OFF MARKET

53 Park Road
Surrey Hills VIC 3127

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 251m2
Land area: 988m2
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Property Details for 53 Park Rd, Surrey Hills

53 Park Rd, Surrey Hills is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 988m2 and floor size of 251m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
House
Year Built
1950
Floor Size
251m2
Land Size
988m2
Local Government
Whitehorse
Lot/Plan
53/LP7010

Last Listing description (August 2024)

Occupying a generously sized allotment of approximately 1,004 square metres, this unique property in the highly sought-after Camberwell High and Wattle Park Primary School zones offers a world of exciting potential. Imagine the convenience and flexibility of the single-level home, divided into two self-contained residences with separate entrances. Its perfect for multi-generational living, providing a wonderful balance of togetherness and privacy as needed.

The main home welcomes you with a spacious living and dining room, a kitchen with a meals area, and two comfortable bedrooms. One of these bedrooms adjoins a living room, which could easily be transformed into a third bedroom, offering even more space. Theres also a laundry to complete the layout. The second dwelling features a lounge next to a sitting room or potential home office, a kitchen and dining room, and a bedroom. This versatile set-up could also be used for a home-based business, consultancy, or even to generate additional rental income.

The possibilities are endless. You could renovate and modernise both homes to create a contemporary dual-living masterpiece or reimagine the entire space into a grand family residence. Alternatively, you might consider starting afresh with a luxury family home or multiple townhouses (subject to council approval). In fact, there are already architectural plans for four townhouses submitted to council that you could take advantage of, saving valuable time, effort, and expense. In the meantime, you could lease the existing homes to enjoy a steady income stream.

The home is positioned just metres from Wattle Park and close to Surrey Hills Station, the #70 Tram, Presbyterian Ladies College Melbourne, Our Ladys Primary, Deakin University, Box Hill Central, Burwood Brickworks Shopping Centre, and the Eastern Freeway. With such a prime location and endless potential, this is an opportunity not to be missed.

Property History for 53 Park Rd, Surrey Hills, VIC 3127

A timeline of how this property has performed in the market
Last Sold
$2,567,500
19 Aug 2017
Listed for Rent
$520/w
18 Apr 2018
  • 30 Jul 2024
    Listed for Sale $2,800,000 plans/permit 4 units
  • 16 Jun 2021
    Listed for Sale Contact agent for details
  • 31 Jan 2020
    Listed for Sale Not Disclosed
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About Surrey Hills 3127

The size of Surrey Hills is approximately 4.4 square kilometres. It has 13 parks covering nearly 3.4% of total area. The population of Surrey Hills in 2011 was 13,132 people. By 2016 the population was 13,605 showing a population growth of 3.6% in the area during that time. The predominant age group in Surrey Hills is 40-49 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation. In 2011, 76.1% of the homes in Surrey Hills were owner-occupied compared with 76.3% in 2016.

Surrey Hills has 6,897 properties. Over the last 5 years, Houses in Surrey Hills have seen a 13.40% increase in median value, while Units have seen a 7.56% increase. As at 31 October 2024:

  • The median value for Houses in Surrey Hills is $2,288,288 while the median value for Units is $903,722.
  • Houses have a median rent of $940 while Units have a median rent of $580.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Surrey hills on OnTheHouse. According to CoreLogic's data, 307 properties were sold in the past 12 months in Surrey hills.

Suburb Insights for Surrey Hills 3127

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.