65 Wattletree Road, Armadale, VIC 3143 | Property Value & History | OnTheHouse
 
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65 Wattletree Road
Armadale VIC 3143

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 754m2
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Property Details for 65 Wattletree Rd, Armadale

Building Type
Commercial
Land Size
754m2
Local Government
Stonnington
Lot/Plan
7/LP4294

Last Listing description (May 2022)

Extremely rare opportunity to acquire this high-quality medical facility leased to Malvern Endodontics.

Expressions of Interest close Thursday 19th May 2022 at 3pm

Key property features comprise:

* Outstanding medical facility currently utilised for dentistry and located within a proven medical location, nearby likeminded medical businesses such as Cabrini Hospital and other medical institutions
* Longstanding tenant and leased to Malvern Endodontics - a specialist dental surgery
* Passing income: $114,167 pa + GST + outgoings
* Substantial land component of 755 sqm approx. underpinning the property
* Excellent on-site parking and prominent frontage of 17+ metres
* Rear R.O.W accessible via Inverness Avenue and The Terrace

Blue chip "Armadale" location surrounded by unrivalled lifestyle and public transport amenity, major arterial routes, as well as major retail destinations such as Malvern Central Shopping Centre and Glenferrie Road retail shopping strip.

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Property History for 65 Wattletree Rd, Armadale, VIC 3143

A timeline of how this property has performed in the market
Last Sold
$3,100,000
26 May 2022
  • 26 May 2022
    Sold for $3,100,000
  • 20 Apr 2022
    Listed for Sale Contact Agent
  • 27 Oct 2007
    Sold for $1,776,000
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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 7,099 properties. Over the last 5 years, Houses in Armadale have seen a -2.55% decrease in median value, while Units have seen a -4.39% decrease. As at 31 March 2026:

  • The median value for Houses in Armadale is $2,646,956 while the median value for Units is $698,028.
  • Houses have a median rent of $1,100 while Units have a median rent of $613.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Armadale on OnTheHouse. According to Cotality's data, 365 properties were sold in the past 12 months in Armadale.

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