SOLD
RECENT ADVICE
Sold on 25 Jul 2024 for $2,300,000

41 Albemarle Street
Williamstown North VIC 3016

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2024m2
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Property Details for 41 Albemarle St, Williamstown North

Building Type
Land
Land Size
2024m2
Local Government
Hobsons Bay
Lot/Plan
234/LP1316

Last Listing description (August 2024)

Compton Green Commercial is thrilled to offer a rare chance to acquire a double block property at 41-43 Albemarle St, Williamstown ideal for investment or development in the bustling Williamstown Industrial precinct.
Key Features:

Two blocks sold as one, providing ample space for expansion or development projects.

Combined rental income of $60,000 plus GST from two existing tenants.
Located in a prime industrial area with easy access to major roads such as Millers Rd and the Westgate Freeway, only 14km from the CBD.
Industrial 1 zoning ensures flexibility for a range of industrial or commercial uses.
With few similar opportunities remaining in the area, now is the time to secure your investment or development venture.

Don't miss out on this exceptional opportunity. Contact Tino Parisi at 0425755655 for more information.

Property History for 41 Albemarle St, Williamstown North, VIC 3016

A timeline of how this property has performed in the market
Last Sold
$2,300,000
25 Jul 2024
Listed for Rent
$402/w
24 Jan 2014
  • 25 Jul 2024
    Sold for $2,300,000
  • 13 May 2024
    Listed for Sale $2,450,000
  • 15 Aug 2013
    Listed for Rent - Price not available
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About Williamstown North 3016

The size of Williamstown North is approximately 1.8 square kilometres. It has 4 parks covering nearly 5.3% of total area. The population of Williamstown North in 2011 was 1,543 people. By 2016 the population was 1,599 showing a population growth of 3.6% in the area during that time. The predominant age group in Williamstown North is 50-59 years. Households in Williamstown North are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Williamstown North work in a professional occupation. In 2011, 56.3% of the homes in Williamstown North were owner-occupied compared with 54.6% in 2016.

Williamstown North has 1,713 properties. Over the last 5 years, Houses in Williamstown North have seen a 33.25% increase in median value, while Units have seen a 5.89% increase. As at 31 July 2024:

  • The median value for Houses in Williamstown North is $1,439,337 while the median value for Units is $698,200.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 11 properties listed for sale, and 7 properties listed for rent in Williamstown north on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Williamstown north.

Suburb Insights for Williamstown North 3016

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Compton Green
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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.