14 Erindale AvenueRipponlea VIC 3185
Property Details for 14 Erindale Ave, Ripponlea
14 Erindale Ave, Ripponlea is a 16 bedroom, 8 bathroom Unit. The property has a land size of 678m2.
Last Listing description (April 2024)
Situated on a quiet leafy tree line street of Ripponlea within 2 kilometres from Elwood beach and 5 km from the City between vibrant suburbs of St Kilda and Elsternwick and surrounded by outstanding amenities. This one-off opportunity delivering an outstanding inner-city project possibility with multiple uses (STCA).
- Land holding of 678 square meters.
- Strong potential income of $187,000 per annum (fully leased).
- Opportunity to renovate or redevelop or change of use (STCA).
Offered for sale for the first time since its construction, this unique property represents a fantastic investment with huge potential and significant income!
Property History for 14 Erindale Ave, Ripponlea, VIC 3185
- 14 Mar 2024Listed for Sale $3,800,000
- 08 Mar 2023Listed for Sale $3,800,000
- 27 Sep 2018Listed for Rent $320 / week
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0About 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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