SOLD
Sold on 08 May 2024 for $8,000,000

55-59 Westwood Drive
Ravenhall VIC 3023

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8570m2
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Property Details for 55-59 Westwood Dr, Ravenhall

Building Type
Commercial
Land Size
8570m2
Local Government
Melton
Lot/Plan
13/PS346530

Last Listing description (January 2017)

Situated in a Great Location with other National tenants quick access to major freeways, minutes away from Ballarat Road and the Deer Park by pass
- Open Plan Showroom Area .
- Floor Area 495 M2 plus office of 100m2

- Tilt panel construction
- Male and Female toilets.
- 4 Roller Door with easy access
- Facing Westwood drive
- Ample car parking.
- Secure and quiet block
- Heaps of 3 phase outlets.
Contact Charles cipri 0407 549 796 Email charles@pdinatale.com.au
Exclusive Leasing Agent

Property History for 55-59 Westwood Dr, Ravenhall, VIC 3023

A timeline of how this property has performed in the market
Last Sold
$8,000,000
08 May 2024
Listed for Rent
$1.63k/w
01 Jan 2017
  • 08 May 2024
    Sold for $8,000,000
  • 25 Aug 2016
    Listed for Rent - Price not available
  • 24 Apr 2015
    Listed for Rent $60,000 / year
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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 1,321 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 30 November 2024:

  • The median value for Houses in Ravenhall is $768,924 while the median value for Units is $598,188.
There are currently 7 properties listed for sale, and 14 properties listed for rent in Ravenhall on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Ravenhall.

Suburb Insights for Ravenhall 3023

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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.