1 Midland HighwayStanhope VIC 3623
Property Details for 1 Midland Hwy, Stanhope
Last Listing description (August 2021)
The opportunity to purchase "Stanhope Motors", such an iconic piece of real estate doesn't come along very often.
The property features include the original building, workshop, office and a small show room with service counter. It sits on 1123m2 of land with access from the service road and laneway at the rear of the property.
The possibilities are endless with this opportunity and it could be used as a service centre, storage and workshop for a local agricultural contractor, tradesman or a business which would benefit from the endless traffic passing by along the Midland Highway.
Property History for 1 Midland Hwy, Stanhope, VIC 3623
- 02 Aug 2021Sold for $184,500
- 18 Apr 2019Listed for Sale $280,000
- 29 Nov 2014Listed for Sale $535,000
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0About Stanhope 3623
The size of Stanhope is approximately 72.2 square kilometres. The population of Stanhope in 2011 was 915 people. By 2016 the population was 820 showing a population decline of 10.4% in the area during that time. The predominant age group in Stanhope is 50-59 years. Households in Stanhope are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Stanhope work in a managers occupation. In 2011, 78.2% of the homes in Stanhope were owner-occupied compared with 83% in 2016.
Stanhope has 502 properties. Over the last 5 years, Houses in Stanhope have seen a 111.77% increase in median value, while Units have seen a 29.05% increase. As at 31 October 2024:
- The median value for Houses in Stanhope is $346,906 while the median value for Units is $303,157.
- Houses have a median rent of $208.
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