229 Lower Heidelberg Road, Ivanhoe East, VIC 3079 | Property Value & History | OnTheHouse
OFF MARKET

229 Lower Heidelberg Road
Ivanhoe East VIC 3079

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 418m2
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Property Details for 229 Lower Heidelberg Rd, Ivanhoe East

Building Type
Commercial
Land Size
418m2
Local Government
Banyule

Last Listing description (December 2021)

SOLD by Miles Real Estate.
(Four Income Streams on Substantial Allotment)
Perfectly situated in the heart of Ivanhoe East's boutique yet dynamic commercial precinct, is this Commercial 1 zoned site offering flexibility to continue to enjoy an income from multiple tenancies, or to further enhance in the short to medium term.

- Two retail shops and two 3 bedroom apartments built in 2000
- Current total income approximately $105,000 per annum, with potential rental growth
- Total Land Area: 415 sq. metres (approx.)
- Rear right-of-way provides access to on-site parking for 8 cars
- Directly opposite Foodworks and surrounded by a vibrant tenancy mix including Bendigo Bank, various fashion boutiques and cafes & restaurants
- Minutes to Eastern Freeway and 8kms North-East of Melbourne's CBD
- Information Memorandum available upon request
- 10% deposit, balance 30/60/90 days

For further details or to inspect contact:
Paul Evans 0408 144 181
Jonathan Rizzo 0404 125 846

Property History for 229 Lower Heidelberg Rd, Ivanhoe East, VIC 3079

A timeline of how this property has performed in the market
  • 15 Oct 2021
    Listed for Sale Under Offer
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About Ivanhoe East 3079

The size of Ivanhoe East is approximately 2.1 square kilometres. It has 4 parks covering nearly 27.1% of total area. The population of Ivanhoe East in 2016 was 3815 people. By 2021 the population was 3762 showing a population decline of 1.4% in the area during that time. The predominant age group in Ivanhoe East is 50-59 years. Households in Ivanhoe East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ivanhoe East work in a professional occupation.In 2021, 78.50% of the homes in Ivanhoe East were owner-occupied compared with 78.20% in 2016.

Ivanhoe East has 2,025 properties. Over the last 5 years, Houses in Ivanhoe East have seen a 29.85% increase in median value, while Units have seen a 42.35% increase. As at 31 December 2025:

  • The median value for Houses in Ivanhoe East is $2,577,118 while the median value for Units is $1,031,771.
  • Houses have a median rent of $795 while Units have a median rent of $580.
There are currently no properties listed for sale, and no properties listed for rent in Ivanhoe east on OnTheHouse. According to Cotality's data, 93 properties were sold in the past 12 months in Ivanhoe east.

Suburb Insights for Ivanhoe East 3079

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Cotality Copyright and Legal Disclaimers about Property Data
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.