SOLD
RECENT ADVICE
Sold on 08 Jul 2024 for $1,900,000

177 Jells Road
Wheelers Hill VIC 3150

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1031m2
Sold By
Little Real Estate Victoria
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Property Details for 177 Jells Rd, Wheelers Hill

177 Jells Rd, Wheelers Hill is a 4 bedroom, 2 bathroom House. The property has a land size of 1031m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Wheelers Hill in the last 12 months.

Building Type
House
Land Size
1031m2
Local Government
Monash

Last Listing description (October 2024)

Presenting a strong foundation for today and well into the future, unlock the powerful potential of this wide-ranging opportunity over a vast 1,031m2 (approx.). Take full advantage of this huge block on the one title, all underpinned by a high-demand GR5 residential zoning.

Inviting fresh ideas, the choice is yours. Capitalise on the high investment potential of the existing residential and commercial arrangements, or start afresh with the chance to piece together a multi-level, multi-residence development (STCA) in a sought-after location. Boasting a far-reaching frontage of 30.4m with a depth of 33.92m (both approx.), the attractive dimensions will supercharge your imagination.

Whatever path you choose, there is plenty to work with here. A medical centre is currently trading at 177, a restaurant at 179 has recently closed, while at the rear, a rented 4 bedroom home spreads out in an elevated setting. All the residences are capable of generating secure income while your grand plans are prepared and finalised, subject to council approval.

- Favoured GRZ5 zoning
- One residential and two commercial operations
- Rear unit includes 4 bedrooms with BIR, a two-way bathroom, lounge, kitchen, laundry, heating/cooling, courtyard and 3 undercover car parks
- Front retail outlet comprises heating/cooling, powder room and car parking
- Medical centre has a reception, 4 treatment rooms, kitchen, 2 WCs and 6 dedicated car parks
- Combined potential return of approximately $115,000 per annum

Moments from Wheelers Hill Shopping Centre and the lush greenery of Jells Park and Monash Gallery Reserve, enjoy easy access to the Monash Freeway, Brandon Park Shopping Centre, leading schools, Wheelers Hill Library and Mulgrave Country Club. It all adds up to an outstanding lifestyle choice.

For more information, please contact Eric Lim today.

3 x LITTLE THINGS WE LOVE

1. Wheelers Hill Shopping Centre

Across the road from Woolworths and more

2. Multiple Bus Routes

Footsteps to public transport in all directions

3. Monash Freeway

Short drive to the city and EastLink

Disclaimer:
Little Real Estate has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Little Real Estate toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 177 Jells Rd, Wheelers Hill, VIC 3150

A timeline of how this property has performed in the market
Last Sold
$1,900,000
08 Jul 2024
  • 08 Jul 2024
    Sold for $1,900,000
  • 13 Feb 2024
    Listed for Sale Not Disclosed

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About Wheelers Hill 3150

The size of Wheelers Hill is approximately 10.4 square kilometres. It has 51 parks covering nearly 22.7% of total area. The population of Wheelers Hill in 2011 was 19,104 people. By 2016 the population was 19,740 showing a population growth of 3.3% in the area during that time. The predominant age group in Wheelers Hill is 60-69 years. Households in Wheelers Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wheelers Hill work in a professional occupation. In 2011, 83.3% of the homes in Wheelers Hill were owner-occupied compared with 81% in 2016.

Wheelers Hill has 8,851 properties. Over the last 5 years, Houses in Wheelers Hill have seen a 34.36% increase in median value, while Units have seen a 33.41% increase. As at 30 September 2024:

  • The median value for Houses in Wheelers Hill is $1,457,474 while the median value for Units is $1,013,203.
  • Houses have a median rent of $680 while Units have a median rent of $580.
There are currently 35 properties listed for sale, and 12 properties listed for rent in Wheelers hill on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Wheelers hill.

Suburb Insights for Wheelers Hill 3150

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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.