1557-1559 Burwood HighwayTecoma VIC 3160
Property Details for 1557-1559 Burwood Hwy, Tecoma
Last Listing description (February 2021)
Ideally positioned on Burwood Highway Tecoma, this double shop frontage property would be ideal for the smart buyer/investor and would be the perfect location for a number of business opportunity whether it be consulting rooms, office or retail, the prime location will definitely provide you with the right exposure to take advantage of whatever business you choose, with 80sqm (approx.) of floor space to utilise including a new kitchen. Off street parking at the rear and all utilities connected.
Property History for 1557-1559 Burwood Hwy, Tecoma, VIC 3160
- 18 May 2021Sold for $220,000
- 18 May 2021Sold for $220,000
- 05 Feb 2021Listed for Sale $380,000 - $418,000
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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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