SOLD
Sold on 13 Mar 2024 for $680,000

9/78-92 Nepean Street
Watsonia VIC 3087

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 108m2
Land area: 142m2
Sold By
Jones Real Estate
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Property Details for 9/78-92 Nepean St, Watsonia

Building Type
Commercial
Floor Size
108m2
Land Size
142m2
Local Government
Banyule
Lot/Plan
4/PS336168

Last Listing description (May 2016)

Ray White Commercial proudly presents this rare opportunity to acquire a blue chip pharmacy asset in a rapidly growing suburb. The property locates itself in an established commercial precinct, and offers the security of a brand new lease in place with annual increases.
Building area | 108m2 approximately
Return | $34,465.92 p.a. net approximately

5 + 5 + 5 year lease
Zoning | Commercial 1
Ample surrounding car parking
Part of Diamond Village Shopping Centre
Closing | Wednesday 11th May 2016 at 5pm
(unless SOLD prior)

Property History for 9/78-92 Nepean St, Watsonia, VIC 3087

A timeline of how this property has performed in the market
Last Sold
$680,000
13 Mar 2024
  • 13 Mar 2024
    Sold for $680,000
  • 29 Apr 2016
    Sold for $635,000
  • 14 Apr 2016
    Listed for Sale Not Disclosed
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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 2,727 properties. Over the last 5 years, Houses in Watsonia have seen a 22.74% increase in median value, while Units have seen a 17.81% increase. As at 30 November 2024:

  • The median value for Houses in Watsonia is $946,666 while the median value for Units is $705,364.
  • Houses have a median rent of $540 while Units have a median rent of $535.
There are currently 6 properties listed for sale, and 1 property listed for rent in Watsonia on OnTheHouse. According to CoreLogic's data, 115 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.