1-8/55 Mitchell StreetNorthcote VIC 3070
Property Details for 1-8/55 Mitchell St, Northcote
1-8/55 Mitchell St, Northcote is a 8 bedroom, 8 bathroom Unit. The property has a land size of 668m2.
Last Listing description (March 2025)
Potential for Multi Townhouses (STCA)
Currently - 8 x 1 Bedroom Apartments on One Title
Or supercharge your investment portfolio, get the most out of your super, make the most of the family trust with this terrific complex of eight apartments with frontage to Mitchell St and two frontages to ROW's totaling 668m2 allotment (approx.) that promises a regular low fuss income.
Perfectly positioned just moments stroll from all the delights of High Street and transportation. Each apartment has had works done to them over recent years and offer one generous bedroom, large separate living room, central bathroom, kitchen meals area and 2 x communal laundry facilities.
Currently all securely tenanted returning $134,000 (approx.) PA and there is scope over time to increase rental income, even more so after further cosmetic refurbishment.
Alternatively, you may wish to redevelop the entire block and strata title each apartment for maximum return.
For further information please call Belle Property Blackburn.
Property History for 1-8/55 Mitchell St, Northcote, VIC 3070
- 13 Jan 2025Listed for Sale SOLD | Belle Property Blackburn
- 22 Nov 2023Listed for Sale $2,950,000 - $3,200,000
Recent sales nearby
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About Northcote 3070
The size of Northcote is approximately 6.0 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Northcote in 2016 was 24561 people. By 2021 the population was 25276 showing a population growth of 2.9% in the area during that time. The predominant age group in Northcote is 30-39 years. Households in Northcote are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Northcote work in a professional occupation.In 2021, 60.30% of the homes in Northcote were owner-occupied compared with 58.60% in 2016.
Northcote has 14,374 properties. Over the last 5 years, Houses in Northcote have seen a 18.23% increase in median value, while Units have seen a 10.77% increase. As at 31 December 2025:
- The median value for Houses in Northcote is $1,803,786 while the median value for Units is $693,959.
- Houses have a median rent of $750 while Units have a median rent of $555.
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