523 High StreetNorthcote VIC 3070
Property Details for 523 High St, Northcote
Last Listing description (July 2024)
Sale by SET DATE: Thursday 2nd May at 6:00pm (unless sold prior)
Barry Plant Northcote is pleased to offer this premium commercial opportunity and versatile offering with strategic location and adaptable zoning and undeniable potential with a Special Overlay of 5 storeys development (STCA)
Located amongst Blue Chip retail traders, High St Shopping, restaurant/cafes Northcote Plaza, trains and trams ALL AT YOUR DOOR STEP.
With easy access to Melbourne CBD only 7.5km.
Property Features:
-Commercial 1 Zoning
-Land Area 234 m2
-Building Area 190 m2
-Wide rear access Via Dual right of way with T junction
-Dual Rental return
-Shop front retail - Floor area approx. 50 m2
-Kitchenette and Powder room
- $2,520.00 per month
-Dwelling double storey - 2 bedroom
-Large rear garden with brick lock up garage
- $2,433.00 per month
-Total Investment return $59,436.00 PA
-Special overlay 5 Storey Multi Unit Development Opportunity (STCA)
Property History for 523 High St, Northcote, VIC 3070
- 01 May 2024Sold for $1,460,000
- 28 Mar 2024Listed for Sale Sold
- 21 Jan 2022Listed for Rent $550 / week
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About Northcote 3070
The size of Northcote is approximately 6 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Northcote in 2011 was 22,919 people. By 2016 the population was 24,582 showing a population growth of 7.3% in the area during that time. The predominant age group in Northcote is 30-39 years. Households in Northcote are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northcote work in a professional occupation. In 2011, 60.7% of the homes in Northcote were owner-occupied compared with 58.6% in 2016.
Northcote has 14,264 properties. Over the last 5 years, Houses in Northcote have seen a 28.31% increase in median value, while Units have seen a 12.00% increase. As at 31 July 2024:
- The median value for Houses in Northcote is $1,703,247 while the median value for Units is $642,871.
- Houses have a median rent of $750 while Units have a median rent of $550.
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