23-25 George RoadVermont South VIC 3133
Property Details for 23-25 George Rd, Vermont South
23-25 George Rd, Vermont South is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1982. The property has a land size of 1642m2 and floor size of 275m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (August 2024)
BUILD
1. With planning permits nearly approved to build 4 new town homes( STCA) set build' time on this double fronted 1660sqms (approx.) zoned for Livingstone Primary and Vermont Secondary College (STSA) For astute investors, the prospect of building 4 magnificent new dwellings each on 400sqms (approx.) lets you capitalize on the strong price growth recorded in Vermont South, which has risen to reach a median house value of $1.451m (Source: REIV 2023 Q1). Not surprising given its family friendly amenities including the 742 bus to Chadstone, tram to Deakin Uni, PLC and the city, and great nearby shopping and dining options at The Glen, Burwood One, Westfield Knox and Eastland.
RENT
2. The legal groundwork gives you 2 years to start(STCA), which presents time to get build ready, and rent out the solid brick single level entertainer and its resort pool. While you consider construction plans for the gateway location and its 47m (approx.) frontage, the showcase home appeals with its unique boomerang design and quality craftsmanship - fashioned in Daniel Robertson double brickwork for natural insulation, and privately zoning its bedrooms at either side of the poolside living space.
SUBDIVIDE
3. Subdivide to create two generous 800sqms (approx.) lots to create stunning new family homes (STCA) with street frontage. Currently leased month to month, there's ongoing income stream while you make plans for the subdivision of this exclusive sized land parcel.
NEST
4. It's also a chance to take advantage of this artisan family home in its heartland location close to Vermont South's shopping and transport hub and Bellbird Dell. A centrpiece granite kitchen with Bosch appliances presents as a picture-perfect cooking hub, overlooking the al fresco space which sweeps across the rear of the home. High raked ceilings, exposed beams, heated floors, wool carpets, a gas log fireplace, spa bath and 18,000L rainwater storage add to the character and comfort of the sprawling residence.
Property History for 23-25 George Rd, Vermont South, VIC 3133
- 28 Aug 2024Listed for Sale $2,200,000
- 19 Jul 2023Listed for Sale Built, Subdivide, Nest $2,100,000 to $2,200,000
- 27 Apr 2021Listed for Rent $750 / week
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About Vermont South 3133
The size of Vermont South is approximately 6.2 square kilometres. It has 24 parks covering nearly 22.3% of total area. The population of Vermont South in 2011 was 11,416 people. By 2016 the population was 11,686 showing a population growth of 2.4% in the area during that time. The predominant age group in Vermont South is 60-69 years. Households in Vermont South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vermont South work in a professional occupation. In 2011, 86.9% of the homes in Vermont South were owner-occupied compared with 83.9% in 2016.
Vermont South has 4,987 properties. Over the last 5 years, Houses in Vermont South have seen a 34.39% increase in median value, while Units have seen a 3.16% increase. As at 31 August 2024:
- The median value for Houses in Vermont South is $1,489,512 while the median value for Units is $762,049.
- Houses have a median rent of $700 while Units have a median rent of $598.
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