25 Elizabeth StreetCoburg VIC 3058
Property Details for 25 Elizabeth St, Coburg
25 Elizabeth St, Coburg is a 2 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 1149m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (July 2022)
Save time & money with architect plans and Cultural heritage approval ready to go for 3 double storey dwellings. The time invested by my vendor to obtain the Cultural Heritage Plan approval was approx. 3 years and cost nearly $70,000. The cost absorbed by my vendor for Architectural plans for 3 double story dwellings was approx. $20,000.
If you are a developer, enjoy a total saving of $90,000 and time saving of 3 years to get to this stage. While you await final approval you have a steady rental income of $1,400 per month to help with your holding costs with a very stable & accommodating long term tenant on a month-to-month lease who is happy to continue with the new vendor.
Points of interest, the rear townhouse has been designed for reverse living (upstairs kitchen/dining/living) to ensure you maximise your exclusive waterfront view which you own 50% (East side of Merri Creek 15 meters across-as per title) & sweeping views of Merri Creek trail & De Chene Reserve. This rear townhouse is sitting on approx. 500 sqm of land with private waterfront views. Proximity to Coburg market & vibrant Sydney Rd Retail precinct, 15 min to airport and only 7km from the CBD.
EXECUTIVE SUMMARY
-1225 SQM LAND (APPROX.)
-OWNERSHIP 50% OF MERRI CREEK (EAST SIDE SPANNING APPROX 15M ACROSS)
-CULTURAL HERITAGE MGT PLAN APPROVED (COST APPROX $70,000 & 3 YEARS TO APPROVE)
-ARCHIECTURAL PLANS COST $20,000 FOR 3 DOUBLE STOREY DWELLINGS
-CURRENTLY TENATED $1,400 MONTHLY/LONG TERM STABLE MONTH-BY-MONTH TENANT
Due diligence checklist - http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 25 Elizabeth St, Coburg, VIC 3058
- 11 Jul 2022Sold for $1,400,000
- 03 Jun 2022Listed for Sale Private Sale $1.4mil-$1.54mil
- 01 Feb 2016Listed for Rent - Price not available
Recent sales nearby
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0About Coburg 3058
The size of Coburg is approximately 7.0 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2016 was 26185 people. By 2021 the population was 26574 showing a population growth of 1.5% in the area during that time. The predominant age group in Coburg is 30-39 years. Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation.In 2021, 64.30% of the homes in Coburg were owner-occupied compared with 62.80% in 2016.
Coburg has 15,017 properties. Over the last 5 years, Houses in Coburg have seen a 21.41% increase in median value, while Units have seen a 14.91% increase. As at 31 December 2025:
- The median value for Houses in Coburg is $1,301,225 while the median value for Units is $659,339.
- Houses have a median rent of $695 while Units have a median rent of $560.
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