Nestled in the serene Hillcrest, this 4-bedroom, 2-carpark property on a 769sqm freehold site at 57 Ocean View Road offers a prime opportunity. Constructed in 1950 with wood walls and iron roofing, this home boasts an average condition with a level contour. The government's capital value has seen a meteoric rise from $1,170,000 in 2017 to $1,750,000 in 2021, indicating a growth of nearly 50%. The HouGarden AVM estimates the property at $1,675,000, while the latest sales history shows a significant increase from $287,000 in 2002 to $405,000 in 2004. In terms of education, the property falls within the zones of Willowpark School (Decile 9), Northcote Intermediate (Decile 6), and Northcote College (Decile 7), ensuring top-notch education for the family.
With its strategic location near shopping hubs, recreational facilities, and educational institutions, this property is not just a home but a sound investment. The existing structure provides a perfect canvas for renovation, with a layout that includes 3 living areas, 2 bathrooms, and a seamless flow to the outdoor space. This gold mine has been tenanted at $670pw and is now up for grabs after 20 years, presenting an opportunity not to be missed.
For families with children, the school network is a significant plus. The property is zoned for highly-rated schools, ensuring a quality education for the young ones. This property is a SOLD sign waiting to happen, with open homes already cancelled, signaling high market interest.
Updated on April 23, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,524,000 | -1.4% | 28 |
2022 | $1,546,000 | -6.2% | 29 |
2021 | $1,648,000 | 26.4% | 50 |
2020 | $1,304,000 | 12.4% | 42 |
2019 | $1,160,500 | -7.2% | 30 |
2018 | $1,250,000 | 3.2% | 41 |
2017 | $1,211,500 | 3.3% | 32 |
2016 | $1,172,500 | 2.1% | 48 |
2015 | $1,148,000 | 29% | 57 |
2014 | $890,000 | - | 42 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.13 km | 4 | 2 | 200m2 | 2024年03月07日 | $1,550,000 | Council approved | |
 | 0.28 km | 3 | 1 | 0m2 | 2024年02月28日 | $1,060,000 | Council approved | |
 | 0.09 km | 3 | 2 | 173m2 | 2023年12月07日 | $992,000 | Council approved | |
 | 0.23 km | 5 | 2 | -m2 | 2023年11月30日 | $1,741,000 | Council approved | |
 | 0.09 km | 7 | 6 | -m2 | 2023年11月22日 | $1,940,000 | Council approved |