1 Olive Road, Eumemmerring, VIC 3177 sold on 24 March 2025 | OnTheHouse
 
SOLD
Sold on 24 Mar 2025 for $2,530,000

1 Olive Road
Eumemmerring VIC 3177

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 63m2
Land area: 1665m2
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Property Details for 1 Olive Rd, Eumemmerring

Building Type
Commercial
Year Built
1960
Floor Size
63m2
Land Size
1665m2
Local Government
Casey
Lot/Plan
A/PS543406

Last Listing description (July 2023)

This well maintained block of four two bedroom ground level units have excellent potential and will attract the most discerning investors. Set on a block of 1,060 m2 (approx.), the complex is situated at the end of a no-through road adjoining parkland, sporting facilities and provides excellent vehicle access to car ports for the tenants. Separately titled, the units have updated kitchens, high ceilings, hardwood floors and attracts lots of natural light. Appliances are both electric and gas. The rental return is currently conservative at $60,000 per annum. The property is an ideal addition to your super fund or renovate and sell individually. Check out the location! Around the corner from Monash and Gippsland Freeways and close to the industrial hub of Dandenong/Hallam. Don't miss this rare opportunity to secure your future.

Property History for 1 Olive Rd, Eumemmerring, VIC 3177

A timeline of how this property has performed in the market
Last Sold
$2,530,000
24 Mar 2025
  • 24 Mar 2025
    Sold for $2,530,000
  • 29 Mar 2023
    Listed for Sale $1,350,000-$1,450,000
  • 28 Jun 2017
    Listed for Sale Contact Agent
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About Eumemmerring 3177

The size of Eumemmerring is approximately 1.1 square kilometres. It has 8 parks covering nearly 17.6% of total area. The population of Eumemmerring in 2016 was 1948 people. By 2021 the population was 2285 showing a population growth of 17.3% in the area during that time. The predominant age group in Eumemmerring is 30-39 years. Households in Eumemmerring are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Eumemmerring work in a trades occupation.In 2021, 54.50% of the homes in Eumemmerring were owner-occupied compared with 56.60% in 2016.

Eumemmerring has 1,330 properties. Over the last 5 years, Houses in Eumemmerring have seen a 27.36% increase in median value, while Units have seen a 36.86% increase. As at 30 November 2025:

  • The median value for Houses in Eumemmerring is $691,130 while the median value for Units is $559,688.
  • Houses have a median rent of $530 while Units have a median rent of $510.
There are currently 9 properties listed for sale, and 1 property listed for rent in Eumemmerring on OnTheHouse. According to Cotality's data, 59 properties were sold in the past 12 months in Eumemmerring.

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