SOLD
Sold on 22 Feb 2024 for $450,000

7/78-92 Nepean Street
Watsonia VIC 3087

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 142m2
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Property Details for 7/78-92 Nepean St, Watsonia

Building Type
Commercial
Land Size
142m2
Local Government
Banyule
Lot/Plan
6/PS336168

Last Listing description (September 2012)

Shop 7 / 78-92 Nepean Street Watsonia
LOCATED IN VILLAGE SHOPPING COMPLEX WITH IGA FOOD STORE BEING ONE OF THE MAJOR RETAILERS A VARITY OF OTHER SHOPS, OFFICES, PLENTY OF PARKING AND SUPPORTING CLIENTS DRAWING GOOD STEADY BUSINESS TO THE AREA.
This freehold lockup brick shop currently in vacant position.

Ideal opportunity for business owner occupier as well as astute investors.
Area: 110 sqm approx.
Plenty of parking and rear access
Term: 10% Deposit
Balance: 30/60Days
To arrange an inspection, please contact
AMANDA MENG 0425 883 388

Property History for 7/78-92 Nepean St, Watsonia, VIC 3087

A timeline of how this property has performed in the market
Last Sold
$450,000
22 Feb 2024
Listed for Rent
$383/w
02 Jun 2009
  • 22 Feb 2024
    Sold for $450,000
  • 22 Aug 2018
    Sold for $450,000
  • 31 May 2012
    Sold for $290,000
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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.

Suburb Insights for Watsonia 3087

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.