61 Chandler Road, Noble Park, VIC 3174 | Property Value & History | OnTheHouse
OFF MARKET

61 Chandler Road
Noble Park VIC 3174

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1208m2
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Property Details for 61 Chandler Rd, Noble Park

Building Type
Unknown
Land Size
1208m2
Local Government
Greater Dandenong
Lot/Plan
PC379048

Last Listing description (May 2021)

+ Secure 20 year Net Lease to Story House Early Learning to 2041
+ Three further five year options to 2056
+ Story House Early Learning: experienced early education provider with a network of 37 centres nationally

+ Tenant pays all usual outgoings including land tax (single holding basis)
+ Desirable 3% annual rent increases with market reviews at the commencement of each further term
+ Impressive double storey child care facility, licensed for 92 LDC places
+ Near new construction with significant depreciation benefits
+ Strategic main road position, 600 metres from the Princes Highway/Eastlink Junction and 25km from the Melbourne CBD
+ Situated within significant education precinct (18 schools within a 3km radius)
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $322,089 pa + GST and Outgoings

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

Property History for 61 Chandler Rd, Noble Park, VIC 3174

A timeline of how this property has performed in the market
Last Sold
$6,742,000
12 May 2021
  • 12 May 2021
    Sold for $6,742,000
  • 13 Apr 2021
    Listed for Sale Price on Request
  • 25 May 2020
    Listed for Sale Price on Request
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About Noble Park 3174

The size of Noble Park is approximately 8.6 square kilometres. There are 22 parks, covering nearly 6.0% of the total area. The population of Noble Park in 2016 was 30998 people. By 2021 the population was 32257 showing a population growth of 4.1% in the area during that time. The predominant age group in Noble Park is 30-39 years. Households in Noble Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Noble Park work in a labourer occupation.In 2021, 56.30% of the homes in Noble Park were owner-occupied compared with 54.90% in 2016.

Noble Park has 15,620 properties. Over the last 5 years, Houses in Noble Park have seen a 11.33% increase in median value, while Units have seen a 20.94% increase. As at 30 April 2026:

  • The median value for Houses in Noble Park is $831,650 while the median value for Units is $574,007.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 56 properties listed for sale, and 28 properties listed for rent in Noble park on OnTheHouse. According to Cotality's data, 618 properties were sold in the past 12 months in Noble park.

Suburb Insights for Noble Park 3174

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.