Property Details for 5/1 Wallace Ave, Toorak
5/1 Wallace Ave, Toorak is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (November 2013)
IMMACULATE LUXURY TOORAK VILLAGE APARTMENT
Suit $1,300,000 buyers
Located on 3rd floor and featuring vast sun filled living areas, true gourmet kitchen overlooking casual dining, master bedroom with ensuite, extensive BIRs and private balcony, 2nd double bedroom (BIRs), 2nd bathroom, impressive lounge-dining room opening to large terrace, outstanding quality finish and faultless presentation all combine to create a stunning apartment. Features include: heating and cooling, 2 separate basement car spaces, storeroom and care taker.
Property History for 5/1 Wallace Ave, Toorak, VIC 3142
- 08 Jul 2023Sold for $1,925,000
- 07 Nov 2013Listed for Sale 1300000
- 25 Feb 2003Sold for $1,200,000
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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 9,192 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.
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