CENTRAL MULTI-RESIDENTIAL SITE
PROFESSIONALS ARTHUR JOHNSTON SNOWBALL Centrally located just a few minutes drive from Albany's CBD, this valuable piece of real estate is also just metres from a doctors surgery and chemist and only a short walk to a major shopping centre, schools, sports venues and public transport.
All these elements give this big 2514sqm battleaxe property the investment edge in today's property market. The level, serviced site could fit up to five home sites sharing a common driveway. Part of the development process is already underway with house plans already prepared and available to incorporate in any future sale, as well as a proposed Survey Strata Plan.
The size of Centennial Park is approximately 2 square kilometres. It has 1 park covering nearly 28% of total area. The population of Centennial Park in 2011 was 568 people. By 2016 the population was 620 showing a population growth of 9.2% in the area during that time. The predominant age group in Centennial Park is 70-79 years. Households in Centennial Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Centennial Park work in a trades occupation. In 2011, 51% of the homes in Centennial Park were owner-occupied compared with 53.8% in 2016.
Centennial Park has 838 properties. Over the last 5 years, Houses in Centennial Park have seen a 62.59% increase in median value, while Units have seen a 22.27% increase. As at 31 October 2024:
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