SOLD
Sold on 27 Nov 2023 for $885,000

294 Nell Street W
Watsonia VIC 3087

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 129m2
Land area: 698m2
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Property Details for 294 Nell St W, Watsonia

294 Nell St W, Watsonia is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 698m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom House sold in Watsonia in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
129m2
Land Size
698m2
Local Government
Banyule
Lot/Plan
287/LP10778

Last Listing description (December 2023)

*Sold with Draft Plans and Permits.
Please Note, no inspections without the agent present.

This outstanding opportunity in the heart of Watsonia is calling astute developers. An exciting undertaking with townhouse plans and permits already approved for this 701sqm (approx.) allotment, the hard work has been done and this project is now ready to begin.

This prized position within walking distance of Watsonia Station, Watsonia Primary School, and local shops is the perfect place for this brand new build. Easily accessing Diamond Village Shopping Centre, Greensborough Town Centre, Greensborough Secondary College, Loyala College, and Gresswell Forest parkland, new homes here will be hotly sought-after by singles and families alike.

The planning and permit approval are for 3 contemporary townhouses. One home will feature a 2-bedroom/2-bathroom/single garage configuration. The final 2 townhouses will deliver a 3-bedroom/2-bathroom/double garage layout. Sold with Draft Plans and Permits.

This is an incredible opportunity that promises to pay dividends. Don't delay, plan your viewing today.

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Property History for 294 Nell St W, Watsonia, VIC 3087

A timeline of how this property has performed in the market
Last Sold
$885,000
27 Nov 2023
  • 27 Nov 2023
    Sold for $885,000
  • 07 Aug 2023
    Listed for Sale Not Disclosed
  • 27 Feb 2021
    Sold for $830,000

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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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