OFF MARKET

229 Albany Highway
Mount Melville WA 6330

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 120m2
Land area: 1165m2
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Property Details for 229 Albany Hwy, Mount Melville

229 Albany Hwy, Mount Melville is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1165m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1950
Floor Size
120m2
Land Size
1165m2
Local Government
Albany
Lot/Plan
1119/P207823

Last Listing description (October 2022)

Here's a property to get excited about if you're a first home buyer, rental investor or developer looking for substantial real estate with the bonus of an excellent location and bargain price.
Less than 1.5km from town, it's a 1940s fibro and tile cottage on a 1165sqm block offering several options for adding value.
Buyers may choose to live in the home and improve the site to suit their own needs or, with appropriate local authority permissions, replace it and develop the land, or subdivide and capitalise.

The home is tidy and structurally sound, but would benefit from a makeover. It has undergone some modernisation in recent years, though it still displays original features such as timber windows and high ceilings. Timber floorboards under the carpets could be revealed and polished.
It occupies an elevated site from where it takes in a lovely outlook from the Porongurups to the hills of Gull Rock National Park and around to Mt Clarence from the comfy lounge and front deck.
The rest of the home comprises four double bedrooms, a white kitchen with gas cooking and space for a meals table, the bathroom with bath and shower, a separate toilet, laundry and utility area at the back door.
There's a single garage at the side and plenty of off-road parking. The grassy block is in two sections an enclosed area next to the house for children and pets to play safely and another fenced area beyond, an ideal site for a big shed.
First home buyers might choose to do up the home while living in it and enjoying the advantages of the big block as well as the easy access to schools, town and the coast.
With the location's appeal to tenants, investors would enjoy potential for good rental returns, while developers could rent out the home pending applications. It is currently leased until November 2022 at $345 a week.
This is a rare opportunity for far-sighted buyers to reap the rewards of a well-priced property with outstanding prospects.

What you need to know:
- 1940s fibro and tile home
- 1165sqm block
- 1.5km from Albany's CBD
- Suit first home buyer, investor or developer
- Ideal for renovating, leasing out or replacing
- Original high ceilings, timber features
- Outlook to, Gull Rock, Mt Clarence
- Front deck
- Lounge
- White kitchen with meals area
- Four double bedrooms
- Bathroom with bath, shower, basin
- Separate toilet
- Utility area
- Grassy block in two sections at rear
- Single garage
- Leased until November 2022 at $345 a week
- Council rates $1,808.21
- Water rates $1,463.12

Property History for 229 Albany Hwy, Mount Melville, WA 6330

A timeline of how this property has performed in the market
Last Sold
$320,000
31 May 2022
Listed for Rent
$330/w
16 Oct 2021
  • 31 May 2022
    Sold for $320,000
  • 11 May 2022
    Listed for Sale Offers Above $315,000
  • 08 Oct 2021
    Listed for Rent - Price not available
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About Mount Melville 6330

The size of Mount Melville is approximately 2.9 square kilometres. It has 5 parks covering nearly 32% of total area. The population of Mount Melville in 2011 was 1,079 people. By 2016 the population was 1,084 showing a population growth of 0.5% in the area during that time. The predominant age group in Mount Melville is 60-69 years. Households in Mount Melville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Melville work in a professional occupation. In 2011, 53.6% of the homes in Mount Melville were owner-occupied compared with 58% in 2016.

Mount Melville has 740 properties. Over the last 5 years, Houses in Mount Melville have seen a 69.17% increase in median value, while Units have seen a 30.14% increase. As at 31 October 2024:

  • The median value for Houses in Mount Melville is $536,903 while the median value for Units is $271,530.
  • Houses have a median rent of $470 while Units have a median rent of $290.
There are currently 13 properties listed for sale, and no properties listed for rent in Mount melville on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Mount melville.

Suburb Insights for Mount Melville 6330

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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.