1 Vernon StreetBlackburn South VIC 3130
Property Details for 1 Vernon St, Blackburn South
1 Vernon St, Blackburn South is a 4 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 710m2. While the property is not currently for sale or for rent, it was last sold in August 1976.
Last Listing description (March 2025)
Investment opportunities like this don?t come along very often! Positioned in a dream Blackburn South pocket, this boutique development which consists of four 1 bedroom units is sure to excite those with investment ambitions, with the excellent location and enticing projected returns combining to produce an amazing package.
It?s rare to come across a prospect like this that will give purchasers such a great return on their investment. With all four units enjoying secure leases, with the potential of earning approximately $85,280 per annum combined (incl. GST). Each of the well-appointed properties consists of open living and meals, well-presented kitchen, bedroom with built-in robe, ensuite bathroom with laundry, reverse cycle heating and cooling, and low-maintenance outdoor space. Some of the units have undercover parking. The block itself also enjoys 697 sqm (approx.) of total space.
This development promises a memorable spot so close to Forest Hill Chase Shopping Centre, Blackburn South Shopping Centre, Blackburn Station Village, Blackburn Lake Sanctuary, Vernon Street Reserve, Bob Saker Oval, Blackburn Lake Primary School, Forest Hill College, Emmaus College, buses, and Nunawading Station.
We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.
Property History for 1 Vernon St, Blackburn South, VIC 3130
- 17 Oct 2024Listed for Sale Not Disclosed
- 04 Aug 1976Sold for $33,500
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About Blackburn South 3130
The size of Blackburn South is approximately 3.6 square kilometres. It has 17 parks covering nearly 9.7% of total area. The population of Blackburn South in 2016 was 10793 people. By 2021 the population was 10939 showing a population growth of 1.4% in the area during that time. The predominant age group in Blackburn South is 40-49 years. Households in Blackburn South are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Blackburn South work in a professional occupation.In 2021, 72.70% of the homes in Blackburn South were owner-occupied compared with 73.00% in 2016.
Blackburn South has 5,091 properties. Over the last 5 years, Houses in Blackburn South have seen a 3.64% increase in median value, while Units have seen a 22.22% increase. As at 31 March 2026:
- The median value for Houses in Blackburn South is $1,326,485 while the median value for Units is $876,712.
- Houses have a median rent of $650 while Units have a median rent of $630.
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