61 Milne St, Templestowe is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 715m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Parkland positions don't come any finer than this alongside Westerfolds Park, just metres to the Yarra River parklands, this refreshed family home surrounds you in nature's playground. It's a lovely, homely feel inside, with calm neutrals and gorgeous natural light inviting instant relaxation.
Two living spaces flow around the central kitchen, offering the family plenty of everyday living space at the heart of the single level floor plan. There's even a window seat as your personal reading retreat. Modern s/s kitchen appliances, character French windows and polished timber floors enhance the charm of this storybook setting, with a whimsical back deck draped in ornamental grapes adding a touch of Tuscany.
Elegant enhancements include updated bathrooms featuring Travertine look tiling, an open shower in the ensuite, freestanding bath plus a second shower in the family bathroom. Contemporary roller blinds, split system cooling plus central heating add to the creature comforts.
A generous 5-bedroom floor plan and proximity to parkland should also excite investors. Currently tenanted, the 715sqms (approx.) site poses exceptional investment opportunity, with potential to develop down the track (STCA) in this idyllic green wedge along the Yarra River and arguably Templestowe's most idyllic park, close to Templestowe Village and restaurants, Templestowe College and its personalised learning programs (named The Age's 2022 Schools that Excel winner), the 905 bus from The Pines to the city, the renowned Austin Hospital, and an impressive array of private schools including Ivanhoe Grammar, Marcellin College, and Carey.
The size of Templestowe is approximately 16.2 square kilometres. It has 41 parks covering nearly 33.0% of total area. The population of Templestowe in 2016 was 16618 people. By 2021 the population was 16966 showing a population growth of 2.1% in the area during that time. The predominant age group in Templestowe is 50-59 years. Households in Templestowe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Templestowe work in a professional occupation.In 2021, 82.30% of the homes in Templestowe were owner-occupied compared with 83.00% in 2016.
Templestowe has 7,398 properties. Over the last 5 years, Houses in Templestowe have seen a -3.08% decrease in median value, while Units have seen a 12.91% increase. As at 30 April 2026:
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