311 Albert StreetSebastopol VIC 3356
Property Details for 311 Albert St, Sebastopol
311 Albert St, Sebastopol is a 3 bedroom, 1 bathroom House and was built in 1930. The property has a land size of 840m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Sebastopol in the last 12 months.
Last Listing description (July 2024)
We present to you an exclusive opportunity for a discerning investor with a keen eye for potential. Nestled on a superb block spanning approx. 840m2, this property boasts an impressive wide frontage, setting the stage for a remarkable real estate venture.
Strategically located in a demand area, this property offers a lucrative advantage in a thriving market. With the planning permit already secured, you can save valuable time and effort, diving straight into the development process.
Spanning a generous land size, this property provides ample space for the construction of three modern and thoughtfully designed unit and townhouses. The approved plans ensure a seamless and efficient construction process, enabling you to start generating returns quickly.
The property's convenient location adds to its investment value, with close proximity to essential amenities, including schools, shopping centres, public transportation, and recreational facilities. This ensures strong demand and potential for excellent rental or resale opportunities.
Investing in this property offers more than just financial gains. It allows for portfolio diversification with a lower level of risk. The increasing demand for well-designed units ensures a stable and profitable income stream for long-term success.
In summary, this property presents an outstanding opportunity for investors seeking significant returns. With an town planning for one unit and two townhouses, a strategic location, and well-designed development plans, this investment promises a seamless path to maximize profitability. Act quickly to secure this exceptional opportunity and position yourself for long-term success in real estate.
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DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor/agent and agency.
Property History for 311 Albert St, Sebastopol, VIC 3356
- 21 Jun 2024Sold for $350,000
- 05 Jun 2024Listed for Sale Not Disclosed
- 26 Jul 2023Listed for Sale Not Disclosed
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About Sebastopol 3356
The size of Sebastopol is approximately 8.5 square kilometres. It has 15 parks covering nearly 6.1% of total area. The population of Sebastopol in 2011 was 9,398 people. By 2016 the population was 10,020 showing a population growth of 6.6% in the area during that time. The predominant age group in Sebastopol is 20-29 years. Households in Sebastopol are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sebastopol work in a trades occupation. In 2011, 61.3% of the homes in Sebastopol were owner-occupied compared with 55.6% in 2016.
Sebastopol has 6,350 properties. Over the last 5 years, Houses in Sebastopol have seen a 30.05% increase in median value, while Units have seen a 29.14% increase. As at 31 October 2024:
- The median value for Houses in Sebastopol is $408,698 while the median value for Units is $309,825.
- Houses have a median rent of $380 while Units have a median rent of $350.
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