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Nestled in the coveted suburb of Addington, this 4-bedroom, cross-lease property is a gem for families and investors alike. Constructed in 1900 with fair-condition wood walls and iron roofing, it offers a floor area of 130sqm and a carpark. The property's Capital Value (CV) has seen a remarkable increase of 41.18% from $340,000 in 2019 to $480,000 as of 2022. The HouGarden AVM estimates it at $445,000, while the latest sales were at $390,000 in 2021 and $305,000 in 2015. This home is not just about numbers; it's a cozy haven with two heat pumps, a dishwasher, and a garden shed, all set in a private, fully fenced section.
On the financial front, the property's CV growth and the high demand for the area make it a solid investment. The government's valuation history and the AVM reflect a strong market trend, indicating a promising future for this property's value.
For families with children, the property falls within the zones of several esteemed schools. These include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. The central location ensures easy access to the CBD, Westfield Mall, and local amenities, making it an ideal blend of comfort, convenience, and potential.
Updated on May 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.03 km | 2 | 120m2 | Year 2024 Month 12 Day 18 | $585,000 | Council approved | |||
 | 0.14 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 13 | $545,000 | Council approved | |
 | 0.07 km | 4 | 1 | -m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 0.04 km | 3 | 130m2 | Year 2024 Month 09 Day 18 | $648,500 | Council approved | ||
 | 0.12 km | 2 | 1 | 70m2 | Year 2024 Month 07 Day 29 | $390,000 | Council approved |