53 Murrumbeena RoadMurrumbeena VIC 3163
Property Details for 53 Murrumbeena Rd, Murrumbeena
Last Listing description (February 2020)
Live and work in the revitalised centre of Murrumbeena thanks to this attractive retail property on the main thoroughfare. Offering a commercial space of 138.8sqm (approx.) plus a light-filled 2-BR apartment, this is an exciting opportunity to either realise the goal of a profitable venture or instead capitalize on its strong secure potential as a long term investment. Metres to the railway station with a broad frontage, the shop is currently used as a beauty salon but could easily adapt to your purpose. Separately zoned on another level, the abode offers two spacious bedrooms with robes along with a living area, bright well-equipped kitchen and laundry, whilst a bathroom, split system heating & cooling and two on-site car spaces are also included.
With improved traffic flow thanks to the completed sky rail works, rejuvenated parklands and great cafes, this is a high exposure opportunity in a vibrant and burgeoning locale.
Property History for 53 Murrumbeena Rd, Murrumbeena, VIC 3163
- 24 Oct 2019Sold for $720,500
- 02 May 2019Listed for Sale Not Disclosed
- 09 Jul 2008Sold for $620,000
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About Murrumbeena 3163
The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2016 was 9926 people. By 2021 the population was 9996 showing a population growth of 0.7% in the area during that time. The predominant age group in Murrumbeena is 30-39 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation.In 2021, 61.60% of the homes in Murrumbeena were owner-occupied compared with 59.50% in 2016.
Murrumbeena has 5,766 properties. Over the last 5 years, Houses in Murrumbeena have seen a 16.19% increase in median value, while Units have seen a 1.13% increase. As at 31 December 2025:
- The median value for Houses in Murrumbeena is $1,703,984 while the median value for Units is $620,732.
- Houses have a median rent of $680 while Units have a median rent of $500.
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