1 Cresser St, Altona North is a 8 bedroom, 4 bathroom Unit with 8 parking spaces. The property has a land size of 642m2. While the property is not currently for sale or for rent, it was last sold in September 2018.
A solid investment to secure a whole block of units in this prime location of Altona North. On a generous allotment of 636m2 (approx.) this spectacular residence comprises of four apartments. This site has huge potential for uplift/value ad and is perfect for refurbishment or redevelopment (STCA).
Each apartment comprises of a basic two bedroom with kitchen/meals area, separate lounge room, bathroom and toilet. The block is a double brick construction.
This low maintenance investment has the rental potential of $5,200 per month or $62,400 per annum over four separate leases.
The size of Altona North is approximately 14.1 square kilometres. There are 21 parks, covering nearly 18.9% of the total area. The population of Altona North in 2016 was 12152 people. By 2021 the population was 12962 showing a population growth of 6.7% in the area during that time. The predominant age group in Altona North is 30-39 years. Households in Altona North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona North work in a professional occupation.In 2021, 66.00% of the homes in Altona North were owner-occupied compared with 66.10% in 2016.
Altona North has 8,152 properties. Over the last 5 years, Houses in Altona North have seen a 5.07% increase in median value, while Units have seen a 12.24% increase. As at 31 May 2026:
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