SOLD
Sold on 29 Feb 2024 for $270,000

13/521 Toorak Road
Toorak VIC 3142

Bedrooms: 1
Bathrooms: -
Car spaces: -
Land area: 45m2
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Property Details for 13/521 Toorak Rd, Toorak

Building Type
Commercial
Year Built
2007
Land Size
45m2
Local Government
Stonnington
Lot/Plan
C113/PS527035

Last Listing description (August 2018)

Located in Toorak Village, this is an excellent opportunity to acquire an investment within a highly regarded commercial precinct.
- Kitchen facilities, air conditioning/heating system and floor to ceiling glass shop front
- Current rent: $15,450pa plus GST plus outgoings

- 3 year lease plus 1 further 3 year option
- Commencement date: 17/4/17

Property History for 13/521 Toorak Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
Last Sold
$270,000
29 Feb 2024
Listed for Rent
$287/w
27 Apr 2017
  • 29 Feb 2024
    Sold for $270,000
  • 29 May 2021
    Transferred
  • 11 May 2018
    Listed for Sale $320,000
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About Toorak 3142

The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Toorak in 2011 was 12,870 people. By 2016 the population was 12,907 showing a population growth of 0.3% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation. In 2011, 61.7% of the homes in Toorak were owner-occupied compared with 61.7% in 2016.

Toorak has 9,188 properties. Over the last 5 years, Houses in Toorak have seen a 23.18% increase in median value, while Units have seen a -9.31% decrease. As at 31 August 2024:

  • The median value for Houses in Toorak is $4,783,984 while the median value for Units is $1,059,622.
  • Houses have a median rent of $1,300 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 11 properties listed for rent in Toorak on OnTheHouse. According to CoreLogic's data, 422 properties were sold in the past 12 months in Toorak.

Suburb Insights for Toorak 3142

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.