4 Dudley StreetWest Melbourne VIC 3003
Property Details for 4 Dudley St, West Melbourne
Last Listing description (October 2023)
** SOLD **
Gross Waddell ICR, in conjunction with MMJ Real Estate, is pleased to offer this exciting opportunity to secure a high exposure city fringe freehold.
Key features include:
3 level period style building of 220 sqm*
Fully leased on a 5 year lease (comm. Sep-22) with one further option of 5 years
Rental of $52,000* p.a. as at 1/9/23, with annual 4% fixed rental increases (market review at option)
Land Area: 80 sqm*
Fantastic CBD views
For more information or to organise an inspection, please contact the exclusive marketing agents:
Gross Waddell ICR:
Alex Ham 0410 545 226
Michael Gross 0419 355 561
MMJ Real Estate:
Joel Wald - 0412 352 252
Property History for 4 Dudley St, West Melbourne, VIC 3003
- 11 Oct 2023Sold for $915,000
- 11 Sep 2023Listed for Sale Contact Agent
- 20 May 2019Listed for Rent $40,000 / year
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0About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.
West Melbourne has 7,559 properties. Over the last 5 years, Houses in West Melbourne have seen a 11.70% increase in median value, while Units have seen a -5.56% decrease. As at 31 August 2024:
- The median value for Houses in West Melbourne is $1,228,041 while the median value for Units is $519,370.
- Houses have a median rent of $693 while Units have a median rent of $592.
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