OFF MARKET

231 Albany Highway
Mount Melville WA 6330

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 98m2
Land area: 994m2
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Property Details for 231 Albany Hwy, Mount Melville

231 Albany Hwy, Mount Melville is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 994m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1960
Floor Size
98m2
Land Size
994m2
Local Government
Albany
Lot/Plan
1118/P207823

Last Listing description (June 2023)

You'll get a lot of property for your money and excellent potential for adding value to your investment if you're the astute purchaser of this sizeable real estate within walking distance of town.
It consists of a tidy 1940s fibro and tile cottage with terrific views from Mt Clarence to the Porongurups, on a corner block of 994sqm with two-road access.
First home buyers looking for an affordable property to settle into, developers with an eye for a sound financial project and investors recognising the prospect of lucrative rental returns will be attracted to this real estate, which also has potential for subdivision.

The home as it is needs modernisation, but it has a good structure, and original features such as jarrah floorboards and high ceilings work as the basis for a charming character home.
Living areas comprise a lounge and deck at the front and a sunroom at the back. In addition, there are three double bedrooms, a bathroom with bath and shower, a separate toilet and an updated white kitchen with gas cooking and space for a meals table.
Adjoining the house is a fenced area for kids' playtime, and beyond that, a single garage in a separate rear section.
The block is a major drawcard as there's enough land for building a serious trades shed and still having ample space for recreation, chooks, veggies and fruit trees. It also lends itself to subdivision or development of multiple homes, the easy access from a driveway on the side road being a real bonus.
Another plus is the location only 1.5km from town and within easy reach of schools, eateries and entertainment. For investors, this tenant-friendly aspect promotes good rental returns the property is leased until July 2022 at $315 a week.
For developers, leasing the house during the planning phase would bring additional financial benefits.

What you need to know:
- Fibro and tile home
- Corner 994sqm block with two-road access
- Suit first home buyers, developers, investors
- Subdivision potential
- Terrific outlook from front of home
- Lounge, sunroom, front deck
- Three double bedrooms
- Bathroom with bath and shower, laundry, separate toilet
- Space for building a big shed
- 1.5km from town
- Leased until July 2022 at $315 a week
- Council rates $1,808.21
- Water rates $1,463.12

Property History for 231 Albany Hwy, Mount Melville, WA 6330

A timeline of how this property has performed in the market
Last Sold
$330,000
31 May 2022
Listed for Rent
$295/w
24 Jun 2021
  • 31 May 2022
    Sold for $330,000
  • 11 May 2022
    Listed for Sale Offers Above $325,000
  • 31 May 2021
    Listed for Rent $295 / week
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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.