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Overview
This property presents a unique land-banking opportunity situated within Kilmore's expanding growth corridor, approximately 59 kilometers from Melbourne's Central Business District and close to Melbourne Airport. Encompassing roughly 29.6 acres, the site is located in a Farming Zone identified for future development under the Kilmore Structure Plan, subject to council approvals, making it especially attractive for prospective investors or developers seeking long-term growth potential.
Included with the land is a four-bedroom dwelling, providing immediate utility and a continuous rental income estimated at around $3,476 monthly. This aspect makes the property appealing for those looking to secure an income stream while planning future development or land use adjustments in accordance with evolving zoning regulations.
The surrounding locality underpins the lifestyle appeal of the address, offering easy access to essential amenities and highly regarded educational institutions like Kilmore Primary School and Assumption College. Recreational facilities such as the Kilmore Golf Club and Racing Club enhance lifestyle opportunities, complemented by convenient nearby services including major supermarkets and dining options. Kilmore’s forecasted population growth within the Mitchell Shire suggests substantial demand and increased property values in the foreseeable future.
Overall, this offering suits seasoned investors or land developers with an interest in capitalizing on the anticipated expansion of Kilmore, combining immediate income generation with significant potential for future subdivision or redevelopment as per statutory approvals.
Local Market Insights
In Kilmore, Quiet Listings observed 26 new houses entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $1,662,893. The property type mix of listed properties is predominantly Houses at 58%, followed by land (38%), and duplexes (2%). Universal Real Estate Vic North was the most active agency in this area, representing 31.1% of all new listings in the last 30 days. 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
Kilmore VIC 3764
Market Insights for Kilmore VIC 3764
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
