592 Park RoadPark Orchards VIC 3114
Property Details for 592 Park Rd, Park Orchards
Last Listing description (February 2008)
SOLD!! ANOTHER PROPERTY WANTED
THE IMPORTANCE IS TIME TO SECURE THE FUTURE WITH THIS EXCELLENT LONG TERM INVESTMENT AND POTENTIAL TO EXTEND AT A LATER DATE. Total building area 70 s/m approximately.
This brick lock up shop with main road exposure and centrally located amongst other local village shops, is presently leased on 5 x 5 year lease from 19/9/2007. Rent return $15,600 net per annum plus GST and all outgoings, with yearly reviews of 3%. Inspections strictly by appointment.
FRANK D'ASSISI 0418 314 654
DANIEL D'ASSISI 0411 863 338
Property History for 592 Park Rd, Park Orchards, VIC 3114
- 13 Apr 2024Sold for $650,000
- 07 Oct 2014Sold for $443,500
- 14 Apr 2008Sold for $388,500
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0About Park Orchards 3114
The size of Park Orchards is approximately 9.5 square kilometres. It has 15 parks covering nearly 10.3% of total area. The population of Park Orchards in 2011 was 3,717 people. By 2016 the population was 3,810 showing a population growth of 2.5% in the area during that time. The predominant age group in Park Orchards is 10-19 years. Households in Park Orchards are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Park Orchards work in a professional occupation. In 2011, 95.1% of the homes in Park Orchards were owner-occupied compared with 93.8% in 2016.
Park Orchards has 1,365 properties. Over the last 5 years, Houses in Park Orchards have seen a 27.40% increase in median value. As at 31 October 2024:
- The median value for Houses in Park Orchards is $1,860,184 while the median value for Units is $1,434,764.
- Houses have a median rent of $1,200.
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