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.
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.
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:
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