OFF MARKET

28 Papua Street
Watsonia VIC 3087

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 100m2
Land area: 343m2
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Property Details for 28 Papua St, Watsonia

28 Papua St, Watsonia is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 343m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1965
Floor Size
100m2
Land Size
343m2
Local Government
Banyule
Lot/Plan
1/PS817385

Last Listing description (August 2023)

EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 31ST MAY @ 5:00PM (UNLESS SOLD PRIOR).

A wonderful opportunity presents itself for first-home buyers, downsizers and investors alike. This 2 bedroom + study/3rd bedroom home offers spacious living, charm and single level living in a prized location.

Located only 300m walking distance from Watsonia Station and the vibrant centre of Watsonia Village, with a plethora of shopping, dining, and caf options. In just a few minutes, you can also reach the bustling centre of Greensborough, which features the Plaza and a diverse array of boutique choices and dining options on Main Street.

A smart floorplan positioned on a 343sqm (approx.) allotment, the new owners will enjoy:

Spacious, private and enclosed front yard
Open kitchen and lounge area
Polished timber flooring
Spacious bedrooms featuring built in robes
Main bedroom with renovated ensuite
Second bedroom seamlessly flowing out to a private deck
Main bathroom with bathtub
Spacious study / possible third bedroom
Ducted heating throughout the home
Landscaped street frontage

What the vendor loves:

"The front yard offers an open, private space and is perfect for summer days, while the back patio offers the evening sun to unwind/relax in. The house is perfectly situated with the train station at 300m, bus stop at 50m, coffee and shops at 400m and the plaza a very short drive."

Based on the current strength in the market and taking comparable rentals into consideration, we believe a realistic rental value would be in the vicinity of $450 - $500 p/w (approx.).

Please note this is an estimate conducted at the time of listing the property. Rental returns may fluctuate due to market conditions.

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Property History for 28 Papua St, Watsonia, VIC 3087

A timeline of how this property has performed in the market
Last Sold
$750,000
26 May 2023
  • 26 May 2023
    Sold for $750,000
  • 04 May 2023
    Listed for Sale UNDER CONTRACT
  • 06 Dec 2018
    Sold for $590,000
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About Watsonia 3087

The size of Watsonia is approximately 2.3 square kilometres. It has 8 parks covering nearly 10% of total area. The population of Watsonia in 2011 was 5,145 people. By 2016 the population was 5,228 showing a population growth of 1.6% in the area during that time. The predominant age group in Watsonia is 30-39 years. Households in Watsonia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Watsonia work in a professional occupation. In 2011, 71% of the homes in Watsonia were owner-occupied compared with 67.9% in 2016.

Watsonia has 2,718 properties. Over the last 5 years, Houses in Watsonia have seen a 36.08% increase in median value, while Units have seen a 24.01% increase. As at 31 July 2024:

  • The median value for Houses in Watsonia is $954,331 while the median value for Units is $670,242.
  • Houses have a median rent of $520 while Units have a median rent of $500.
There are currently 8 properties listed for sale, and 5 properties listed for rent in Watsonia on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Watsonia.

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