7 Cecil St, Wonga Park is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 427m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
An outstanding opportunity to develop a superb flat 870m2 (approximate) block in prestigious Wonga Park location. Remove the existing weatherboard home and this site is ready to build two luxurious townhouse on (STCA) with own title. The existing 3 bedroom home has the potential to be tenanted for approximately $300-$330 per week, an ideal opportunity to make money on your investment whilst obtaining plans and permits.
Situated in premium location offering easy access to all amenities such as, bushland, schools, shops and transport and with Yarra Valley and the Eastlink at your door step.
The size of Wonga Park is approximately 23.1 square kilometres. It has 17 parks covering nearly 20.5% of total area. The population of Wonga Park in 2011 was 3,833 people. By 2016 the population was 3,787 showing a population decline of 1.2% in the area during that time. The predominant age group in Wonga Park is 50-59 years. Households in Wonga Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wonga Park work in a professional occupation. In 2011, 91.8% of the homes in Wonga Park were owner-occupied compared with 92.3% in 2016.
Wonga Park has 1,427 properties. Over the last 5 years, Houses in Wonga Park have seen a 25.58% increase in median value, while Units have seen a 22.28% increase. As at 31 October 2024:
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