A strata block of 12 in marvellous Mentone
Unlock a golden investment opportunity with this exceptionally located strata-titled block of twelve apartments, perfectly positioned for a robust rental yield & great long-term hold. Offered for the first time ever & located on the fringe of Mentone’s bustling village, the corner property spans a generous 865m2*, housing a well-presented double-storey brick block of 12 one-bedroom kitchenette apartments, some of which have been stylishly renovated to include brand-new carpeting, sleek new kitchen & bathroom fit-outs & split systems. Each apartment is allocated an off-street parking space & is serviced by a communal onsite laundry.
A vibrant coastal suburb perfectly blending relaxed beachside living with modern conveniences, Mentone is renowned for its stunning beaches, picturesque parks, thriving café culture & proximity to shopping precincts including Mentone Centre, Mentone Village & Southland Shopping Centre. Well-serviced by public transport, nearby Mentone Station offers city-bound trains & a collection of extensive bus routes.
Seize the opportunity to establish yourself in a thriving rental market & reap the limitless returns available, with a raft of future prospects to renovate the remaining few or redevelop the spacious site (STCA).
*Approximate Title Dimensions.
A vibrant coastal suburb perfectly blending relaxed beachside living with modern conveniences, Mentone is renowned for its stunning beaches, picturesque parks, thriving café culture & proximity to shopping precincts including Mentone Centre, Mentone Village & Southland Shopping Centre. Well-serviced by public transport, nearby Mentone Station offers city-bound trains & a collection of extensive bus routes.
Seize the opportunity to establish yourself in a thriving rental market & reap the limitless returns available, with a raft of future prospects to renovate the remaining few or redevelop the spacious site (STCA).
*Approximate Title Dimensions.
Mentone suburb statistics
Houses*
Median sale price
$1,417,500
Quarterly price change
1.16%
Units*
Median sale price
$665,000
Quarterly price change
-3.53%
Sales insights
Auction clearance rate*
72%
Median days on market∧
30 days
Total sold properties*
89
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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