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Back 66 Albany Drive
Off Market

66 Albany Drive

Mulgrave VIC 3170

3
1
2
509 m²
House
Last sold for $909,868
Michael GanavasMichael Ganavas, last sold this property on 27 February 2023 after 112 days on market.

Overview

Mixed Use Space Investment Opportunity

- Current total rental income approx $42,000 per year. A rare and exciting opportunity to secure a dual income mixed-use property in a residential zone offering a shop front and private dwelling at the rear within few minutes of driving distance to Monash University. Having undergone renovations, both spaces are modern and well-designed with no further work required. Currently established as a popular café with a full kitchen and seating service, yielding a leasing income of $22,000 per year on a 5+5+5 year lease, whilst the 3 bedroom residence, currently leased, could return a healthy rental income of $440 per week. The property can be continued in the current state or convertible into a fully residential property at the end of shop lease. Nestled amongst a bustling residential zone, close to Waverley Gardens Shopping Centre, schools, parks, public transport and the M1 Freeway. Wonderfully updated, the home is defined by an open plan layout comprising a light-filled lounge and a spacious meals alongside a timber toned kitchen appointed with a Fisher & Paykel oven, a Blanco microwave and a Bosch dishwasher. All 3 bedrooms are comfortably fitted with built-in robes and well-serviced by a sparkling bathroom, separate water closet and laundry. Featuring split system heating and cooling, a side decking area, a good sized garden and off-street parking for 2 cars. Enjoying plenty of customer parking up front, this mixed space makes perfect investment sense. Adding to the appeal is its convenient locale placed just footsteps from Albany Rise Primary, Wellington Secondary College, Albany Drive Reserve and a reliable bus network. Enjoying easy access to Mazenod College, Waverley Gardens Shopping Centre and the Monash Freeway. Enquire today, own tomorrow and reap the benefits of two solid rental streams. Alternatively, live at the back and enjoy a fresh morning brew every day!

Features

3 bedrooms
1 bathroom
2 carspaces
2 carport spaces
509 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Mulgrave over the last 12 months, the estimated median property value of 66 Albany Drive is $1.05m.

Median value
$1.05m
Estimated value range
$760k - $1.49m
Median days on market
27
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mulgrave. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 66 Albany Drive

2024
Rented
Undisclosed
Leased on 29 Sep 2024 by Jellis Craig Whitehorse
2023
Sold
$909,868
27 Feb 2023 by Michael Ganavas, of Jellis Craig Whitehorse
2020
Sold
$632,000
21 Feb 2020 by Nick Makris, of Barry Plant - Glen Waverley

Happy sellers in Mulgrave

77%
77% of sellers in Mulgrave reported that their sale price either exceeded or met their price expectations.

Mulgrave stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 76 reviews in Mulgrave over the last 12 months.

Local market activity for 3 bedroom houses in Mulgrave

In the last 12 months, 97 three-bedroom houses similar to 66 Albany Drive, have been sold.

This represents a 20% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mulgrave

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Rick Cheah

Rick Cheah is an award winning recommended agent for Mulgrave.  They have 50 local sales and collected 36 local reviews across the last 12 months.

  •   4.9   (372 reviews)
  •  36 Reviews in Mulgrave
  •  50 Sales in Mulgrave
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Jackie Ji

Sellers who recommend Jackie Ji have praised them for being clear communication, local expert, responsive, supportive, friendly, dedicated and hard-working

  •   5   (256 reviews)
  •  8 Reviews in Mulgrave
  •  3 Sales in Mulgrave
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Elvis Huynh

Sellers who recommend Elvis Huynh have praised them for being clear communication, responsive, supportive, friendly, local expert, honest and reliable

  •   5   (89 reviews)
  •  5 Reviews in Mulgrave
  •  13 Sales in Mulgrave
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Luke Yang

Sellers who recommend Luke Yang have praised them for being clear communication, local expert, hard-working, patient, dedicated, responsive and honest

  •   5   (93 reviews)
  •  4 Reviews in Mulgrave
  •  4 Sales in Mulgrave
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