SOLD
Sold on 18 Jan 2024 for $385,000

166-168 Pearson Street
Sale VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 103m2
Land area: 950m2
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Property Details for 166-168 Pearson St, Sale

Building Type
Land
Year Built
1900
Floor Size
103m2
Land Size
950m2
Local Government
Wellington
Lot/Plan
1/TP808341

Last Listing description (February 2024)

This affordable property within close proximity to Sale's CBD, represents an excellent opportunity for investors, builders and developers. Situated on a fabulous 950smq (approx.) corner allotment there is plenty of scope for development and subdivision potential (STCA).
If you are one of those people with vision, who is looking for a diamond in the rough for your next project, then you will know what a treasure this property is. The 3-bedroom original cottage is in need of some hard work and TLC. It home sits at the front of the block facing Pearson Street, leaving plenty of land to develop (STCA) at the rear, with access via Simpson Street.
Don't overlook the future potential here, instead, appreciate the location, savour the opportunity and envisage its exciting prospects!

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist Or call us on (03) 5144 4333

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Property History for 166-168 Pearson St, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
$385,000
18 Jan 2024
  • 18 Jan 2024
    Sold for $385,000
  • 14 Feb 2023
    Listed for Sale $425,000
  • 15 Oct 2001
    Sold for $40,000

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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,739 properties. Over the last 5 years, Houses in Sale have seen a 47.96% increase in median value, while Units have seen a 56.68% increase. As at 31 October 2024:

  • The median value for Houses in Sale is $470,209 while the median value for Units is $326,571.
  • Houses have a median rent of $470 while Units have a median rent of $363.
There are currently 145 properties listed for sale, and 37 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 316 properties were sold in the past 12 months in Sale.

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Chris Morrison
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Graham Chalmer Real Estate
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