287 Grimshaw StreetWatsonia VIC 3087
Property Details for 287 Grimshaw St, Watsonia
287 Grimshaw St, Watsonia is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 378m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in April 2025.
Last Listing description (August 2025)
Perfectly positioned on a 378m² (approx.) corner allotment, this unique property presents an outstanding opportunity for first-home buyers, investors, or developers alike. Located just moments from the vibrant Watsonia Road shopping precinct, train station, and bus services along Grimshaw Street, convenience is at your doorstep. Plus, with easy access to Greensborough Plaza and the upcoming North East Link, future growth is assured.
Retaining its original red brick charm, the home has been cleverly divided into two separate residences, each currently tenanted and generating a combined rental income of $2,713 per month. Ideal for those seeking a solid investment, the existing setup offers flexibility and strong returns. For those looking to occupy, the property provides exceptional accommodation, featuring 2 bedrooms, two bathrooms, two kitchens, and a lock up garage plus off street parking. Whether you choose to maintain its dual-income potential, renovate to occupy or explore development possibilities (STCA), this is a rare find in a highly sought-after location.
Land size: 378m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60 days
Rental assessment: Currently leased at $2713 pcm
Property History for 287 Grimshaw St, Watsonia, VIC 3087
- 26 Apr 2025Sold for $677,000
- 01 Apr 2025Listed for Sale $620,000 - $680,000
- 14 Oct 2024Listed for Rent $405 / week
Recent sales nearby
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About Watsonia 3087
The size of Watsonia is approximately 2.3 square kilometres. There are 8 parks, covering nearly 10.0% of the total area. The population of Watsonia in 2016 was 5214 people. By 2021 the population was 5352 showing a population growth of 2.6% in the area during that time. The predominant age group in Watsonia is 30-39 years. Households in Watsonia are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Watsonia work in a professional occupation.In 2021, 68.20% of the homes in Watsonia were owner-occupied compared with 67.90% in 2016.
Watsonia has 2,750 properties. Over the last 5 years, Houses in Watsonia have seen a 12.71% increase in median value, while Units have seen a 5.11% increase. As at 30 April 2026:
- The median value for Houses in Watsonia is $1,010,127 while the median value for Units is $701,900.
- Houses have a median rent of $580 while Units have a median rent of $565.
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