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Multi-unit Property

54 Wattletree Road

Armadale VIC 3143, Australia

- Parking
1392 m² Land size
$7,260,000 Last sale (2016)
Multi-unit Complex profile

About this property

yardizepropertyrecord
54 Wattletree Road is in Armadale, VIC and is presented as an Apartment. The address refers to a multi-unit development set on a land parcel of 1,392 m². Price: $980,000. The estimated market value per unit is $1,040,000 and the estimated weekly rent per unit is $1,500 per week

Key details

Locality
Armadale
State
VIC
Coordinates
37.861553 / 145.020574
GNAF PID
GAVIC410768247
Remoteness area
Metro
Property type
Apartment
Land size
1392 m²
Land Use Category
Residential

Market estimates

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

Expected weekly rent per unit
$1,500
Expected property value per unit
$1,040,000
Estimated yield
7.5%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

EventDatePricePrice per m²
Sale
11 Feb 2016
Private treaty
$7,260,000$5,215
Sale
24 Aug 2006
Private treaty
$2,412,050$1,732
Sale
1 Oct 1989
Individual unit transaction; unit not specified in source.
$676,000$485
Sale
9 Sep 1982
Individual unit transaction; unit not specified in source.
$218,000$156

Price per m² based on land size of 1392 m².

Property insights

Building profile

The Pelham is a three‑storey residential building containing five apartments. It sits on a 1,392 m² land parcel within the City of Stonnington and is zoned residential. The development replaces a former stand‑alone house that was sold for $7.26 million in 2016 Hockingstuart.com.au
  • 54 Wattletree Road in Armadale is a residential address that historically was a stand‑alone house and has been redeveloped into a three‑storey building called The Pelham containing multiple apartments, including the ground‑floor unit G04/54
  • Subdivision activity: Market position: The property (as a unit) is listed around $980,000 (Hocking Stuart) and is estimated by at $900 k–$1.18 m. Historical sales of the original house show a dramatic appreciation to $7.26 m in 2016, after which the site was likely subdivided

Property Features

  • Private wrap‑around courtyard with indoor‑outdoor access Hockingstuart.com.au
  • Marble benchtops and Miele kitchen appliances
  • Central heating and cooling system
  • Timber chevron flooring and wool carpet in bedrooms
  • Secure basement parking offering two car spaces
  • Three‑storey building comprising five dwellings (The Pelham)
  • Luxury low‑maintenance complex with private courtyard, marble benchtops, Miele appliances, central heating & cooling
  • Secure basement car spaces (2)
  • Historical house sold for $7.26 million in 2016: Significant appreciation from $2.4 million in 2006
  • Current apartment listed at $980,000: Ground‑floor unit G04/54 in The Pelham
  • Car spaces: 2

Recorded sales and leasing agents

  • James Annett – Principal & Auctioneer, phone 0422 930 845 Hockingstuart.com.au
  • Lauchlan Waterfield – Principal & Director, phone 0422 290 489
Recorded sale agency (2016 sale)
Hocking Stuart – Armadale recorded for the 2016 sale Hocking stuart ( p4)
Recorded listing contacts
James Annett 0422 930 845 Principal & Auctioneer Lauchlan Waterfield 0422 290 489 Principal & Director

Area insights

The surrounding precinct places day-to-day amenities within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Real Estate Agencies

Ordered by:
Marshall White - Stonnington
0.7 km
Marshall White - Boroondara
5.3 km
Jellis Craig - Fitzroy
7.9 km
Gary Peer & Associates - Caulfield North
0.9 km
Jellis Craig - Carnegie
4.3 km
Jellis Craig - Stonnington
0.9 km
Marshall White - Balwyn
7.7 km
Buxton - Port Phillip
3.6 km
Ray White - Carnegie
4.3 km
Kay & Burton - Stonnington
2.5 km
Jellis Craig - Port Phillip
6.2 km
Belle Property Armadale - ARMADALE
0.9 km
Little Real Estate - HAWTHORN
2.8 km
Buxton - Stonnington
2.5 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
St Joseph's Primary School
1.0 km
Primary school | Catholic
De La Salle College
1.1 km
Combined school | Independent
Malvern Central School
1.5 km
Primary school | Government
Caulfield Junior College
1.0 km
Primary school | Government
Lauriston Girls' School
1.1 km
Combined school | Independent
St Aloysius' School
1.5 km
Primary school | Catholic
Malvern Primary School
1.9 km
Primary school | Government
Armadale Primary School
1.1 km
Primary school | Government
Oakwood School
1.9 km
Secondary school | Government
The King David School
1.0 km
Combined school | Independent
Melbourne Grammar School - Grimwade House
1.4 km
Primary school | Government
Loreto, Mandeville Hall
1.6 km
Combined school | Catholic
Shelford Girls' Grammar
1.8 km
Combined school | Independent
Sacre Coeur
2.8 km
Combined school | Independent
Caulfield Grammar School
1.9 km
Secondary school | Independent
Korowa Anglican Girls' School
3.0 km
Combined school | Independent
Yeshivah and Beth Rivkah Colleges
1.9 km
Combined school | Independent
Guardian Childcare & Education Caulfield North
0.3 km
Malvern Early Learning & Child Care Centre
0.6 km
Winter St Early Years Service
0.8 km
* Approximate straight-line distances

Frequently asked questions

What parking facilities are provided?

There are two secure basement car spaces allocated to the unit

Hockingstuart.com.au
What nearby amenities are mentioned?

The surrounding precinct places day-to-day amenities within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Hockingstuart.com.au
How many bedrooms does the unit at 54 Wattletree Road have?

The ground‑floor unit G04/54 has two bedrooms

Hockingstuart.com.au
How many bathrooms are in the apartment?

The apartment includes two bathrooms, one of which is an ensuite

Hockingstuart.com.au
What is the current listed price for the unit?

The unit is listed for $980,000

Hockingstuart.com.au
Which tram stop is closest to 54 Wattletree Road?

The Kooyong Rd/Wattletree Rd tram stop is approximately 0.1 km away

What kind of property is this?

54 Wattletree Road is listed as Apartment in Armadale, VIC

Hockingstuart.com.au
What building-wide details are listed?

54 Wattletree Road is described with land size of 1,392 m²

Hockingstuart.com.au

Related profiles

Jump to the related profiles for 54 Wattletree Road, including the surrounding street and suburb pages.