21 Macedon Road, Templestowe Lower, VIC 3107 | Property Value & History | OnTheHouse
 
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21 Macedon Road
Templestowe Lower VIC 3107

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 149m2
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Property Details for 21 Macedon Rd, Templestowe Lower

Building Type
Commercial
Land Size
149m2
Local Government
Manningham
Lot/Plan
25/LP41451

Last Listing description (January 2022)

Hudson Bond Commercial is delighted to have the exclusive privilege of offering for sale this prized freehold retail investment located at 21 Macedon Rd, Templestowe Lower.

+ Fully Leased to high-quality tenants on long term leases

+ Net annual income of $108,150* + GST + Outgoings (*April 2022)

+ Set and forget investment over two tenancies

+ Newly renovated 252 sqm approx. retail area on a Commercial 1 zone

+ Rear Lane Access to Dual Tenancies with Single Car Park

+ Macedon Square/Plaza is one of Manningham's most vibrant and tightly held retail shopping precinct

+ Direct access to over 130 public car parks fronting the premises providing convenient customer/staff parking

+ Located ~13 km east of the Melbourne CBD, with a Median House Price of $1,445,000 in Templestowe Lower

+ Superb Macedon Square retail position combined with major retailers, Aldi, Woolworths, Caltex, Subway, Hunky Dory as well as the ever-busy McDonald's/Manningham Medical Centre Junction

For further information or to arrange an inspection, please contact the Hudson Bond Commercial Team today.

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Property History for 21 Macedon Rd, Templestowe Lower, VIC 3107

A timeline of how this property has performed in the market
Last Sold
$2,750,000
10 Jan 2022
Listed for Rent
$287/w
29 Sep 2020
  • 10 Jan 2022
    Sold for $2,750,000
  • 16 Nov 2021
    Listed for Sale $2,800,000
  • 29 Jul 2020
    Listed for Rent - Price not available
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About Templestowe Lower 3107

The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2016 was 13429 people. By 2021 the population was 14098 showing a population growth of 5.0% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation.In 2021, 80.00% of the homes in Templestowe Lower were owner-occupied compared with 80.00% in 2016.

Templestowe Lower has 6,562 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 21.41% increase in median value, while Units have seen a 18.59% increase. As at 31 December 2025:

  • The median value for Houses in Templestowe Lower is $1,423,805 while the median value for Units is $981,408.
  • Houses have a median rent of $720 while Units have a median rent of $690.
There are currently 23 properties listed for sale, and 10 properties listed for rent in Templestowe lower on OnTheHouse. According to Cotality's data, 378 properties were sold in the past 12 months in Templestowe lower.

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