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Unit 3,
62-64 SIMPSON STREET East Melbourne VIC 3002

This property is Off Market

All about East Melbourne Homes for sale in East Melbourne

The Average property price in this area is $2,244,445, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 3.79 km
Potential bushfire risk 0 / 10
Report as to subsidence
Potential Land Contamination risk
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

Ray White UNIT 6, 25 HOTHAM ST, 269500 1 Beds - 1 Baths - 0 Parking Within 0.1 km Woodards FLAT 2, 109 GEORGE ST, $1,300,000 - $1,400,000 2 Beds - 1 Baths - 1 Parking Within 0.2 km Ray White 10 GARDEN AV, 2200000 13 Beds - 9 Baths - 6 Parking Within 0.2 km Ray White UNIT 106, 1 POWLETT ST, 1225000 2 Beds - 2 Baths - 1 Parking Within 0.3 km Ray White 26 BERRY ST, 6995000 4 Beds - 2 Baths - 3 Parking Within 0.4 km Ray White FLAT 3, 1235 HODDLE ST, 575000 2 Beds - 1 Baths - 0 Parking Within 0.5 km Belle Property UNIT 405, 211 POWLETT ST, $440,000 - $484,000 1 Beds - 1 Baths - 1 Parking Within 0.6 km Belle Property UNIT 78, 190 ALBERT ST, $1,760,000 4 Beds - 2 Baths - Parking Within 0.7 km Ray White UNIT 57, 400 VICTORIA PDE, 2100000 3 Beds - 2 Baths - 2 Parking Within 0.7 km Ray White UNIT 31, 190 ALBERT ST, 920000 2 Beds - 2 Baths - 1 Parking Within 0.7 km Ray White UNIT 72, 190 ALBERT ST, 1800000 3 Beds - 2 Baths - 2 Parking Within 0.7 km Ray White UNIT 34, 201 WELLINGTON PDE SOUTH, 1550000 3 Beds - 2 Baths - 2 Parking Within 0.9 km Harcourts UNIT 22, 322 ALBERT ST, Deadline Sale - $1,500,000 - $1,650,000 3 Beds - 2 Baths - 1 Parking Within 0.9 km Ray White UNIT 74, 211 WELLINGTON PDE SOUTH, 1500000 3 Beds - 2 Baths - 2 Parking Within 1.0 km Ray White UNIT 101, 279 WELLINGTON PDE SOUTH, 900000 1 Beds - 1 Baths - 2 Parking Within 1.1 km

Recently Sold Properties in this Area

About East Melbourne

With an average age of 39, households expect an average monthly mortgage payment of $1,700 or a weekly rent payment of $351. The average family earns a weekly income of $2,750 with a typical household size of 1.5 and a 91.93% employment rate.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in East Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in East Melbourne provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in East Melbourne to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Melbourne we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Melbourne a better buying opportunity than it may have been in the past.

Public Transport

Stop 10: Jolimont Road tram

Stop 9: Lansdowne Street tram

Stop 11: Jolimont Station tram

Stop 15: Smith Street tram

Stop 13: Simpson Street tram

Stop 13: Simpson Street

General Points of Interest

Hall's Taekwondo Centre golf

Green Acres Golf Club schools

Trinity College shopping

Como Centre monument

Admiral Creswell Memorial stadium

Melbourne Cricket Ground sport

Olympia Gymnasium monument

Centenary Bridge Pillar sport

West Brunswick Tennis Club stadium

Flemington Grandstand

Population

(Country of Birth not stated 5%)

Are people healthy?

There are a recorded 516 asthma sufferers and 183 people living with diabetes. In addition, 195 people have a heart/vascular condition and 389 people live with three or more chronic diseases.

A good place to invest in property?

East Melbourne a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100

Income

90 / 100

52 / 100

Industry

18 / 100

17 / 100

Population

18 / 100

32 / 100

House Prices

75 / 100

70 / 100

Jobs

35 / 100

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Collingwood College Richmond West Primary School

Property Story

Unit 3, 62-64 Simpson Street, East Melbourne, Vic, 3002 is a residential property . The estimated distance to the sea is 3.79km and at least 1.3KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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134 Acme Avenue Street, Town, State

Description - Details the application. Type and other information pertaining to the development application and more...

Authority Reference: UX0909823-GOV Website

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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