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.
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.
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
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:
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