51 Aberdeen StreetAlbany WA 6330
Property Details for 51 Aberdeen St, Albany
Last Listing description (July 2024)
With real estate in central Albany at a premium, this one-off opportunity with diverse potential is sure to attract keen interest from investors and developers.A substantial parcel of vacant land in Aberdeen Street, it is within the central business district and zoned Regional Centre.This is a versatile development block of 1226sqm. It is level, sealed, fenced and with water connected. It presents a wide scope of options which would expect to generate either an initial excellent return or an ongoing income, such as from construction of commercial premises, an inner-city residence or for mixed use such as a work-live development up to three storeys high.With all the amenities of the CBD on the doorstep, a high volume of passing traffic and a central city address, this is a prime location for trading or executive living. The property is currently leased by a neighbouring motor vehicle dealer under a periodic tenancy for $27,806 per annum, plus GST. The tenants also pay the water rates, and the City of Albany rates are currently $2,613.17 per annum.Talk to Carly Szczecinski of Merrifield Real Estate about the many possibilities this exceptional site offers.What you need to know:- 1226sqm vacant block in CBD- Zoned Regional Centre- Level, sealed, fenced- Water connected- Suitable for development of commercial or residential premises- Potential for excellent returns on development or ongoing income- Prime site with diverse possibilities- Amenities of CBD nearby- Currently leased under periodic tenancy for $27,806pa- City of Albany rates $2,613.17pa- Water rates $1,832.88
Property History for 51 Aberdeen St, Albany, WA 6330
- 05 Jun 2024Sold for $613,000
- 09 Aug 2023Listed for Sale $699,000 + GST
- 11 May 2022Sold for $715,000
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0About Albany 6330
The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2011 was 1,463 people. By 2016 the population was 1,310 showing a population decline of 10.5% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation. In 2011, 60.3% of the homes in Albany were owner-occupied compared with 61.7% in 2016.
Albany has 1,367 properties. Over the last 5 years, Houses in Albany have seen a 62.11% increase in median value, while Units have seen a 6.07% increase. As at 31 October 2024:
- The median value for Houses in Albany is $603,611 while the median value for Units is $247,983.
- Houses have a median rent of $485 while Units have a median rent of $350.
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