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.
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.
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 929 properties. Over the last 5 years, Houses in Ripponlea have seen a 24.12% increase in median value, while Units have seen a 4.90% increase. As at 31 August 2024:
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