2 Erskine StreetNunawading VIC 3131
Property Details for 2 Erskine St, Nunawading
2 Erskine St, Nunawading is a 5 bedroom, 2 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 863m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 5 bedroom House sold in Nunawading in the last 12 months.
Last Listing description (May 2024)
Conveniently located in Nunawading's eastern residential precinct, tucked away along a cul-de-sac, and within walking distance of Nunawading train station, this substantial 863 sqm (approx) allotment represents a significant landholding opportunity.
Currently arranged as a single household property, there is extraordinary potential for subdivision and multi-unit townhouse development, supported by the property's generous 19m frontage. Further benefits of the site include a north-south orientation and shovel-ready, level dimensions.
There is no need to retrieve council approval, with permits already in place for three townhouses. Of course, new permits can be sought in alignment with the current building envelope.
The current property is comfortably livable and ideal for new owners to move-into while considering their next move. Rework the current floor plan to suit contemporary desires, rebuild a luxury home, or pursue concentrated development. Its flexibility makes it ideal from an investment, development, and home-ownership point-of-view.
Its central location places Forest Hill Chase, Mitcham Plaza, and Whitehorse Road homeware stores within easy reach. Zoning is for Nunawading Primary School and the highly sought-after Mullauna Secondary College.
Property History for 2 Erskine St, Nunawading, VIC 3131
- 06 Mar 2024Sold for $1,155,000
- 30 Nov 2023Listed for Sale $1,100,000 - $1,200,000
- 28 Aug 2021Sold for $1,315,000
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0About Nunawading 3131
The size of Nunawading is approximately 5.1 square kilometres. It has 23 parks covering nearly 4.1% of total area. The population of Nunawading in 2011 was 10,945 people. By 2016 the population was 11,863 showing a population growth of 8.4% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation. In 2011, 70.1% of the homes in Nunawading were owner-occupied compared with 68.1% in 2016.
Nunawading has 6,930 properties. Over the last 5 years, Houses in Nunawading have seen a 14.70% increase in median value, while Units have seen a 9.03% increase. As at 31 October 2024:
- The median value for Houses in Nunawading is $1,149,784 while the median value for Units is $704,240.
- Houses have a median rent of $605 while Units have a median rent of $500.
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