SOLD
Sold on 18 Apr 2024 for $3,160,000

40 Gumtree Road
Research VIC 3095

Bedrooms: 5
Bathrooms: 4
Car spaces: 9
Floor area: 336m2
Land area: 67579m2
Sold By
Jellis Craig Eltham
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Property Details for 40 Gumtree Rd, Research

40 Gumtree Rd, Research is a 5 bedroom, 4 bathroom House with 9 parking spaces and was built in 1980. The property has a land size of 67579m2 and floor size of 336m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 5 bedroom House sold in Research in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
336m2
Land Size
67579m2
Local Government
Nillumbik
Lot/Plan
2/LP126559

Last Listing description (September 2024)

SOLD by Jellis Craig. Approached along a quiet country lane, 'Mudjimba' offers unparalleled privacy and the chance to immerse yourself in the tranquility and beauty of this prestigious locale on a private 16.7 acres. Designed by renowned architect John Pizzey and built with love by the owners, this striking home flaunts a classic mudbrick silhouette with a wide return verandah, welcoming you inside to an inviting lounge and dining room, accentuated by beautiful recycled timbers and mudbrick walls, a roaring open fire and French doors to the entertaining areas, and glistening heated pool/spa with a cascading water feature.

Step through to a family room and meals zone enhanced by a red brick floor and igloo fireplace created by a local artisan. The kitchen boasts quality Red Gum cabinets and benches, a walk-in pantry, dual gas/electric cooktop, a BBQ and a commercial rangehood. Contemporary comfort extends to a large fireside living room; with family accommodation comprising five generous bedrooms (master with a spa ensuite), two well-placed bathrooms, and a balcony to relax and enjoy the city-skyline views.

A charming 2-bedroom cottage provides wonderful guest accommodation, multi-generational living, an exclusive Airbnb stay or a rental income stream. Highlights include hydronic heating, split system air conditioning, double-glazed windows/doors, a laundry chute, hardwood floors, a high-clearance machinery shed, water tank, 7 fenced paddocks, 2 stables, a tack room, a triple auto garage with workshop and toilet, and a carport for the cottage.

Positioned close to Gumtree Reserve and Eltham College, Research Central, Primary School and ELC, zoned for Eltham High and within easy reach of local parks, leisure facilities, Eltham Shopping Village and Train Station.

Property History for 40 Gumtree Rd, Research, VIC 3095

A timeline of how this property has performed in the market
Last Sold
$3,160,000
18 Apr 2024
  • 18 Apr 2024
    Sold for $3,160,000
  • 14 Mar 2024
    Listed for Sale Not Disclosed
  • 01 Aug 1983
    Sold for $89,000

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About Research 3095

The size of Research is approximately 8.9 square kilometres. It has 11 parks covering nearly 5.5% of total area. The population of Research in 2011 was 2,636 people. By 2016 the population was 2,640 showing a population growth of 0.2% in the area during that time. The predominant age group in Research is 50-59 years. Households in Research are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Research work in a professional occupation. In 2011, 90.2% of the homes in Research were owner-occupied compared with 89.6% in 2016.

Research has 1,147 properties. Over the last 5 years, Houses in Research have seen a 34.35% increase in median value, while Units have seen a 20.45% increase. As at 31 October 2024:

  • The median value for Houses in Research is $1,445,441 while the median value for Units is $876,430.
  • Houses have a median rent of $563 while Units have a median rent of $495.
There are currently 7 properties listed for sale, and no properties listed for rent in Research on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Research.

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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.