8 Reaburn AvenueSt Albans VIC 3021
Property Details for 8 Reaburn Ave, St Albans
8 Reaburn Ave, St Albans is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 650m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in July 2023. There are other 5 bedroom House sold in St Albans in the last 12 months.
Last Listing description (October 2023)
Reliance Real Estate Craigieburn introduces an exceptional investment opportunity with tremendous potential for subdivision and development. This five-bedroom, 2-bathrooms home has the exceptional benefit of subdivision, permitting the formation of 3 townhouses for future expansion (STCA), thanks to its generous plot area (650sqm) and advantageous zoning. Existing infrastructure can be leveraged, minimizing costs and increasing efficiency.
Located in a highly sought-after area known for its growth potential and desirability, the property is conveniently close to:
- St Albans Shops (5 Minutes)
- Public transport (4 Minutes)
- School (2 minutes)
and provides easy access to the Freeway (4 minutes).
With the demand for residential and commercial spaces in the area steadily rising, this property presents an exceptional investment opportunity with the potential for substantial returns upon successful subdivision and development. Now is the ideal time to embark on a development project in this thriving location.
Currently tenanted, this property offers immediate income and long-term investment prospects.
For inspections, please contact Bijender Singh at 0487 000 099 or Hitesh Arora at 0497 826 100.
Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation by the vendor or agent *Images for illustrative purposes only.
Property History for 8 Reaburn Ave, St Albans, VIC 3021
- 31 Jul 2023Sold for $600,000
- 31 May 2023Listed for Sale Lucky number "8" Private Sale:$589,000 - $619,000
- 19 Jan 2018Listed for Sale Contact Agent
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0About St Albans 3021
The size of St Albans is approximately 13 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2011 was 35,091 people. By 2016 the population was 37,325 showing a population growth of 6.4% in the area during that time. The predominant age group in St Albans is 20-29 years. Households in St Albans are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation. In 2011, 64.6% of the homes in St Albans were owner-occupied compared with 60.5% in 2016.
St Albans has 16,800 properties.
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