3/122 Para Road, Montmorency, VIC 3094 sold on 26 February 2025 | OnTheHouse
 
SOLD
Sold on 26 Feb 2025 for $170,000

3/122 Para Road
Montmorency VIC 3094

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 55m2
Land area: 741m2
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Property Details for 3/122 Para Rd, Montmorency

Building Type
Commercial
Floor Size
55m2
Land Size
741m2
Local Government
Banyule
Lot/Plan
2/RP16114

Last Listing description (May 2021)

This neat and tidy office/medical suite will suit the small investor just starting out. With a new lease just commenced on 12th January 2019 for 2 years plus further 2 options running until January 2024 makes this a wise choice investment. The starting rent is $955 per calendar month with CPI annually and market increases at end of the terms. Suite size is approximately 53 sm. Call Lars any time for further information on 0400204636 or 94607422.

Property History for 3/122 Para Rd, Montmorency, VIC 3094

A timeline of how this property has performed in the market
Last Sold
$170,000
26 Feb 2025
Listed for Rent
$239/w
05 Oct 2018
  • 26 Feb 2025
    Sold for $170,000
  • 06 Feb 2025
    Sold for $250,000
  • 27 Aug 2019
    Listed for Sale Price Revised
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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 24.72% increase in median value, while Units have seen a 24.07% increase. As at 30 November 2025:

  • The median value for Houses in Montmorency is $1,228,378 while the median value for Units is $851,577.
  • Houses have a median rent of $680 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Montmorency on OnTheHouse. According to Cotality's data, 196 properties were sold in the past 12 months in Montmorency.

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Darren Jones Real Estate
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