122 Para RoadMontmorency VIC 3094
Property Details for 122 Para Rd, Montmorency
Last Listing description (May 2021)
Start to build your investment portfolio with this office suite already tenanted to good established tenant. The smaller office is approximately 31 sm in size with an accessory unit of 12sm [storage] and returns $643.85 per month plus outgoings.Leased for 4 by 12 month terms,commenced July 2018. It also includes two car spots. Zoning is; NRZ 3,[Neighborhood Residential Zone-Schedule 3].
Call Lars anytime on 0400204636 or 94607422 for further information.
Property History for 122 Para Rd, Montmorency, VIC 3094
- 26 Jul 2025Sold for $308,000
- 26 Feb 2025Sold for $170,000
- 06 Feb 2025Sold for $250,000
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About Montmorency 3094
The size of Montmorency is approximately 3.8 square kilometres. It has 18 parks covering nearly 7.1% of total area. The population of Montmorency in 2016 was 8960 people. By 2021 the population was 9250 showing a population growth of 3.2% in the area during that time. The predominant age group in Montmorency is 40-49 years. Households in Montmorency are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montmorency work in a professional occupation.In 2021, 81.00% of the homes in Montmorency were owner-occupied compared with 80.20% in 2016.
Montmorency has 4,563 properties. Over the last 5 years, Houses in Montmorency have seen a 22.75% increase in median value, while Units have seen a 22.74% increase. As at 31 January 2026:
- The median value for Houses in Montmorency is $1,217,342 while the median value for Units is $830,892.
- Houses have a median rent of $695 while Units have a median rent of $550.
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