1057 Riversdale Road, Surrey Hills, VIC 3127 | Property Value & History | OnTheHouse
OFF MARKET

1057 Riversdale Road
Surrey Hills VIC 3127

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 302m2
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Property Details for 1057 Riversdale Rd, Surrey Hills

Building Type
Commercial
Land Size
302m2
Local Government
Whitehorse
Lot/Plan
1/LP18279

Last Listing description (November 2021)

Single Level Shop & Dwelling

Ideal investment or future renovation or new home site (STCA).


Situated high on the hill with potential views to the city and overlooking Wattle Park

Building Area: 110 sqm approx

Land Area: 300 sqm approx (6.1m x 50m)

Comprising: Shop leased as Milkbar
3 Bedroom dwelling
Kitchen
Bathroom
Rear Carpark

Zoned Commercial 1

Located in prestigious Surrey Hills opposite Wattle Park with a median 3 bedroom house price of $1,740,000.

Ideal for the astute investor or future renovation/re-development (s.t.c.a.) offering excellent rear access.

Currently Leased until August 2022 on a Five (5) Year lease that commenced 29/08/2017 with no further options.

Rent: $33,100.08 per annum increasing to $34,093.00 in August 2021.

Outgoings 100% payable by tenant.

Additional Income from the sign on the side of the building returning $2,052.88 per annum

Total building income $35,152.96 per annum increasing to $36,145.88 per annum in August 2021.

Property History for 1057 Riversdale Rd, Surrey Hills, VIC 3127

A timeline of how this property has performed in the market
Last Sold
$962,500
22 Nov 2021
  • 22 Nov 2021
    Sold for $962,500
  • 11 Mar 2021
    Listed for Sale $975,000
  • 26 May 2007
    Sold for $515,000
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About Surrey Hills 3127

The size of Surrey Hills is approximately 4.4 square kilometres. There are 13 parks, covering nearly 3.4% of the total area. The population of Surrey Hills in 2016 was 13605 people. By 2021 the population was 13655 showing a population growth of 0.4% in the area during that time. The predominant age group in Surrey Hills is 50-59 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation.In 2021, 76.50% of the homes in Surrey Hills were owner-occupied compared with 76.30% in 2016.

Surrey Hills has 7,006 properties. Over the last 5 years, Houses in Surrey Hills have seen a -8.45% decrease in median value, while Units have seen a 2.02% increase. As at 30 June 2026:

  • The median value for Houses in Surrey Hills is $2,102,003 while the median value for Units is $917,675.
  • Houses have a median rent of $900 while Units have a median rent of $625.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Surrey hills on OnTheHouse. According to Cotality's data, 301 properties were sold in the past 12 months in Surrey hills.

Suburb Insights for Surrey Hills 3127

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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.