5/245 Hotham StreetRipponlea VIC 3185
Property Details for 5/245 Hotham St, Ripponlea
5/245 Hotham St, Ripponlea is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 541m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last transferred in August 2022.
Last Listing description (March 2024)
Make your first property move with this sensational single bedroom apartment offering space and security in a convenient lifestyle locale. Peacefully cornering Bible Street with intercom entry and off street parking, this excellent entry level home or investment is just steps to the city tram and Ripponlea's picturesque gardens with a selection of vibrant restaurant and retail strips on your doorstep.
Occupying a premium top level position, picture windows frame the leafy urban landscape and fill open plan interiors with natural light. Gleaming floorboards flow through living and dining zones (reverse cycle air conditioning) to a contemporary kitchen boasting quality stainless steel appliances including a dishwasher. The bedroom is generous and features mirrored built-in robes and a fully-tiled, en suite bathroom complete with bath and laundry taps.
Relish the freedom of owning your own home or prime your portfolio with a readily rentable investment in a low-rise group of twelve well-maintained apartments. With accessible transport links and walking convenience to Glenhuntly Road's cosmopolitan shops and eateries, Glen Eira Road's gourmet delights and Ormond Espanade's beachside dining, a sparkling lifestyle and long term gains are yours for the taking.
For more information about this brilliant first home or investment please contact John Clarkson at Buxton Brighton on 0408 153 045.
Property History for 5/245 Hotham St, Ripponlea, VIC 3185
- 05 Mar 2024Listed for Sale $270,000 - $295,000
- 17 Oct 2023Listed for Sale $270,000 - $295,000
- 26 Sep 2022Listed 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 920 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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