11 Rae StreetTemplestowe Lower VIC 3107
Property Details for 11 Rae St, Templestowe Lower
11 Rae St, Templestowe Lower is a 3 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 742m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (November 2023)
A beautiful family home in its own right, this property's deep rectangular allotment and dual crossovers indicate incredible development potential (STCA).
Highly desirable dimensions include multiple zones for living, dining, and entertaining - encompassing a free-flowing lounge, dining, and meals zone; a rear lounge/barroom, enclosed barbecue room, and north-facing patio opening onto verdant backyard surrounds.
Two generously proportioned bedrooms with private ensuites are joined by a third bedroom with main bathroom access. Along with tandem undercover carports, a garage with workshop, and a third carport, a separate building houses a storage room and outdoor bathroom.
Original in composition and style, materials include vaulted timber roofing, exposed internal brick, and carpeted living rooms. Further benefit is derived from sought-after rear northerly aspects, deep front & rear yards, and multiple outdoor entertaining spaces.
Classically comfortable, the existing home would benefit immeasurably from renovation and refreshment; while opportunities exist for lucrative dual-townhouse development (STCA).
Walking distance to Bulleen Plaza and scattered parkland, this property boasts easy access to Macedon Plaza, Templestowe shops, the M3 Freeway, and acclaimed private schools. Zoning is for Templestowe Valley Primary School & Templestowe College.
Property History for 11 Rae St, Templestowe Lower, VIC 3107
- 19 Aug 2023Sold for $1,280,000
- 26 Jul 2023Listed for Sale $1,190,000 - $1,290,000
- 28 Mar 2017Listed for Rent $450 / week
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0About Templestowe Lower 3107
The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2011 was 13,152 people. By 2016 the population was 13,448 showing a population growth of 2.3% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation. In 2011, 82.8% of the homes in Templestowe Lower were owner-occupied compared with 80% in 2016.
Templestowe Lower has 6,465 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 9.38% increase in median value, while Units have seen a 29.05% increase. As at 31 October 2024:
- The median value for Houses in Templestowe Lower is $1,363,407 while the median value for Units is $1,010,266.
- Houses have a median rent of $700 while Units have a median rent of $675.
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