Nestled in the heart of Avondale, this charming 2-bedroom, 1-bathroom unit with a brick exterior and tile roofing is a delightful find. Constructed in 1960, the property sits on a level contour with average wall and roof conditions. It boasts a floor area of 72 square meters and is held under a Cross-Lease ownership. The capital value has seen a rapid increase of 37.93% from $580,000 in July 2017 to $800,000 as of June 2021. The HouGarden AVM estimates the property at $745,000, while the latest sales were recorded at $130,000 in 2001 and $146,000 in 1999.
As for the government valuations, the property has shown a strong growth trajectory. It's a perfect opportunity for investors or homeowners looking for a quick return. The unit is conveniently located near amenities, cafes, bars, and eateries, with easy motorway access. Mark your calendars for the pre-auction offer on Thursday 16th May, as this property is ready to be snapped up.
For families with children, the property falls within the zones of Avondale Intermediate (Decile 2), Avondale College (Decile 4), and Avondale Primary School (Decile 3), ensuring quality education is within reach.
Updated on May 17, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $740,000 | -4.5% | 20 |
2022 | $775,000 | -0.6% | 13 |
2021 | $780,000 | 19.1% | 27 |
2020 | $655,000 | -4.7% | 39 |
2019 | $687,000 | 14.5% | 21 |
2018 | $600,000 | 1.9% | 31 |
2017 | $589,000 | -10.8% | 22 |
2016 | $660,500 | 20.1% | 24 |
2015 | $550,000 | 13.4% | 25 |
2014 | $485,000 | - | 28 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 3 | 2 | -m2 | Year 2024 Month 05 Day 14 | $1,046,500 | Council approved | |
 | 0.14 km | 4 | 1 | 110m2 | Year 2024 Month 04 Day 22 | $1,325,000 | Council approved | |
 | 0.15 km | 3 | 1 | -m2 | Year 2024 Month 03 Day 21 | $1,050,000 | Council approved | |
0.28 km | 3 | 122m2 | Year 2024 Month 02 Day 23 | $579,000 | Council approved | |||
 | 0.12 km | 2 | 1 | -m2 | Year 2024 Month 02 Day 12 | $625,000 | Council approved |