254/254A Mt Alexander RoadTravancore VIC 3032
Property Details for 254/254a Mt Alexander Rd, Travancore
254/254a Mt Alexander Rd, Travancore is a 2 bedroom, 1 bathroom House. The property has a land size of 243m2.
Last Listing description (July 2024)
Enjoying integrated street frontage in a prominent Travancore location, this impressive retail and residential opportunity is one with amazing amount of upside.
Back two property unit estimated market rent-$31,000 per annum.
Laundromat estimated potential gross takings range from $36,000-$50,000 per annum (weather dependant).
Existing business and machines included.
Occupying a significant Mt Alexander Rd position, in a vibrant and connected retail/commercial strip where convenience meets accessibility, this truly is an incredible asset offering.
Beginning with a bold shopfront currently operating as a coin laundrette, the property is both beautifully presented and versatile.
Head through to conducive rear residential wing where two large bedrooms combine with a large light-filled living space with split-system heating/cooling and classy vintage style bathroom to provide conducive and comfortable accommodation.
The central kitchen has upright gas cooking, a dishwasher and adjoining meals area, while a surprisingly spacious courtyard style backyard has plenty of room to entertain and enjoy a barbecue.
The property may also offer development potential with a 12m building height allowance.
On the door step of Mt Alexander Rd trams, shops, cafes, restaurants and other retail services, close to Flemington Primary School and Mt Alexander College, with great connection to Flemington Bridge Train Station, Flemington Rd, Royal Parade, Citylink and the Melbourne CBD.
Property History for 254/254a Mt Alexander Rd, Travancore, VIC 3032
- 21 Feb 2024Listed for Sale Private Sale $1,200,000
Recent sales nearby
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0About Travancore 3032
The size of Travancore is approximately 0.4 square kilometres. It has 6 parks covering nearly 17.2% of total area. The population of Travancore in 2016 was 2480 people. By 2021 the population was 2116 showing a population decline of 14.7% in the area during that time. The predominant age group in Travancore is 20-29 years. Households in Travancore are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Travancore work in a professional occupation.In 2021, 41.60% of the homes in Travancore were owner-occupied compared with 33.40% in 2016.
Travancore has 1,638 properties. Over the last 5 years, Houses in Travancore have seen a 4.43% increase in median value, while Units have seen a 0.18% increase. As at 31 December 2025:
- The median value for Houses in Travancore is $1,561,552 while the median value for Units is $412,243.
- Houses have a median rent of $570 while Units have a median rent of $525.
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