22 Balfour AvenueSunshine North VIC 3020
Property Details for 22 Balfour Ave, Sunshine North
Last Listing description (July 2024)
This large titled allotment has become available containing 3 blocks with a total area of 1528m2 (approx.) in 1 title, and is an economic buy for land-bankers in the up-and-coming possible future industrial area known as SOLOMON HEIGHTS in Sunshine North. Current speculation on future implementation of servicing the site is at an all-time high and land values have increased significantly in price over the past 6 years. The land is currently un-serviced (no roads, electricity, sewerage, water, etc.) which are still to be implemented at some time in the future.
Interested purchasers are strongly recommended to carry out an inspection and their own due diligence investigation of the land, and the costs and implementation timetable of the required services for this long-term investment land prior to making an offer.
Contact Brenda Ngan on 0435152545 for further details.
Property History for 22 Balfour Ave, Sunshine North, VIC 3020
- 08 Jul 2024Sold for $583,000
- 21 Feb 2024Listed for Sale $600,000
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About Sunshine North 3020
The size of Sunshine North is approximately 7.9 square kilometres. It has 11 parks covering nearly 8.9% of total area. The population of Sunshine North in 2011 was 10,636 people. By 2016 the population was 11,702 showing a population growth of 10.0% in the area during that time. The predominant age group in Sunshine North is 20-29 years. Households in Sunshine North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine North work in a labourer occupation. In 2011, 70.9% of the homes in Sunshine North were owner-occupied compared with 67.2% in 2016.
Sunshine North has 6,874 properties. Over the last 5 years, Houses in Sunshine North have seen a 14.94% increase in median value, while Units have seen a 21.01% increase. As at 30 September 2024:
- The median value for Houses in Sunshine North is $733,523 while the median value for Units is $558,871.
- Houses have a median rent of $480 while Units have a median rent of $470.
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