7/8 Lambert RoadToorak VIC 3142
Property Details for 7/8 Lambert Rd, Toorak
7/8 Lambert Rd, Toorak is a 2 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 854m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (January 2023)
A unique and thoughtful renovation has transformed this first floor 1960s domain into a contemporary haven with a focus on practical living, while maximising the potential of every inch of available space.
With its own private entrance, an intriguing study nook entryway establishes a great setting for home working and the open plan living room features a gorgeous east facing floor to ceiling picture window providing a delightful leafy outlook.
Integrated fridge, freezer and dishwasher and light timber cabinetry combine to create a stylish kitchen and the bathroom features bespoke joinery and laundry facilities. Both bright bedrooms feature built in storage. This home is also appealing with low body corporation fees and great potential for an investment property achieving a solid rental income.
Conveniently located only a short walk to Toorak Station and Malvern Road Trams and moments away from the vibrant Toorak and Hawksburn Villages.
Property History for 7/8 Lambert Rd, Toorak, VIC 3142
- 08 Jan 2023Sold for $459,000
- 28 Sep 2022Listed for Sale Contact Agent
- 18 Aug 2021Listed for Sale Expressions of Interest
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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 9,176 properties. Over the last 5 years, Houses in Toorak have seen a 5.51% increase in median value, while Units have seen a -8.02% decrease. As at 31 October 2024:
- The median value for Houses in Toorak is $4,837,331 while the median value for Units is $1,045,580.
- Houses have a median rent of $1,325 while Units have a median rent of $600.
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