1006 High Street, Armadale, VIC 3143 | Property Value & History | OnTheHouse
 
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1006 High Street
Armadale VIC 3143

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 233m2
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Property Details for 1006 High St, Armadale

Building Type
Commercial
Land Size
233m2
Local Government
Stonnington
Lot/Plan
1/TP685615

Last Listing description (July 2008)

South East Suburbs
10 Minutes from the Melbourne CBD. This Post Office is situated in a conspicuous position in the shopping strip, which has a good diversity of shops and several other service businesses catering for most needs, such as a Milk Bar, many Restaurants, Sandwich Shops, Fish & Chips, Hairdressers, Take Away Food, Pharmacy, Petrol Station, Bottle Shop, Groceries, Real Estate Agents, Tattersall's Agency, News-Agency, etc. It is handy to the freeway and major highways. There is ample area set aside for car parking. The premises are in good condition and have ample space to conduct day-to-day operations. The shop is very spacious, bright and clean, with one good size counter with (2) two Australia Post Epos machines. This business will require (1) one additional Epos machine in the very near future. The rear of the shop has a comfortable working area plus a good lunchroom and plenty of storage facilities. A complete new shop fit has been completed.
Net income approximately $250,000 + per annum.

Business Price: $1,250,000
Stock (approx.) $ 60,000
TOTAL PRICE: $1,310,000
Contact Nino Ruscitti 0409 500 904 or Joe Ruscitti 0414 462 411
Office: 03 9690 6464

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Property History for 1006 High St, Armadale, VIC 3143

A timeline of how this property has performed in the market
Last Sold
$350,000
01 Nov 1993
  • 16 May 2008
    Listed for Sale 1250000 PLUS SAVING
  • 01 Nov 1993
    Sold for $350,000
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About Armadale 3143

The size of Armadale is approximately 2.2 square kilometres. It has 7 parks covering nearly 2.9% of total area. The population of Armadale in 2016 was 9054 people. By 2021 the population was 9368 showing a population growth of 3.5% in the area during that time. The predominant age group in Armadale is 30-39 years. Households in Armadale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Armadale work in a professional occupation.In 2021, 52.60% of the homes in Armadale were owner-occupied compared with 52.40% in 2016.

Armadale has 7,093 properties. Over the last 5 years, Houses in Armadale have seen a 10.76% increase in median value, while Units have seen a -2.59% decrease. As at 31 December 2025:

  • The median value for Houses in Armadale is $2,588,683 while the median value for Units is $681,788.
  • Houses have a median rent of $850 while Units have a median rent of $610.
There are currently 15 properties listed for sale, and 9 properties listed for rent in Armadale on OnTheHouse. According to Cotality's data, 364 properties were sold in the past 12 months in Armadale.

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