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Overview
This substantial property is situated within Melbourne’s northern growth corridor, approximately 37 km from the city, offering a rare opportunity for buyers interested in a sizeable landholding under the Urban Growth Zone in Beveridge. The generous land parcel of approximately 4,040 square metres is strategically located with sealed road frontage and nestled amongst already developed residential properties, elevating its potential for future development subject to council approval.
An existing dwelling on the site features 5 bedrooms, 3 bathrooms, and 2 carports, providing ready accommodation, although it requires repairs and works, suggesting a project for buyers prepared to invest in refurbishment or redevelopment. The location is well positioned, boasting proximity to essential amenities including a proposed Coles supermarket, Beveridge Primary School, and multiple retail options within Wallan, all reachable within a short driving distance. Furthermore, transport links such as the Wallan Train Station and major road connections to the Hume Freeway and Melbourne Airport add to the accessibility of the site.
The property’s classification within the Urban Growth Zone opens avenues for potential future use, including childcare, recreation, or aquatic facilities, contingent on approvals from the local Mitchell Shire Council. This attribute may appeal to investors and developers who are willing to undertake due diligence to maximize the land’s value in line with regional growth forecasts, which anticipate a considerable population increase in Beveridge.
- Large land size ideal for development or substantial family living.
- Established neighborhood context enhancing asset stability and appeal.
- Strategic location close to schools, shopping, and transport.
- Urban Growth Zone status provides potential for diverse future uses.
While the current dwelling may suit buyers seeking a home with renovation potential or a way to generate rental income during the development phase, the property’s core appeal lies in the combination of landholding and location, making it a compelling option for buyers with a vision for growth and redevelopment in a promising growth corridor.
Local Market Insights
In Beveridge, Quiet Listings observed 34 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $768,846. The property type mix of listed properties is predominantly Houses at 75%, followed by land (25%). The most active agency for houses in the Beveridge area is currently Ancora Property Group, representing 35% of new listings, followed by TopNotch Real Estate with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Beveridge VIC 3753
Market Insights for Beveridge VIC 3753
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