5/49 Sherwood AvenueChelsea VIC 3196
Property Details for 5/49 Sherwood Ave, Chelsea
5/49 Sherwood Ave, Chelsea is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 196m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (October 2022)
Start your property journey in style or simply invest with confidence thanks to this beautifully presented 2-bedroom unit which is primed for immediate enjoyment and ready to love.
With a generous 205sqm (approx.) on title and the potential to extend (STCA ), the home's interiors have been smartly updated and include a spacious open plan living/dining room, well-equipped contemporary kitchen with quality stainless steel appliances & stone benchtops plus a sleek fully-tiled bathroom with separate WC and room for laundry appliances.
Built-in robes star in both of the large bedrooms whilst amongst the unit's standout features are split system heating/cooling, floating timber laminate flooring, low maintenance yard with garden shed plus carport parking.
This easy-care unit is an offering with huge buyer appeal, providing investors with a gross potential yield of 3.5% (Chelsea average gross 3.2%), it is also a great entry level property for first home buyers (with no stamp duty applicable on purchases under $600,000). Busy professionals will relish the unit's proximity to the station (approx. 600m), bus stops and Chelsea's main shopping strip, whilst small families will love being within walking distance of the beach, Bicentennial Park and Chelsea Primary School.
For all enquiries please contact Jeff Cowan 0407 552 430 Hodges Mentone/Chelsea.
Property History for 5/49 Sherwood Ave, Chelsea, VIC 3196
- 23 Oct 2022Sold for $480,000
- 28 Jul 2022Listed for Sale UNDER CONTRACT
- 16 Sep 2021Listed for Rent $360 / week
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About Chelsea 3196
The size of Chelsea is approximately 2.6 square kilometres. There are 6 parks, covering nearly 13.8% of the total area. The population of Chelsea in 2016 was 7773 people. By 2021 the population was 8347 showing a population growth of 7.4% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation.In 2021, 65.10% of the homes in Chelsea were owner-occupied compared with 63.20% in 2016.
Chelsea has 5,080 properties. Over the last 5 years, Houses in Chelsea have seen a -4.04% decrease in median value, while Units have seen a 6.10% increase. As at 31 July 2026:
- The median value for Houses in Chelsea is $1,161,160 while the median value for Units is $734,277.
- Houses have a median rent of $715 while Units have a median rent of $575.
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