166 Chambers Rd, Altona North is a 5 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 839m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
This much-coveted corner site offers an exceptional opportunity for developers to capitalize on the potential for multiple townhouses (STCA). With an impressive street frontage of approximately 90 meters on Paringa Road and approximately 15 meters on Chambers Road, the site provides around 835m2 to repurpose (STCA). Opportunities like this are rare and highly sought after.
For investors, this property is a perfect opportunity to acquire an entire block of units with long-term tenancies, ensuring an immediate return. The units are highly desirable among tenants, offering single-level living in a boutique block of five one-bedroom units. Each unit boasts a good-sized kitchen, generously proportioned living areas, and off-street parking. With scope to renovate, investors can retain and hold this asset or choose to subdivide and sell each unit separately.
The property is perfectly positioned for easy access to the city or freeway and is just a short walk to Altona Gate Shopping Centre, Millers Rd, Footscray Hospital, Maribyrnong River, beaches, marinas, public transport, schools, restaurants, Yarraville Sun Theatre, Williamstown, golf courses, and bike paths. This prime location enhances the value of any investment made in this property.
The size of Altona North is approximately 14.1 square kilometres. It has 21 parks covering nearly 18.9% of 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 8,087 properties. Over the last 5 years, Houses in Altona North have seen a 12.48% increase in median value, while Units have seen a 15.68% increase. As at 31 January 2026:
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