SOLD
Sold on 13 Oct 2023 for $990,000

46 Derby Street
Pascoe Vale VIC 3044

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 206m2
Sold By
NELSON ALEXANDER PASCOE VALE
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Property Details for 46 Derby St, Pascoe Vale

Building Type
Commercial
Year Built
1960
Land Size
206m2
Local Government
Merri-Bek
Lot/Plan
6/LP13107

Last Listing description (October 2023)

Home to L'Artigiana Italian Restaurant, this unique retail premises (including a 2BR apartment above) is being sold with vacant possession providing a brilliant opportunity for commercial investors and business owners alike.

The downstairs area features a sizeable dining room and commercial-grade kitchen (equipment not included in the sale but available to purchase separately).

Add to this a private undercover courtyard complete with guest powder room and secure two-car off-street parking via the rear ROW.

Head upstairs to discover a light-filled apartment comprising two bedrooms (larger master with robes) and stylish fully-tiled bathroom, spacious open-plan living/dining area and modern stone-bench kitchen with stainless steel cooking appliances.

Bus stop out front, it's also walking distance to Coburg North Village Shopping Centre, local schools and Raeburn Reserve, as well as easy access to Melville Road trams, Batman Station and Citylink.

Land size approx 206sqm with commercial 1 zoning (C1Z).

Property History for 46 Derby St, Pascoe Vale, VIC 3044

A timeline of how this property has performed in the market
Last Sold
$990,000
13 Oct 2023
Listed for Rent
$24k/w
17 Apr 2020
  • 13 Oct 2023
    Sold for $990,000
  • 05 Jul 2023
    Listed for Sale Private Sale $1,030,000
  • 21 Oct 2019
    Listed for Rent $24,000 / year
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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 9,729 properties. Over the last 5 years, Houses in Pascoe Vale have seen a 18.44% increase in median value, while Units have seen a 15.73% increase. As at 30 September 2024:

  • The median value for Houses in Pascoe Vale is $1,030,272 while the median value for Units is $644,517.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 38 properties listed for sale, and 24 properties listed for rent in Pascoe vale on OnTheHouse. According to CoreLogic's data, 497 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.