11 Lancewood AvenueHeidelberg West VIC 3081
Property Details for 11 Lancewood Ave, Heidelberg West
11 Lancewood Ave, Heidelberg West is a 1 bedroom, 0 bathroom House. The property has a land size of 591m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (November 2023)
Aston Commercial are pleased to offer 11 Lancewood Avenue, Heidelberg West For Sale by Expressions of Interest closing on Wednesday 1st November at 3pm.
Key property attributes include:
Securely leased to registered NDIS provider
Three (3) year lease - commenced April 2023
One (1) further term of three (3) years
4% annual increases
Nine (9) fully self-contained rooms with high quality amenities
Total land area of 591 sqm*
Excellent depreciation benefits
Low-maintenance, high-yielding investment opportunity
Brand new, purpose built rooming house facility
This rare, brand-new rooming house comprises 9 fully self-contained bedrooms and benefits from a secure lease to a nationally registered NDIS provider.
Rooming house investments present one of the most in-demand and sought after assets in the market and are due to be strengthened by the lack of available residential accommodation that offers immediate proximity to the CBD.
Contact the agents from Aston Commercial to discuss this opportunity further.
Property History for 11 Lancewood Ave, Heidelberg West, VIC 3081
- 28 Oct 2023Sold for $1,880,000
- 03 Oct 2023Listed for Sale Contact Agent
- 28 Feb 2023Listed for Rent - Price not available
Recent sales nearby
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0About Heidelberg West 3081
The size of Heidelberg West is approximately 3.2 square kilometres. There are 9 parks, covering nearly 14.1% of the total area. The population of Heidelberg West in 2016 was 5545 people. By 2021 the population was 5252 showing a population decline of 5.3% in the area during that time. The predominant age group in Heidelberg West is 30-39 years. Households in Heidelberg West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg West work in a professional occupation.In 2021, 42.40% of the homes in Heidelberg West were owner-occupied compared with 37.90% in 2016.
Heidelberg West has 4,323 properties. Over the last 5 years, Houses in Heidelberg West have seen a -2.32% decrease in median value, while Units have seen a 3.28% increase. As at 31 July 2026:
- The median value for Houses in Heidelberg West is $858,018 while the median value for Units is $704,170.
- Houses have a median rent of $550 while Units have a median rent of $610.
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