8/741 Whitehorse RoadMont Albert VIC 3127
Property Details for 8/741 Whitehorse Rd, Mont Albert
8/741 Whitehorse Rd, Mont Albert is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 1903m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in August 2019.
Last Listing description (August 2019)
**INVESTORS ONLY**
Located within walking distance to The Box Hill Institute, Box Hill Hospital, Box Hill Central and Box Hill Town Hall, this apartment's location cannot be beaten. With all manner of public transport options such as Trains, Buses and a Tram stop out the front, guests and visitors will have no trouble getting around.
The apartment is spacious and consists of an open plan living/dining room, fully equipped kitchen, a bathroom with laundry facilities, private balcony and a car park on title.
Current Rent: $398 per week -$20,739 pa
Current Return: Return: 6.76% Gross / 6.07% Net
Rent Increases as follows:
September 2019 - $21,569 - 7.06% gross
September 2020- $22,432 - 7.31% gross
September 2021 - $23,329 - 7.61% gross
September 2022 - $24,262 - 7.91% gross
September 2023 - Market Rent Review
Lease Terms: Lease to 28/09/2023 plus 4 x 5 year options
Rent Increases:
4% yearly with market rent reviews every 5 years (next due 2023)
**Refurbishment costs not factored into net yield**
Approximate Owner Outgoings:
Council Rates: $766.95 per annum
Water Rates: $710.82 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $631.47 per annum
Property History for 8/741 Whitehorse Rd, Mont Albert, VIC 3127
- 08 Aug 2019Sold for $306,700
- 25 Jul 2019Listed for Sale Not Disclosed
- 30 Jun 2015Sold for $275,000
Recent sales nearby
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0About Mont Albert 3127
The size of Mont Albert is approximately 1.7 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Mont Albert in 2016 was 4840 people. By 2021 the population was 4948 showing a population growth of 2.2% in the area during that time. The predominant age group in Mont Albert is 50-59 years. Households in Mont Albert are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mont Albert work in a professional occupation.In 2021, 69.60% of the homes in Mont Albert were owner-occupied compared with 70.00% in 2016.
Mont Albert has 2,816 properties. Over the last 5 years, Houses in Mont Albert have seen a -0.11% decrease in median value, while Units have seen a 3.46% increase. As at 30 April 2026:
- The median value for Houses in Mont Albert is $2,238,636 while the median value for Units is $811,147.
- Houses have a median rent of $750 while Units have a median rent of $625.
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