586 Ballarat Road, Albion, VIC 3020 | Property Value & History | OnTheHouse
 
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586 Ballarat Road
Albion VIC 3020

Bedrooms: -
Bathrooms: -
Car spaces: 16
Floor area: 1200m2
Land area: 1754m2
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Property Details for 586 Ballarat Rd, Albion

Building Type
Commercial
Floor Size
1200m2
Land Size
1754m2
Local Government
Brimbank
Lot/Plan
16/LP74456

Last Listing description (October 2023)

586 Ballarat Road presents a unique large format retail opportunity boasting outstanding exposure to passing traffic and excellent linkages to the western freeway network.

Property features include:

- Total building area: 1,290sqm*
- Two container height roller doors
- Clear span warehouse/showroom
- Fitted retail/showroom area
- Quality fitted out offices with room to expand
- A freehold site not shared with any other occupiers
- 16 on-site car spaces for staff and customers
- Rental income from on-site billboard of $24,000 p.a.

*approx.

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Property History for 586 Ballarat Rd, Albion, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$3,600,000
01 Jun 2023
Listed for Rent
$2.55k/w
12 Jul 2021
  • 01 Jun 2023
    Sold for $3,600,000
  • 28 Jun 2017
    Listed for Sale Contact Agent
  • 28 Jun 2017
    Listed for Rent - Price not available
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About Albion 3020

The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.

Albion has 2,753 properties. Over the last 5 years, Houses in Albion have seen a 13.72% increase in median value, while Units have seen a 2.64% increase. As at 31 March 2026:

  • The median value for Houses in Albion is $807,026 while the median value for Units is $429,169.
  • Houses have a median rent of $505 while Units have a median rent of $393.
There are currently 12 properties listed for sale, and 9 properties listed for rent in Albion on OnTheHouse. According to Cotality's data, 142 properties were sold in the past 12 months in Albion.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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