1 Westgarth StreetNorthcote VIC 3070
Property Details for 1 Westgarth St, Northcote
Last Listing description (March 2018)
City fringe block of apartments- fully leased
Located in the thriving city fringe suburb of Northcote, this fully leased block of apartments is the perfect investment with potential to reposition or develop a premium residential complex (STCA).
- Apartment block comprising 9 apartments with on-site car parking
- Currently returning $144,168 p.a approx.
- Potential to sub-divide and sell down or further refurbish to unlock enhanced value
- Total land area of 930 sqm approx.
- Inherent land value with enormous potential to develop a premium residential complex on expiry of leases (STCA)
- Meters to Merri Creek Reserve and park surrounds, ideal for the avid walker, runner, or cyclist
- Dennis train station is located within minutes of the property providing perfect connectivity to the CBD
- Surrounded by an abundance of bustling cafes and restaurants
- Northcote is one of Melbourne's trendiest suburbs and has experienced phenomenal house price growth, with a median house price now over $1,350,000 (source REIV)
For further information or to discuss the opportunity in detail, please contact Knight Frank directly.
Property History for 1 Westgarth St, Northcote, VIC 3070
- 28 Dec 2017Listed for Sale Not Disclosed
- 27 Feb 2011Listed for Sale Not Disclosed
- 27 Feb 2010Sold for $690,000
Recent sales nearby
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0About 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 14,373 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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