SOLD
Sold on 18 Apr 2024 for $1,875,000

38 Sorbonne Crescent
Canning Vale WA 6155

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 822m2
Land area: 2736m2
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Property Details for 38 Sorbonne Cres, Canning Vale

Building Type
Commercial
Year Built
1995
Floor Size
822m2
Land Size
2736m2
Local Government
Canning
Lot/Plan
308/P016984

Last Listing description (May 2023)

Office / Workshop of 814 square metres plus mezzanine. The workshop has a 5 tonne crane and approximately 300 Amps of power. The building has been constructed on a 2,736 square metre site that allows yard area.

The property property is being sold with a new 5 year lease reflecting a 7.7% return on the asking price.

Property History for 38 Sorbonne Cres, Canning Vale, WA 6155

A timeline of how this property has performed in the market
Last Sold
$1,875,000
18 Apr 2024
  • 18 Apr 2024
    Sold for $1,875,000
  • 29 Oct 2019
    Listed for Sale SOLD - $2,035,000
  • 03 Jul 2014
    Listed for Sale Not Disclosed
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About Canning Vale 6155

The size of Canning Vale is approximately 25.4 square kilometres. It has 71 parks covering nearly 17.1% of total area. The population of Canning Vale in 2011 was 30,665 people. By 2016 the population was 33,069 showing a population growth of 7.8% in the area during that time. The predominant age group in Canning Vale is 40-49 years. Households in Canning Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Canning Vale work in a professional occupation. In 2011, 82.8% of the homes in Canning Vale were owner-occupied compared with 81% in 2016.

Canning Vale has 13,474 properties. Over the last 5 years, Houses in Canning Vale have seen a 81.72% increase in median value, while Units have seen a 77.94% increase. As at 31 October 2024:

  • The median value for Houses in Canning Vale is $962,392 while the median value for Units is $597,179.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 77 properties listed for sale, and 22 properties listed for rent in Canning vale on OnTheHouse. According to CoreLogic's data, 451 properties were sold in the past 12 months in Canning vale.

Suburb Insights for Canning Vale 6155

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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.