405a/1 Colombo St, Mitcham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 3890m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
OPPORTUNITY
This fourth-floor apartment represents a remarkable opportunity for first-time buyers and investors. Its contemporary design and convenient features make it an appealing choice for those eager to enter the property market. With its thoughtful layout and high-quality finishes, this apartment not only offers excellent value but also the potential for a sound investment.
PROPERTY
LOCATION
Nestled in the lively suburb of Mitcham, this apartment enjoys a prime location with a wealth of amenities nearby. Just a short walk from Mitcham station, residents can easily commute to the CBD. Eastlink provides straightforward access to both the city and the Peninsula, facilitating effortless weekend getaways. The nearby Golden Mile shopping strip on Whitehorse Road offers a variety of shopping and dining options, ensuring that all essentials and luxuries are conveniently accessible. This blend of convenience and modern living makes this apartment an exceptionally desirable place to call home.
The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2016 was 16148 people. By 2021 the population was 16795 showing a population growth of 4.0% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation.In 2021, 70.90% of the homes in Mitcham were owner-occupied compared with 69.80% in 2016.
Mitcham has 9,352 properties. Over the last 5 years, Houses in Mitcham have seen a 26.84% increase in median value, while Units have seen a 14.98% increase. As at 31 December 2025:
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