OFF MARKET

5/22-24 Westwood Drive
Ravenhall VIC 3023

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 97m2
Land area: 159m2
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Last updated 11 Nov 2024
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Property Details for 5/22-24 Westwood Dr, Ravenhall

5/22-24 Westwood Dr, Ravenhall is a bedroom, bathroom Unit with 5 parking spaces and was built in 2001. The property has a land size of 159m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in September 2014.

Building Type
Unit
Year Built
2001
Floor Size
97m2
Land Size
159m2
Local Government
Melton
Lot/Plan
5/PS436265

Last Listing description (April 2014)

COMMERCIAL INVESTMENT OPPORTUNITY
Purchase one or both of these well located commercial Factories in Prime Westwood Drive Industrial precinct. These two well located tilt slab style factories are now available. Measuring approx 150 square metres each and include toilet facilities and kitchen sink with cabinet. Also has large automatic roller door and separate access door. In prime position amongst other established businesses, it is ready for you. With frontage onto Westwood Drive and offering an opportunity to be exposed to one of the busiest roads in this prime commercial area, watch your business thrive. Also enjoy the exposure and traffic created by the successful take away food business adjacent. You can buy as an Investment currently returning $16,700 per annum each or buy with vacant possession. Call Professionals Ryder Real Estate Melton to find out all the details and arrange an inspection.

Property History for 5/22-24 Westwood Dr, Ravenhall, VIC 3023

A timeline of how this property has performed in the market
Last Sold
$242,000
22 Sep 2014
  • 22 Sep 2014
    Sold for $242,000
  • 29 Mar 2014
    Listed for Sale $260,000 EACH
  • 14 Oct 2013
    Listed for Sale $260,000 EACH

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About Ravenhall 3023

The size of Ravenhall is approximately 13.6 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of Ravenhall in 2011 was 688 people. By 2016 the population was 1,162 showing a population growth of 68.9% in the area during that time. The predominant age group in Ravenhall is 20-29 years. Households in Ravenhall are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ravenhall work in a trades occupation. In 2006, 25% of the homes in Ravenhall were owner-occupied compared with 74.4% in 2011.

Ravenhall has 1,312 properties. Over the last 5 years, Houses in Ravenhall have seen a 140.54% increase in median value, while Units have seen a 42.71% increase. As at 31 October 2024:

  • The median value for Houses in Ravenhall is $704,466 while the median value for Units is $641,907.
There are currently 5 properties listed for sale, and 13 properties listed for rent in Ravenhall on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Ravenhall.

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