SOLD
RECENT ADVICE
Sold on 11 Aug 2024 for $2,300,000

2/14 Monkstadt Avenue
Ripponlea VIC 3185

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 489m2
Sold By
Gary Peer & Associates Pty Ltd
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Property Details for 2/14 Monkstadt Ave, Ripponlea

2/14 Monkstadt Ave, Ripponlea is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1920. The property has a land size of 489m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom Unit sold in Ripponlea in the last 12 months.

Building Type
Unit
Year Built
1920
Land Size
489m2
Local Government
Port Phillip

Last Listing description (August 2024)

A wonderful opportunity exists to enjoy endless returns on a unique mansion style block of two Art Deco residences, nestled amongst the tree tops in a prime lifestyle location. Sitting on a substantial 486m2* block, these two apartments to be sold on one title, boast house like proportions, lovely leafy outlooks from just about every room & offer the best of both worlds ? peaceful & private, yet with all the lively action of vibrant Ripponlea Village close by. Presenting a fabulous opportunity for the seasoned investor to immediately bring in a rental income with exciting options to update, enhance & explore an array of future prospects for capital growth in a blue-chip location (STCA). Each light filled apartment, one on the ground level & the other on the first level, comprises a wide entrance hallway with storage, an impressively sized northerly oriented living & adjoining dining room connected by double doors with fluted glass, a separate meals area space & a functional spacious kitchen with ample storage. While a large main bedroom with picturesque curved window luring brilliant natural light & built in robes, a second bedroom & a central bathroom with shower, bath & separate toilet completes the accommodation. Also featuring two single garages, communal laundry faciltiies & a large shared garden space at the rear. Superbly positioned in an in-demand lifestyle pocket within easy reach of Ripponlea Station, trams, vibrant shops, cafes, wine bars & fine-dining restaurants & a choice of elite schools. *Approximate Title Dimensions.

Property History for 2/14 Monkstadt Ave, Ripponlea, VIC 3185

A timeline of how this property has performed in the market
Last Sold
$2,300,000
11 Aug 2024
Listed for Rent
$450/w
03 Jan 2019
  • 11 Aug 2024
    Sold for $2,300,000
  • 16 Jul 2024
    Listed for Sale Not Disclosed
  • 29 Nov 2018
    Listed for Rent - Price not available
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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 930 properties. Over the last 5 years, Houses in Ripponlea have seen a 2.51% increase in median value, while Units have seen a -0.04% decrease. As at 30 November 2024:

  • The median value for Houses in Ripponlea is $2,040,967 while the median value for Units is $581,192.
  • Houses have a median rent of $740 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and 1 property listed for rent in Ripponlea on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Ripponlea.

Suburb Insights for Ripponlea 3185

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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.