256 Mt Alexander RoadTravancore VIC 3032
Property Details for 256 Mt Alexander Rd, Travancore
256 Mt Alexander Rd, Travancore is a 1 bedroom, 1 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom House sold in Travancore in the last 12 months.
Last Listing description (March 2024)
Presenting a unique proposition in a high-visibility Travancore location, this versatile property offers a unique opportunity for both commercial and residential use. Situated in a high-traffic area with excellent visibility, the front section of the property features a spacious shop front, ideal for a variety of business ventures. Featuring strong street frontage and large windows, the shopfront/reception leads through to an office, meeting room and kitchenette
With an option for its own private entry, the updated residential space comprising bedroom, large living area, outdoor freestanding bath set under a retractable awning, separate shower bathroom and kitchen with stainless steel oven. The expansive rear courtyard space showcases plentiful potential, and finds laundry, shed, and two car spaces with ROW access. This layout provides the perfect blend of work and living space, making it an ideal choice for entrepreneurs looking to live and work in the same location or to rent out separately as commercial and residential. Currently leased at $60,000 p.a.
Set on 270sqm(approx.) the property may also offer development potential with a 12m building height allowance. Surrounded by trams, schools, cafés and retail, the vibrant position guarantees a strong profile for the property.
We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.
Property History for 256 Mt Alexander Rd, Travancore, VIC 3032
- 15 Mar 2024Sold for $1,135,000
- 20 Feb 2024Listed for Sale $1,050,000 - $1,150,000
- 20 Aug 2011Listed for Sale Not Disclosed
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About Travancore 3032
The size of Travancore is approximately 0.4 square kilometres. It has 6 parks covering nearly 17.2% of total area. The population of Travancore in 2011 was 1,700 people. By 2016 the population was 2,502 showing a population growth of 47.2% in the area during that time. The predominant age group in Travancore is 20-29 years. Households in Travancore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Travancore work in a professional occupation. In 2011, 41.2% of the homes in Travancore were owner-occupied compared with 33.4% in 2016.
Travancore has 1,627 properties. Over the last 5 years, Houses in Travancore have seen a 5.05% increase in median value, while Units have seen a 14.49% increase. As at 31 August 2024:
- The median value for Houses in Travancore is $1,459,459 while the median value for Units is $411,494.
- Houses have a median rent of $600 while Units have a median rent of $500.
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