1-7/181 Hotham StreetRipponlea VIC 3185
Property Details for 1-7/181 Hotham St, Ripponlea
Last Listing description (November 2018)
This block of apartments, all on one title, presents a rare opportunity for the enterprising buyer seeking to retain as is for immediate returns, renovate then subdivide, or capitalise on the prized position and redevelop into a luxurious contemporary complex (S.T.C.A).
- All on one title, seven spacious 2-bedroom apartments
- Regular shaped parcel of land measuring 565sqm (approx.)
- R.O.W laneway access enhances future development plans
- Current gross rental return of $113,484 per annum (approx.)
- In a popular location for renters and home owners alike
- Close to a range of elite primary and secondary schools
- Around the corner from Ripponlea Train Station
- Moments to the gorgeous Rippon Lea House and Gardens
- Steps to the cafes and gourmet cuisine of Ripponlea Village
Property History for 1-7/181 Hotham St, Ripponlea, VIC 3185
- 30 Aug 2018Listed for Sale Not Disclosed
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About Ripponlea 3185
The size of Ripponlea is approximately 0.3 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Ripponlea in 2011 was 1,477 people. By 2016 the population was 1,572 showing a population growth of 6.4% in the area during that time. The predominant age group in Ripponlea is 20-29 years. Households in Ripponlea are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ripponlea work in a professional occupation. In 2011, 43.4% of the homes in Ripponlea were owner-occupied compared with 43.6% in 2016.
Ripponlea has 919 properties. Over the last 5 years, Houses in Ripponlea have seen a 14.60% increase in median value, while Units have seen a 4.64% increase. As at 31 October 2024:
- The median value for Houses in Ripponlea is $2,007,609 while the median value for Units is $571,461.
- Houses have a median rent of $740 while Units have a median rent of $500.
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