259 Sheffield RoadMontrose VIC 3765
Property Details for 259 Sheffield Rd, Montrose
Last Listing description (February 2023)
Don't miss this unique opportunity! Located in the highly sought-after Sheffield Rd precinct, this beautiful 8.4 acre parcel of land is looking for a new owner. The current family have owned the property for over 50 years and it's time to move on. Set amongst gorgeous surrounds, the original 3 bedroom home requires major renovating (STCA) and TLC. Overlooking paddocks towards the Bungalook Creek, there's plenty of space to update and improve the current dwelling (STCA). The well equipped garage and accommodation is ideal as a base while updating the main home. For the horse lover or those seeking a relaxed and peaceful lifestyle, the property is ideal. Away from the hustle and bustle, there is an abundance of scope to develop this property into a hidden haven. With an amazing outlook towards the Dandenongs and only a stone's throw from Billanook Primary School, this is a rare opportunity!
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Property History for 259 Sheffield Rd, Montrose, VIC 3765
- 13 Oct 2023Sold for $749,999
- 24 Mar 2023Transferred
- 24 Oct 2022Listed for Sale $1,700,000-$1,850,000
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About Montrose 3765
The size of Montrose is approximately 11.1 square kilometres. It has 15 parks covering nearly 26.7% of total area. The population of Montrose in 2016 was 6761 people. By 2021 the population was 6900 showing a population growth of 2.1% in the area during that time. The predominant age group in Montrose is 40-49 years. Households in Montrose are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montrose work in a trades occupation.In 2021, 87.80% of the homes in Montrose were owner-occupied compared with 85.30% in 2016.
Montrose has 2,807 properties. Over the last 5 years, Houses in Montrose have seen a 24.21% increase in median value, while Units have seen a 4.31% increase. As at 31 January 2026:
- The median value for Houses in Montrose is $1,036,388 while the median value for Units is $682,764.
- Houses have a median rent of $655 while Units have a median rent of $445.
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