SOLD
RECENT ADVICE
Sold on 26 Jun 2024 for $860,000

32 Burgundy Street
Pascoe Vale VIC 3044

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 115m2
Land area: 437m2
Sold By
Jellis Craig Pascoe Vale
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Property Details for 32 Burgundy St, Pascoe Vale

32 Burgundy St, Pascoe Vale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 437m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Pascoe Vale in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
115m2
Land Size
437m2
Local Government
Merri-Bek
Lot/Plan
6/LP5561

Last Listing description (October 2024)

Seize this unique development opportunity with a property ideally positioned in the heart of Pascoe Vale's with a Residential Growth Zone - Schedule 2 (RGZ - 2) zoning. This land, offers a rare chance for developers and investors to capitalise on its intrinsic value, with an existing structure. The property perfectly suited for a comprehensive redevelopment project. It supports versatile planning options that could accommodate various residential or mixed-use developments, subject to council approval. This property presents a clear canvas for those looking to construct a new, modern development that can maximise the site's value and appeal. The zone's designation encourages growth and increased density, making it an ideal site for a project that could meet the area's growing demand for housing. Situated in a thriving neighbourhood, the site benefits from outstanding proximity to local amenities, including shopping centres, schools, and public transport options, enhancing its attractiveness for future residents and ensuring a smart, sustainable investment. This property represents not just a piece of land but a gateway to immense potential in one of Melbourne's steadily expanding suburbs. This is an exceptional opportunity for developers to design and construct a landmark project in a community geared towards growth and development.

Property History for 32 Burgundy St, Pascoe Vale, VIC 3044

A timeline of how this property has performed in the market
Last Sold
$860,000
26 Jun 2024
Listed for Rent
$390/w
17 Nov 2021
  • 26 Jun 2024
    Sold for $860,000
  • 18 Jun 2024
    Listed for Sale Reserve $950,000
  • 17 Sep 2021
    Listed for Rent $390 / week
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About Pascoe Vale 3044

The size of Pascoe Vale is approximately 4.9 square kilometres. It has 22 parks covering nearly 7.4% of total area. The population of Pascoe Vale in 2011 was 14,886 people. By 2016 the population was 17,038 showing a population growth of 14.5% in the area during that time. The predominant age group in Pascoe Vale is 30-39 years. Households in Pascoe Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale work in a professional occupation. In 2011, 67.7% of the homes in Pascoe Vale were owner-occupied compared with 63.1% in 2016.

Pascoe Vale has 9,806 properties. Over the last 5 years, Houses in Pascoe Vale have seen a 17.26% increase in median value, while Units have seen a 10.85% increase. As at 31 October 2024:

  • The median value for Houses in Pascoe Vale is $1,051,180 while the median value for Units is $640,849.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 55 properties listed for sale, and 13 properties listed for rent in Pascoe vale on OnTheHouse. According to CoreLogic's data, 520 properties were sold in the past 12 months in Pascoe vale.

Suburb Insights for Pascoe Vale 3044

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.