187 Upper Heidelberg Road, Ivanhoe, VIC 3079 | Property Value & History | OnTheHouse
 
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187 Upper Heidelberg Road
Ivanhoe VIC 3079

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 16 Feb 2026
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Property Details for 187 Upper Heidelberg Rd, Ivanhoe

187 Upper Heidelberg Rd, Ivanhoe is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1980
Local Government
Banyule
Lot/Plan
2/TP429509

Last Listing description (April 2022)

ESTABLISHED TENANT, PROPERTY, AND FUTURE

POINT OF INTEREST:
This is a hybrid property and unique offer that has something for every type of buyer, but not every buyer will get the chance to seize it. This versatile site in the heart of the tightly held Upper Heidelberg Road retail strip offers a ground floor restaurant with complete kitchen, accompanying amenities and clear street signage. The first floor includes a separate street entry, lounge space, two bedrooms, another kitchen and amenities which could lend itself to a potential office space. Weve saved the best for last, as the current tenant has been thriving in this spot for the past four years and has happily signed on for another five-year lease, rolling over in April. What more could a property offer?

- 208 sqm* building area.

- 204 sqm* landarea.
- Commercial 1 zoning.
- 2 car spaces on site.
- Split system air conditioning.
- Tenanted by Tann for four years.
- New five-year lease commencing 1 April 2022.
- Rental $60,000 plus Outgoings.
- 8.85 km* from Melbourne CBD.

POINT OF VIEW:
Youve heard the term set-and-forget, well this is set-and-forget-and-earn. If your portfolio could benefit from a minimum-fuss, maximum-gain asset, or youre looking to store some cash before eventually taking your business to the streets, this is it. And it wont wait.

*Approx.
Pricing excludes GST

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Property History for 187 Upper Heidelberg Rd, Ivanhoe, VIC 3079

A timeline of how this property has performed in the market
Last Sold
$1,851,000
13 Apr 2022
  • 13 Apr 2022
    Sold - Price Undisclosed
  • 08 Mar 2022
    Listed for Sale Contact Agent
  • 18 Jul 2012
    Listed for Rent $290 per week
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About Ivanhoe 3079

The size of Ivanhoe is approximately 5.5 square kilometres. It has 18 parks covering nearly 21.1% of total area. The population of Ivanhoe in 2016 was 12171 people. By 2021 the population was 13374 showing a population growth of 9.9% in the area during that time. The predominant age group in Ivanhoe is 30-39 years. Households in Ivanhoe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe work in a professional occupation.In 2021, 65.10% of the homes in Ivanhoe were owner-occupied compared with 66.70% in 2016.

Ivanhoe has 8,354 properties. Over the last 5 years, Houses in Ivanhoe have seen a 22.58% increase in median value, while Units have seen a 5.12% increase. As at 31 January 2026:

  • The median value for Houses in Ivanhoe is $1,998,003 while the median value for Units is $737,096.
  • Houses have a median rent of $700 while Units have a median rent of $575.
There are currently 12 properties listed for sale, and 10 properties listed for rent in Ivanhoe on OnTheHouse. According to Cotality's data, 358 properties were sold in the past 12 months in Ivanhoe.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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