1/407 Humffray Street NBrown Hill VIC 3350
Property Details for 1/407 Humffray St N, Brown Hill
Last Listing description (June 2023)
Freehold for Sale
Inspections by appointment & please direct all inquiries to Andrew Johnson
With respect to the price range it is +GST if applicable.
This is an opportunity to own a property that has great potential for the future and has an existing mixed use business (i.e. a going concern), a clothing shop (i.e. new tenant & a going concern) and has a residential house behind the two shops.
Great Future Development Potential (STCA), initial plans considered by Vendor for 3 Townhouses (ie. 1 x 3Bed & 2 x 2Bed), but lots of potential to explore your own plans and vision.
Mixed Use Business is a going concern with the tenant in the process of negotiating a new lease with the owner
Clothing Shop (i.e. 3 year new tenancy commencement date 01/04/2021, further terms 2 x 3 years).
Residential House - Master Bedroom with ensuite (Spa Bath, Shower & WC) & WIR, Open Kitchen, Dining area & Lounge, additional small lounge, 3 Bedrooms with BIR, 5th Bed/Office off dining area, Bathroom (i.e. Shower, bath & WC), separate laundry, 2 Car Lock up Garage.
Approximately 1854m2 Land
Buildings Areas approx. are the Shop 240.2m2, Clothing Shop 65.3m2 & Dwelling 160.2m2
Frontage: 27.39m
Depth: 50.29m/irregular
Property Code: 11
Property History for 1/407 Humffray St N, Brown Hill, VIC 3350
- 28 Jun 2023Sold for $1,760,000
- 05 Jul 2021Listed for Sale $1,637,000 to $1,800,070
- 26 Mar 2018Listed for Sale Not Disclosed
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0About Brown Hill 3350
The size of Brown Hill is approximately 8.0 square kilometres. There are 7 parks, covering nearly 12.3% of the total area. The population of Brown Hill in 2016 was 3582 people. By 2021 the population was 4489 showing a population growth of 25.3% in the area during that time. The predominant age group in Brown Hill is 30-39 years. Households in Brown Hill are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brown Hill work in a professional occupation.In 2021, 73.50% of the homes in Brown Hill were owner-occupied compared with 70.90% in 2016.
Brown Hill has 2,634 properties. Over the last 5 years, Houses in Brown Hill have seen a 17.33% increase in median value, while Units have seen a 27.86% increase. As at 30 June 2026:
- The median value for Houses in Brown Hill is $743,528 while the median value for Units is $460,280.
- Houses have a median rent of $450 while Units have a median rent of $395.
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