Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This exceptional landholding offers a strategic opportunity for urban growth development within the emerging regional corridor of Newborough. Covering almost 12 acres (approximately 11.86 acres), the vacant parcel is positioned in the approved Lake Narracan Precinct Structure Plan, highlighting its potential for future residential and complementary uses.
With its urban growth zoning and location surrounded by existing and planned residential precincts, this site offers a promising foundation for developers, land bankers, and long-term investors aiming to capitalize on the strong connectivity and expanding infrastructure in this growing township.
The property also benefits from convenient proximity to key amenities including major supermarkets such as Woolworths, Coles, ALDI, and retail outlets like Kmart. Educational institutions like Newborough Primary School, Lowanna College, and Immaculate Heart of Mary Primary School further enhance its appeal, making it an attractive option for community-centric developments.
Indicative subdivision concepts suggest that future residential lot outcomes are feasible, subject to appropriate council and authority approvals. Additionally, the land holds potential for a range of complementary uses including childcare, retirement living, and aged care, providing flexibility for various development opportunities aligned with local needs.
Investors and developers should undertake thorough independent due diligence concerning planning, zoning, overlays, and financial considerations to ensure comprehensive understanding and maximization of the site’s potential.
Local Market Insights
In Newborough, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $219,667. The property type mix of listed properties is predominantly Houses at 82%, followed by land (18%). The most active agency for land in the Newborough area is currently Wilson Property RCI, representing 33% of new listings, followed by Property Investor with 33%. 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
Market Insights for Newborough VIC 3825
Other properties in this postcode
