231 Melville RoadPascoe Vale South VIC 3044
Property Details for 231 Melville Rd, Pascoe Vale South
231 Melville Rd, Pascoe Vale South is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 154m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in July 2011.
Last Listing description (July 2011)
Attractive Investment Opportunity
A secure investment opportunity is on offer with this double story shop and dwelling. Offering a wide open plan shop front, second office and kitchen with gas cooking facilities. Upstairs dwelling consists of two bedrooms, separate lounge room and separate bathroom. The property is currently tenanted till July 2012 with a three year option remaining. Zoned Business One with a building area of 110 sqm, this great opportunity also offers ROW access to a double lock up car port. Located within the Melville Road Shopping Precinct with convenient access to all major freeways, CBD and offers transport to and from your doorstep.
Property History for 231 Melville Rd, Pascoe Vale South, VIC 3044
- 01 Jul 2011Sold for $537,500
- 04 Mar 2011Listed for Sale PRIVATE SALE $547,500
- 19 May 2007Sold for $360,000
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About Pascoe Vale South 3044
The size of Pascoe Vale South is approximately 3.1 square kilometres. It has 10 parks covering nearly 5.2% of total area. The population of Pascoe Vale South in 2011 was 9,532 people. By 2016 the population was 10,055 showing a population growth of 5.5% in the area during that time. The predominant age group in Pascoe Vale South is 40-49 years. Households in Pascoe Vale South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale South work in a professional occupation. In 2011, 77.2% of the homes in Pascoe Vale South were owner-occupied compared with 76.6% in 2016.
Pascoe Vale South has 4,893 properties. Over the last 5 years, Houses in Pascoe Vale South have seen a 14.81% increase in median value, while Units have seen a 3.95% increase. As at 30 November 2024:
- The median value for Houses in Pascoe Vale South is $1,163,354 while the median value for Units is $631,500.
- Houses have a median rent of $678 while Units have a median rent of $510.
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