Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This expansive landholding at 33 Thompsons Road in Newborough offers a prime urban growth opportunity within the strategically approved Lake Narracan Precinct Structure Plan (PSP). Encompassing approximately 11.85 acres (around 47,943 square meters), this vacant parcel is zoned for urban growth, positioning it ideally for future residential and complementary development projects.
Its location amidst established and emerging residential areas ensures strong connectivity and access to essential amenities. The property’s access to infrastructure and ongoing regional growth trends further elevate its development appeal.
- Spanning nearly 12 acres, this site provides ample space for diverse development possibilities.
- Approved under the Lake Narracan PSP, the site is primed for subdivision concepts supporting multiple residential lots.
- Potential for varied complementary uses such as childcare, retirement living, or aged care facilities, subject to approvals.
Situated just minutes from major retail outlets including Woolworths, Coles, ALDI, Kmart, and popular dining options, the location supports convenient lifestyle access. Proximity to transport options like Moe Train Station and educational institutions such as Newborough Primary School, Lowanna College, and Immaculate Heart of Mary Primary School reinforces the site’s suitability for community-oriented development.
This landholding presents significant potential for developers, land bankers, and investors aiming to engage with the expanding regional township of Newborough. Prospective purchasers are advised to undertake thorough due diligence including planning, zoning, and financial assessments before proceeding.
The offering represents a well-positioned investment within an evolving growth corridor, with future use subject to council and relevant authority approvals.
Local Market Insights
In Newborough, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, unchanged from 3 in the prior period, with an average advertised asking price of $219,667. The property type mix of listed properties is predominantly Houses at 84%, followed by land (16%). 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.
Change History
| Headline | When |
|---|---|
| For Sale | |
| For Sale: Contact Agent |
Location
Market Insights for Newborough VIC 3825
Other properties in this postcode
