2 Neilsen CrescentBundoora VIC 3083
Property Details for 2 Neilsen Cres, Bundoora
Last Listing description (December 2024)
Let Your Imagination Run Wild as You Plan Your Project
Presenting a spacious corner block of approximately 613 sqm at the intersection of Neilsen Crescent and Norris Crescent in Bundoora, this property offers a world of possibilities. Whether you're considering future development, a shop extension (STCA), or envisioning your dream project, business, or family home, this versatile hybrid residential/shop combination is ready to accommodate your every need (STCA).
Conveniently located just moments from Bundoora Square shopping center, the property provides effortless access to nearby schools, parks (Darebin Creek), bus routes along Settlement Rd, and Tram 86 on Plenty Road. Enjoy the close proximity to RMIT University and La Trobe University.
With ample land surrounding the home and 3 car spaces on title, this property is perfectly suited for a variety of business ventures (STCA). If you've been waiting for something out of the ordinary or the ideal place to start your project, this standout opportunity should not be missed. Secure this rare, land-rich corner and unleash its potential for future growth or owner occupation!
Land size: 613 m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60/90 days or by agreement
House Rental Assessment: $450-$500 per week (approx)
Shop Rental Assessment: $28,000 per annum + outgoings + GST (approx)
** Please note the concept sketches are preliminary concepts intended to inspire creative ideas and explore potential possibilities only. They are not finalized designs and are subject to Council approval (STCA). ***
Estimated Sale & Rental Appraisal:
CASE SCENARIO 1 (2 dwellings)
Unit 1 - 312sqm land &196sqm dwelling
- 4 bedrooms + study
- 2 bathrooms + powder room (1 ensuite + 1 central bathroom)
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $800,000 - $880,000
*Estimated Rental Appraisal: $680 - $720 p/w
Unit 2 - 200sqm land & 226sqm dwelling
- 4 bedrooms + study
- 3 bathrooms + powder room (2 ensuite + 1 central bathroom)
- 2 car garage
*Estimated Sale Appraisal: $840,000 - $930,000
*Estimated Rental Appraisal: $700 - $750 p/w
CASE SCENARIO 2 (3 dwellings)
Unit 1 - 239sqm land & 161sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $730,000 - $800,000
*Estimated Rental Appraisal: $600 - $650 p/w
Unit 2 - 167sqm land & 132sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car garage + 1 extra open car space
*Estimated Sale Appraisal: $700,000 - $770,000
*Estimated Rental Appraisal: $600 - $650 p/w
Unit 3 - 206sqm land &155sqm dwelling
- 3 bedrooms
- 2 bathrooms + powder room
- 1 car carport + 1 extra open car space
*Estimated Sale Appraisal: $680,000 - $750,000
*Estimated Rental Appraisal: $600 - $650 p/w
** Preliminary Build Quotation based on the concept sketches can be provided upon request **
Property History for 2 Neilsen Cres, Bundoora, VIC 3083
- 07 Sep 2024Sold for $705,000
- 31 Jul 2024Listed for Sale Asking $719,000
- 05 Mar 2021Transferred
Recent sales nearby
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0About Bundoora 3083
The size of Bundoora is approximately 17.3 square kilometres. There are 85 parks, covering nearly 31.6% of the total area. The population of Bundoora in 2016 was 28653 people. By 2021 the population was 28068 showing a population decline of 2.0% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation.In 2021, 68.80% of the homes in Bundoora were owner-occupied compared with 68.90% in 2016.
Bundoora has 13,780 properties. Over the last 5 years, Houses in Bundoora have seen a 16.23% increase in median value, while Units have seen a 17.76% increase. As at 30 April 2026:
- The median value for Houses in Bundoora is $953,224 while the median value for Units is $556,669.
- Houses have a median rent of $600 while Units have a median rent of $520.
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