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Apartment

10/12 Forrest Street

Albion VIC 3020, Australia

2 Bedrooms
1 Bathrooms
1 Parking
1059 m² Land size
54 m² Internal area
$190,000 Last sale (2016)

About this property

yardizepropertyrecord

Unit 10 at 12 Forrest Street in Albion, Victoria, is a 2‑bedroom, 1‑bathroom apartment with a single attached car space. The unit sits within a low‑rise 12‑unit building constructed in 1970 on a 1,059 m² block and offers approximately 54 m² of internal floor area.

It sold for $190,000 in October 2016 and current market estimates place its value around $270,000 with an estimated rental income of $380 per week, yielding roughly 7 %. The property is located in the suburb of Albion, part of the City of Brimbank, and benefits from close proximity to transport links, shopping facilities and schools.

Nearby amenities include the Sunshine Marketplace shopping centre, H.V. McKay Memorial Gardens and several primary schools within walking distance

Also written as Unit 10, 12 Forrest Street.

Key details

Locality
Albion
State
VIC
Coordinates
37.785025 / 144.825405
GNAF PID
GAVIC410738932
Legal parcel ID
10\RP7782
Remoteness area
Metro
Property type
Apartment
Unit land size
1059 m²
Unit internal area
54 m²
Built
1970
Total units in building/complex
12
Internet
No NBN detected
Mobile coverage
5G
Bushfire risk
None detected
Flood risk
None detected
Heritage overlay
None detected
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$401
Expected property value
$270,000
Estimated yield
7.72%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
28 Oct 2016
Contracted 25 Oct 2016
$190,000
Sale
25 Oct 2016
Slight variance from sold listing
$185,000
Sale
1 Jan 2007
Contracted 31 Jan 2007
$123,000
Sale
9 Aug 2004
$145,000
Sale
16 Oct 2002
$140,000
Sale
2 May 2002
$120,000

Rental history

EventDateWeekly rent
Lease
1 Sep 2005
Historical rental listing
$140/week

Property insights

Building profile

  • Unit 10 at 12 Forrest Street, Albion VIC is a residential 2‑bedroom, 1‑bathroom apartment of approximately 54 m², built in 1970 within a 12‑unit low‑rise building on a 1,059 m² block
  • Built: 1970
  • Total units: 12

Property Features

  • Single car space attached to the title
  • Estimated rental yield ~7% ( $380/week ): Estimated weekly rent suggests a gross yield of 7.43% based on a $380 weekly rent
  • Car spaces: 1

Recorded sales and leasing agents

Recorded sale agency (2016 sale)
Douglas Kay Estate Agents recorded for the 2016 sale
Recorded listing contacts
Anthony Caccamo

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
70%
Renter-occupied
30%

Real Estate Agencies

Ordered by:
Barry Plant - Keilor East
5.2 km
Barry Plant - St Albans
5.3 km
Barry Plant - Sunshine
0.6 km
VICPROP ST ALBANS & SUNSHINE
5.0 km
OBrien Real Estate - Sunshine
0.6 km
Moonee Valley Real Estate - Avondale Heights
4.2 km
Create Real Estate - Sunshine
0.6 km
White Knight Estate Agents - St Albans
5.3 km
Burnham Real Estate - Footscray, Seddon & Deer Park
6.3 km
Nicholas Scott Real Estate - Yarraville
6.4 km
Bells Real Estate - Sunshine
0.7 km
Douglas Kay Real Estate - Sunshine
1.8 km
One Agency Carlo Puglia Property
1.0 km
Ray White Sunshine
0.5 km
Rendina Real Estate - Kensington
9.2 km
TENACITY REAL ESTATE - Western Suburbs
1.3 km
DK Property Partners Melb
0.6 km
Nguyen Real Estate - Footscray
6.7 km
Raine and Horne - St Albans
5.2 km
JK Estate Agents - HOPPERS CROSSING
16.0 km
Holland Price Real Estate - BRUNSWICK EAST
12.9 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
St Theresa's School
0.6 km
Primary school | Independent
Albion Primary School
1.0 km
Primary school | Government
Sunshine Heights Primary School
1.1 km
Primary school | Government
Marian College
1.5 km
Secondary school | Catholic
St Paul's Primary School
1.6 km
Primary school | Catholic
Sunshine Primary School
0.8 km
Primary school | Government
Our Lady of the Immaculate Conception School
1.0 km
Primary school | Independent
St Peter's School
1.5 km
Primary school | Catholic
Bruthen Primary School
2.2 km
Primary school | Government
Bruthen Primary School
2.2 km
Primary school | Government
Mother of God School
2.2 km
Primary school | Independent
Sunshine College
1.9 km
Secondary school | Government
Sirius College - Ibrahim Dellal Campus
3.1 km
Combined school | Independent
Braybrook College
2.2 km
Secondary school | Government
Caroline Chisholm Catholic College
2.1 km
Secondary school | Independent
Western English Language School
2.6 km
Special school | Government
St Albans Secondary College
4.5 km
Secondary school | Government
Catholic Regional College St Albans
5.6 km
Secondary school | Independent
Victoria University Secondary College
6.1 km
Secondary school | Government
Maribyrnong Secondary College
5.6 km
Secondary school | Government
* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

10/12 Forrest Street is described with 2 bedrooms, 1 bathroom, 1 parking space, internal area of 54, built around 1970

Which suburb is the property located in?

The property is situated in Albion, a suburb of Melbourne in the state of Victoria

En.wikipedia.org
Which primary school is closest to the property?

St Theresa’s Catholic Primary School is the nearest primary school, located about 0.6 km away

What public garden is nearby?

H.V. McKay Memorial Gardens is a nearby public garden, approximately 0.3 km from the property

Which shopping centre is closest to the property?

Sunshine Marketplace is the nearest shopping centre, situated about 0.6 km away

Which police station is nearest to the property?

Sunshine Police Station is the closest police station, located roughly 0.5 km from the unit

What kind of property is this?

10/12 Forrest Street is listed as Apartment in Albion, VIC

What asking price or listing price is shown?

10/12 Forrest Street includes price Off‑market, Sold for $190,000 on 25 Oct 2016

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