been developed up to 3 stories, showcasing the area's potential.
Convenience at Your Doorstep: Enjoy the convenience of a short walk to Keilor Road, where you can indulge in a plethora of dining options, bars, cafes, restaurants and shopping boutiques. As well convenience access to medical centres and health needs. Direct tram route 59 to Melbourne CBD and bus services are right at your doorstep, ensuring seamless connectivity.
Education Hub: Within the catchment area for prominent private and public schools, this property offers an excellent educational environment for families. Easy access to kindergartens and daycare facilities enhances the appeal for families with young children.
Traveler's Delight: Enjoy proximity to Melbourne Airport and Essendon DFO, making travel and shopping a breeze.
Income Potential: Currently, both units are rented, generating a combined income of $44,076 per year. Unit 1 features 3 bedrooms, 1 bathroom, a single-car garage, and off-street parking, renting at $395 per week. Unit 2 offers 2 bedrooms, 2 bathrooms, a garage, and off-street parking, renting at $450 per week.
Land Size: With a total land size of approximately 650m2, the potential for development is vast. Imagine the stunning possibilities that await your creative vision.
Property History for 2/21 Hotham Rd, Niddrie, VIC 3042
- 09 Nov 2023Listed for Sale Not Disclosed
- 29 Jan 2018Listed for Rent - Price not available
- 09 Dec 2017Sold for $686,500
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0About Niddrie 3042
The size of Niddrie is approximately 1.9 square kilometres. It has 10 parks covering nearly 5.5% of total area. The population of Niddrie in 2011 was 4,874 people. By 2016 the population was 5,455 showing a population growth of 11.9% in the area during that time. The predominant age group in Niddrie is 40-49 years. Households in Niddrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Niddrie work in a professional occupation. In 2011, 76.2% of the homes in Niddrie were owner-occupied compared with 73% in 2016.
Niddrie has 3,138 properties.
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