1 Grieve ParadeAltona VIC 3018
Property Details for 1 Grieve Pde, Altona
1 Grieve Pde, Altona is a 8 bedroom, 4 bathroom Unit with 8 parking spaces and was built in 1995. The property has a land size of 615m2. While the property is not currently for sale or for rent, it was last transferred in April 2016.
Last Listing description (February 2024)
This solid investment with 4 securely leased units is an incredible acquisition for landlords or developers. Set on a superb quarter-acre allotment near Civic Parade bus transport, Pier Street shops and cafes, Cherry Lake Reserve, and Altona Beach, imagination is the only limitation here.
Each of these units feature a 2-bedroom, 1-bathroom, 1-car space layout. Leased between $220-$300 per week, this property is immediately income-generating.
Alternatively, savvy developers may choose to capitalise on this 1,013sqm (approx.) allotment with a brand new build (STCA). Perfectly positioned only 220m from Altona College, there are a steady stream of singles and families searching for new homes in this highly coveted neighbourhood.
This is an outstanding opportunity with endless options, so prompt enquiry is advised. Contact us for more information today.
1st
Property History for 1 Grieve Pde, Altona, VIC 3018
- 29 Jun 2023Listed for Sale Not Disclosed
- 13 Apr 2016Transferred
- 24 May 2008Listed for Sale $439,000 EACH
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0About Altona 3018
The size of Altona is approximately 16.6 square kilometres. There are 31 parks, covering nearly 21.2% of the total area. The population of Altona in 2016 was 10762 people. By 2021 the population was 11490 showing a population growth of 6.8% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation.In 2021, 66.30% of the homes in Altona were owner-occupied compared with 64.20% in 2016.
Altona has 7,835 properties. Over the last 5 years, Houses in Altona have seen a 14.18% increase in median value, while Units have seen a 6.11% increase. As at 31 May 2026:
- The median value for Houses in Altona is $1,155,138 while the median value for Units is $677,428.
- Houses have a median rent of $640 while Units have a median rent of $545.
Suburb Insights for Altona 3018
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