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Sold on 12 Dec 2023 - Price Unavailable

1368 Mountain Highway
The Basin VIC 3154

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 2552m2
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Property Details for 1368 Mountain Hwy, The Basin

1368 Mountain Hwy, The Basin is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 2552m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in The Basin in the last 12 months.

Building Type
House
Land Size
2552m2
Local Government
Knox
Lot/Plan
1/PS347927

Last Listing description (December 2023)

With a fabulous Mountain Highway address, this property offers the astute purchaser the opportunity to capitalise on the existing home through renovation or rebuild, or to create their own dream space on a divine lot that offers a spectacular Northern outlook and wonderful mix of natural mountain living and Metro accessibility. Inspection a must!

A block size of approximately 2552m2 within walking distance of The Basin Shops is a rarity. The existing home captures the amazing views from the large undercover veranda, the perfect distraction at any time of the year.

While there is work to be done, the existing structure gives you the opportunity to use the established floorplan as a launchpad for your future home; with four bedrooms and one bathroom to work with and that additional bungalow is a wildcard.

Location wise, 10 minutes takes you to the top of the mountain, into Boronia or Bayswater, as well as excellent transport links. Of course, The Basin offers the lovely lifestyle of walking to primary schools, as well as local cafes, shops and parks.

A bungalow and lock up garage, and possible access from Old Forest Rd, (STCA) a great block, views and endless opportunities to explore what you do with this property, the choice is yours!

Rebuild/Renovate Option.
The existing footprint of the house and other structures should provide simplification of planning processes that council may require prior to beginning your rebuild.
Even if you place little or no value on the existing structures, they offer an inherent value in the process of redevelopment and may potentially streamline any planning requirements that may be necessary

The land.
• Expansive and distant Northern aspect
• Attractive unique large block very near to melbourne city.
• Located at the foothills of Mt dandenong.
• Therefore, suitable for both family living & Those who need to do the city commute for work or leisure.
• Low density zoning protects this property from the busy urban sprawl.
• Live in a cool leafy spacious environment. With a lot of privacy.
• Spacious land offer opportunity for extension or storage or home industry.
• Elevated land with panaromic view of the distant valleys & mountains.
• Near to schools, shops, supermarkets & all public transport including train lines. Bus route at front door
• Walking distant to the Basin shops.
• Large land frontage of 64 meter.
• Property enjoys two road frontages. Mountain Highway & Old Forest Road.
• 1 car garage, Plenty of additional space for multiple outdoor vehicle accommodation

The House.
• Upsatirs Offers Full Living Zone with 2 Bedrooms with Separate Bath Space (ensuite), Shower Recess and Toilet
• Downstairs Offers 2 more Bedrooms
• The house is approx 185m2

studio
This additional structure on the land can be a studio/store. This studio which has ceiling & wall boards & electricity. Therefore with some improvements it can potentially become a rentable income.

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Property History for 1368 Mountain Hwy, The Basin, VIC 3154

A timeline of how this property has performed in the market
Last Sold
12 Dec 2023
Listed for Rent
$330/w
17 Nov 2015
  • 12 Dec 2023
    Sold for $650,000
  • 08 Jul 2023
    Listed for Sale Not Disclosed
  • 28 Jun 2018
    Listed for Sale $645,000 - $709,500
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About The Basin 3154

The size of The Basin is approximately 5.1 square kilometres. It has 11 parks covering nearly 9% of total area. The population of The Basin in 2011 was 4,229 people. By 2016 the population was 4,400 showing a population growth of 4.0% in the area during that time. The predominant age group in The Basin is 40-49 years. Households in The Basin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Basin work in a trades occupation. In 2011, 87.2% of the homes in The Basin were owner-occupied compared with 84.4% in 2016.

The Basin has 1,850 properties. Over the last 5 years, Houses in The Basin have seen a 30.99% increase in median value, while Units have seen a 32.42% increase. As at 31 October 2024:

  • The median value for Houses in The Basin is $905,346 while the median value for Units is $779,237.
  • Houses have a median rent of $570 while Units have a median rent of $375.
There are currently 7 properties listed for sale, and no properties listed for rent in The basin on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in The basin.

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