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1-12 / 5 Truganini Road, Carnegie

VIC 3163

  • 12
  • 12
  • 12
  • 920m2

Auction

Thursday 27th Jun | 12:00 PM public 2024-06-27 12:00:00 2024-06-27 12:30:00 Australia/Melbourne Auction for 1-12 / 5 Truganini Road, Carnegie Auction for 1-12 / 5 Truganini Road, Carnegie 1-12 / 5 Truganini Road, Carnegie Gary Peer inspections@garypeer.com.au

Inspection

Guide

$2,750,000 - $3,000,000

Enquire now

A strata block of 12 in the heart of Carnegie

Offered for the first time ever, an outstanding investment opportunity exists to reap boundless returns on a strata-titled block of twelve apartments, ideally located in a peaceful tree-lined road on the cusp of Carnegie Village. Set on a substantial 920m2* allotment, the block comprises twelve one-bedroom kitchenette apartments, each with undercover carport space & access to a communal laundry at the rear. To be sold as one offering. Four apartments have been beautifully updated to include well-appointed modern kitchens & bathrooms whilst the remaining flats can be improved immediately or over time. Several vacancies allow the opportunity for immediate reletting or works as desired.

Purpose built & owned as a well-performing investment property in one family for more than 45 years, this well-positioned block is ideally poised for investors looking to secure property in a high-growth location while generating immediate rental income with a potential to lift the current income considerably. Set in one of Carnegie’s best locations with the cafes, restaurants & shopping spots of Koornang Road just around the corner, a short stroll to leafy Koornang Park & Lord Reserve & city-wide public transport a stone’s throw away, this endlessly promising opportunity is not to be missed.

*Approximate Title Dimensions.

Contact us

David Thomson

Licensed Estate Agent & Auctioneer


Graeme Callen

Licensed Estate Agent & Auctioneer



Carnegie suburb statistics

Houses*


Median sale price

$1,675,500

Quarterly price change

1.52%


Units*


Median sale price

$625,000

Quarterly price change

-0.80%


Sales insights


Auction clearance rate*

77%



Median days on market

24 days



Total sold properties*

132


*Updated quarterly for the past 12 months

^Updated daily for the past quarter

~Updated daily for the past 12 months

This website contains data, analytics, statistics and other information supplied by PROPERTY DATA PTY LTD. The data provided in this website is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Property Data relies upon data supplied by third parties and while the data is checked and reviewed, PropertyData does not warrant the accuracy or completeness of the information to the full extent permitted by the law and excludes all loss or damage howsoever arising (including through negligence) in connection with the data supplied by Property Data. The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

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