1541 Burwood HighwayTecoma VIC 3160
Property Details for 1541 Burwood Hwy, Tecoma
1541 Burwood Hwy, Tecoma is a 2 bedroom, 1 bathroom Unit. The property has a land size of 465m2. While the property is not currently for sale or for rent, it was last sold in May 2006.
Last Listing description (October 2023)
Ray White Commercial Ferntree Gully is delighted to present For Sale, this exceptional retail and residential property located in the heart of Tecoma's bustling shopping precinct.
Total building area is 173 sqm* which includes the shop area of: 104 sqm * and the two (2) bedroom residence area of: 69 sqm *. which is on a total land area of 476 sqm *. The wide street frontage offers maximum exposure to passing trade on the busy Burwood Highway, with Tecoma Primary School directly across the road also adding significantly to the passing traffic.
This property is being offered to the market with vacant possession.
Total Building Area 173 sqm *
Shop Total Building Area 104 sqm *
Residence Total Building Area 69 sqm *
Total Land Area 476 sqm *
Development potential (STCA)
Wide Street Frontage
Seated Dining Area
Two (2) Bedroom Residence
Busy Shopping Strip
Commercial 1 Zone (C1Z)
For more information contact Mitch Rosam or Paul Waterhouse.
* Approximate
(STCA) Subject to Council Approval
Property History for 1541 Burwood Hwy, Tecoma, VIC 3160
- 25 Aug 2022Listed for Sale Contact Agent
- 31 May 2006Sold for $300,000
- 08 Dec 2005Listed for Sale $320,000 - $345,000
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0About Tecoma 3160
The size of Tecoma is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.4% of total area. The population of Tecoma in 2011 was 2,087 people. By 2016 the population was 2,068 showing a population decline of 0.9% in the area during that time. The predominant age group in Tecoma is 40-49 years. Households in Tecoma are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tecoma work in a professional occupation. In 2011, 81.1% of the homes in Tecoma were owner-occupied compared with 79.6% in 2016.
Tecoma has 1,000 properties. Over the last 5 years, Houses in Tecoma have seen a 27.22% increase in median value, while Units have seen a 35.64% increase. As at 31 October 2024:
- The median value for Houses in Tecoma is $856,170 while the median value for Units is $620,425.
- Houses have a median rent of $425 while Units have a median rent of $350.
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