8 Sydney St, Albion is a 14 bedroom, 7 bathroom Unit with 7 parking spaces. The property has a land size of 834m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
Under Instructions from the Liquidator - Property must be sold at auction. No offers prior! Please note this property has major structural issues and an engineer's report can be found in contract of saleRarely does opportunity present itself with such compelling clarity. Seven 2-bedroom apartments across twin complexes on 834sqm, completely vacant and ready for your vision - this is investment excellence in its purest form.These thoughtfully designed residences, each featuring generous proportions, dedicated bathroom facilities and secure off-street parking. The numbers tell their own story: potential for $130,000 rental annual returns, with scope to substantially enhance yields through strategic improvements.Location amplifies opportunity. Albion Station beckons within walking distance while Sunshine's bustling CBD sits moments away in Melbourne's dynamic western growth corridor. Tree-lined streets lead to vibrant cafes, established parks and seamless freeway access - the foundations of enduring rental appeal that historically delivered exceptional occupancy rates.The liquidator's instruction creates urgency, but also unprecedented access to a complete investment portfolio. Purchase as one strategic acquisition, explore subdivision possibilities, or reimagine the entire offering. Each pathway promises reward in this tightly-held precinct where vacancy was never a concern and tenant demand consistently strong.Two buildings, seven apartments, 14 bedrooms, 7 bathrooms, 7 car spaces, infinite possibilities - all awaiting the investor astute enough to recognise that opportunities of this scale and potential seldom emerge in today's competitive market.
The size of Albion is approximately 2.5 square kilometres. There are 8 parks, covering nearly 23.6% of the 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 2,742 properties. Over the last 5 years, Houses in Albion have seen a 4.85% increase in median value, while Units have seen a 6.90% increase. As at 31 May 2026:
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