51 Gladstone Parade, Glenroy, VIC 3046 sold on 01 April 2025 | OnTheHouse
 
SOLD
Sold on 01 Apr 2025 for $4,300,000

51 Gladstone Parade
Glenroy VIC 3046

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 507m2
Land area: 1395m2
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Property Details for 51 Gladstone Pde, Glenroy

Building Type
Unknown
Year Built
1950
Floor Size
507m2
Land Size
1395m2
Local Government
Merri-Bek
Lot/Plan
1/LP33936

Last Listing description (May 2022)

+Secure net lease to 2024 plus options to 2054
+Busy Bees: UK-based, with over 850 centres worldwide, including 222 centres in Australia/New Zealand.
+Annual CPI rent reviews.

+Tenant pays all usual outgoings.
+Strong trading business recently acquired by Busy Bees.
+Purpose-built child care facility with service approval for 75 LDC places.
+Strategic 1,395sqm corner site directly opposite Penola College (Junior Campus) and 300 metres from Glenroy West Primary School
+Positioned within Melbourne's established and evolving inner northern suburbs and only 12 kilometres from the CBD.
+Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year*.
+Net Income: $197,947 pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room

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Property History for 51 Gladstone Pde, Glenroy, VIC 3046

A timeline of how this property has performed in the market
Last Sold
$4,300,000
01 Apr 2025
  • 01 Apr 2025
    Sold for $4,300,000
  • 14 Apr 2022
    Listed for Sale Price on Request
  • 06 Apr 2016
    Sold for $3,073,000
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About Glenroy 3046

The size of Glenroy is approximately 8.9 square kilometres. It has 25 parks covering nearly 26.0% of total area. The population of Glenroy in 2016 was 22245 people. By 2021 the population was 23792 showing a population growth of 7.0% in the area during that time. The predominant age group in Glenroy is 30-39 years. Households in Glenroy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenroy work in a professional occupation.In 2021, 59.50% of the homes in Glenroy were owner-occupied compared with 60.20% in 2016.

Glenroy has 12,591 properties. Over the last 5 years, Houses in Glenroy have seen a 20.27% increase in median value, while Units have seen a 13.23% increase. As at 31 October 2025:

  • The median value for Houses in Glenroy is $879,215 while the median value for Units is $612,727.
  • Houses have a median rent of $550 while Units have a median rent of $520.
There are currently 43 properties listed for sale, and 37 properties listed for rent in Glenroy on OnTheHouse. According to Cotality's data, 710 properties were sold in the past 12 months in Glenroy.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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