5 Washington StreetSt Albans VIC 3021
Property Details for 5 Washington St, St Albans
Last Listing description (March 2023)
Harcourts West Real Estate presents a rare find for serious buyers. This 2-bedroom, 1-bathroom home boasts an enormous 838 sqm block with limitless potential. With its prime location and development opportunity, this property is a must-see for builders, developers, and savvy investors. Don't miss out on this exceptional investment of a lifetime!
1. Lucrative Investment in Prime Location: Live in or Rent Out. This prized property in a superb location offers both immediate and long-term benefits. Live in or rent out straight away with the assurance of a lucrative redevelopment proposition in the future.
2. Subdivide and Maximize Potential. This huge block offers the option to subdivide and build additional townhouses while retaining the current home (9.1 driveway width).
Additional Features: split-system air-conditioning, hardwood flooring, an abundance of fruit trees, and much more!
Convenient Location: Near Brimbank Shopping Centre, St Albans Market Place, Cairnlea Shopping Centre, Sunshine Hospital, Victoria University, childcare, parks, public transport, and easy access to the Western Ring Road.
Property History for 5 Washington St, St Albans, VIC 3021
- 25 Feb 2023Sold for $662,000
- 01 Feb 2023Listed for Sale SOLD
Recent sales nearby
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0About St Albans 3021
The size of St Albans is approximately 13.0 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2016 was 37309 people. By 2021 the population was 38042 showing a population growth of 2.0% in the area during that time. The predominant age group in St Albans is 20-29 years. Households in St Albans are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation.In 2021, 59.10% of the homes in St Albans were owner-occupied compared with 60.50% in 2016.
St Albans has 17,229 properties. Over the last 5 years, Houses in St Albans have seen a 14.27% increase in median value, while Units have seen a 16.86% increase. As at 31 March 2026:
- The median value for Houses in St Albans is $740,291 while the median value for Units is $542,592.
- Houses have a median rent of $480 while Units have a median rent of $450.
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