SOLD
Sold on 01 May 2024 for $585,000

1/7 Mercer Street
Oakleigh East VIC 3166

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 120m2
Land area: 69m2
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Property Details for 1/7 Mercer St, Oakleigh East

1/7 Mercer St, Oakleigh East is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 69m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Oakleigh East in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
120m2
Land Size
69m2
Local Government
Monash
Lot/Plan
1/RP1195

Last Listing description (November 2016)

Be the first to inspect this two bedroom unit in a quiet block close to public transport. Entry, bright living room, separate kitchen with room for dining, gas cooking, and ample cupboard space, bathroom with laundry facilities, separate WC and features gas ducted heating, built in robes. Features wall to wall carpets throughout, rear courtyard with shed and single carport. To register your interest in this property, please email oakleighrentals@woodards.com.au

Property History for 1/7 Mercer St, Oakleigh East, VIC 3166

A timeline of how this property has performed in the market
Last Sold
$585,000
01 May 2024
Listed for Rent
$330/w
15 Nov 2016
  • 01 May 2024
    Sold for $585,000
  • 21 Aug 2021
    Transferred
  • 13 Oct 2016
    Listed for Rent $330 / week
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About Oakleigh East 3166

The size of Oakleigh East is approximately 2.1 square kilometres. It has 6 parks covering nearly 5.4% of total area. The population of Oakleigh East in 2011 was 5,972 people. By 2016 the population was 6,432 showing a population growth of 7.7% in the area during that time. The predominant age group in Oakleigh East is 20-29 years. Households in Oakleigh East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh East work in a professional occupation. In 2011, 62.8% of the homes in Oakleigh East were owner-occupied compared with 61.4% in 2016.

Oakleigh East has 3,489 properties. Over the last 5 years, Houses in Oakleigh East have seen a 23.34% increase in median value, while Units have seen a 10.14% increase. As at 31 October 2024:

  • The median value for Houses in Oakleigh East is $1,286,974 while the median value for Units is $841,427.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 18 properties listed for sale, and 9 properties listed for rent in Oakleigh east on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Oakleigh east.

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