3 Cleveland Road, Ashwood, VIC 3147 | Property Value & History | OnTheHouse
OFF MARKET

3 Cleveland Road
Ashwood VIC 3147

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 139m2
Land area: 253m2
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Property Details for 3 Cleveland Rd, Ashwood

Building Type
Commercial
Year Built
2004
Floor Size
139m2
Land Size
253m2
Local Government
Monash
Lot/Plan
20/LP53862

Last Listing description (March 2025)

3 Cleveland Road represents an outstanding opportunity for investors or owner-occupiers seeking a property with established income and growth potential. This dual-tenancy property features a popular caf that serves as a community staple, drawing steady foot traffic, and a long-established automotive repair business catering to a loyal client base. Together, these tenants generate a robust and consistent income stream, ensuring stability for future owners.

The property benefits from its prime position in Ashwood, a rapidly growing suburb known for its mix of residential and commercial developments. Located on a highly visible street, it is surrounded by an array of complementary businesses and amenities, including retail outlets, schools, and parks, making it a key hub for the local community. Easy access to major roads and public transport ensures convenience for both tenants and customers, further enhancing its desirability.

With flexible zoning that accommodates a wide range of uses, this property offers significant potential for redevelopment or enhancement in line with the suburb's ongoing transformation. Its proximity to key commercial and residential projects adds further value, positioning it as a strategic asset for long-term capital growth. The combination of stable rental returns, a high-profile location, and scope for future development makes this property an excellent choice for astute investors or business operators looking to establish themselves in a flourishing area.

This is more than a property-it's a cornerstone of Ashwood's evolving commercial landscape, offering unparalleled potential and security in one of Melbourne's most dynamic suburban markets. Don't miss the chance to secure a property with enduring appeal and exceptional upside.

Property History for 3 Cleveland Rd, Ashwood, VIC 3147

A timeline of how this property has performed in the market
Last Sold
$760,000
12 Dec 2024
  • 12 Dec 2024
    Sold for $760,000
  • 05 Dec 2024
    Listed for Sale Contact Agent
  • 31 Aug 2017
    Listed for Sale Contact Agent
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About Ashwood 3147

The size of Ashwood is approximately 2.6 square kilometres. It has 11 parks covering nearly 12.8% of total area. The population of Ashwood in 2016 was 6886 people. By 2021 the population was 7154 showing a population growth of 3.9% in the area during that time. The predominant age group in Ashwood is 30-39 years. Households in Ashwood are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashwood work in a professional occupation.In 2021, 60.40% of the homes in Ashwood were owner-occupied compared with 59.40% in 2016.

Ashwood has 3,732 properties. Over the last 5 years, Houses in Ashwood have seen a 13.93% increase in median value, while Units have seen a 20.94% increase. As at 31 January 2026:

  • The median value for Houses in Ashwood is $1,530,810 while the median value for Units is $1,056,161.
  • Houses have a median rent of $680 while Units have a median rent of $695.
There are currently 3 properties listed for sale, and 5 properties listed for rent in Ashwood on OnTheHouse. According to Cotality's data, 147 properties were sold in the past 12 months in Ashwood.

Suburb Insights for Ashwood 3147

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.