12 Overlea Ave, Rosebud is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 685m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Auction Location: Online & On-Site.
Set in an enviable location at the 'Paris' end of of Rosebud, close to shops, schools and less than a kilometer walk to the pristine shores of Port Phillip Bay is this blue chip opportunity for the smart buyer.
The generous allotment of approximately 685sqm offers an original beach cottage with three bedrooms, central kitchen and bathroom. In need of some repairs, this could be updated to offer to the booming local rental market.
Alternatively, the opportunity is there to renovate and extend the exiting home to create your dream home on large flat block with space for a pool if desired.
The third option is to submit your plans for approval and construct two dwellings, either side by side or front to back.
Approximate Allotment Demetons:
Frontage - 15.5 m
Depth - 44.5 m
Being in such a sought after location and offering a blank canvas, this is a prime opportunity for developer or the austere investor alike.
The size of Rosebud is approximately 17.1 square kilometres. It has 36 parks covering nearly 26.1% of total area. The population of Rosebud in 2011 was 12,501 people. By 2016 the population was 13,188 showing a population growth of 5.5% in the area during that time. The predominant age group in Rosebud is 60-69 years. Households in Rosebud are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rosebud work in a trades occupation. In 2011, 68.9% of the homes in Rosebud were owner-occupied compared with 67.9% in 2016.
Rosebud has 10,770 properties. Over the last 5 years, Houses in Rosebud have seen a 41.90% increase in median value, while Units have seen a 27.53% increase. As at 31 July 2024:
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