VIC Registered Law Firm, LEAD Conveyancing

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Lead Legal Services Pty Ltd (ABN 86 640 514 558)
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Chelsea is a highbrow area in Melbourne Victoria with some of the best properties on sale. This suburb has witnessed a very strong performance over the last few years, and investors in the area continually enjoy capital gains on their holdings. The average median home price in Chelsea is $1,062,500, but some homes cost a lot more. 

Over the last three years, investors have continually enjoyed an average of 5.31%  growth in property prices. The data also shows that the capital gains recorded for last year alone was 18.06%. So judging by the growth rates, it remains clear that Chelsea is one of the best places in Victoria to live or to invest in. This makes the suburb the 268th fastest-growing suburb in Victoria.

The trend is also likely to continue as many more buyers move into the area looking for available properties to buy. Due to the coronavirus pandemic, the gains rate slowed down last year, but experts expect a rebound as the Australian economy opens up.

When it comes to the rental market, realtors are also enjoying positive returns on their investments. For instance, the current rental price for a home in Chelsea is $495 a week, which is slightly higher than what is obtainable in other areas. Also, close to 40% of homes in the area are occupied by tenants, so should you decide to invest in the rental market, you will surely earn consistent income from your asset.

Other important data  in Chelsea include the following

• Chelsea is the 148th most active real estate market in Victoria
• 30-39 years is the predominant age range in the area
• The average mortgage repayment range is $1800-$2399
• The population has increased by 7.7% over the last five years
• The percentage of owner-occupied homes in Chelsea is 62.1%

The services of a Chelsea Conveyancer are necessary if you are planning to buy or sell a property in this part of Victoria. Although conveyancing services are not required by law, many investors prefer to use one to avoid mistakes during the negotiation and property documentation process.

A conveyance professional is a legal expert well versed in the process of property law who handles the legal aspects of a priority purchase or sale on behalf of the client or principal. The principal does not need to bother himself with the legal aspects of the process as all the responsibility is delegated to the expert who will also serve as a solicitor.

An expert can help you prepare the necessary documents required to complete the process. For example, your conveyance service provider can take care of documents like the contract of sale and the settlement obligations agreed by you and the other party.

The expert can also help you with the evaluation and inspection process to ensure that the documents involved are original and protect your interests. Essentially, this service provider protects your interests from the beginning to the end of the process. So if you want to avoid errors and delays that may put your investment at risk, an expert like LEAD Conveyancing is exactly what you need for a stress-free and error-free process.

Chelsea is a suburb in Melbourne, Victoria, with a local government headquarters in the City of Kingston. With a small population of over 7,000 people, this suburb is one of Victoria’s high-class neighborhoods with proximity to the bayside suburbs of Victoria. Situated in Port Philip, it shares a boundary with Frankston and Mordialloc. It is also very close to other major landmark sites like the Bicentennial Park.

This area is one of the most developed cities in Australia and home to middle and upper-class families. All around the area are recreational facilities, one of which is the popular Chelsea beach which happens to be one of the most famous beaches in Victoria.

Chelsea’s development did not start yesterday, though, but can be traced back two centuries or more. First, in 1882, a railway line cut through the area from Frankston. Then years later, a Station was opened in 1907, which was also the year the first Post Office was opened. These two developments we the major ones recorded in the area for a very long time until after the end of the  Second World War. In fact, many historians claim that Chelsea only began to develop at a rapid pace after the end of the war.

By the 60s and 70s, many homes were demolished to make way for the development of single-story houses. With a much smaller population back in the day than what is obtainable today, most of the houses built were smaller single-family homes and homes for the elderly. Today, it has become a major point of reference for Victoria’s real estate success with several churches, community, and sporting organizations active in the area.

Other suburbs around Chelsea include

• Port Phillip
• Edithvale
• Chelsea Heights
• Bonbeach
• Patterson Lakes

Are you looking for interesting things to do in Chelsea or exciting places to visit? Here are some very good spots to consider.

Chelsea Beach

This beach is one of the most popular beaches in Victoria, and thousands of people come here, especially during weekends and national holidays. The beach is well maintained, and there are restaurants, cafes close to the bank, and other recreational centers.

Bicentennial Park

Bicentennial Park is Chelsea’s most famous park. It is a popular hangout for friends and families. The park also has the best playgrounds for kids 

Victory Park

Australians do love their parks, and Victory Park is another ideal spot to enjoy some peace and quiet. If you don’t want to be troubled by the crowds at Bicentennial Park on busy days, Victory Park should be your next best alternative. There are game centers and fun spots here to while away some time.

Other spots in Chelsea include

• A visit to the former Chelsea courthouse
• Dee Dee Spa center and other massage parlors in the area.