Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

18 Correa Way, New Gisborne VIC 3438

$525,000

Search Band Search Visibility Band

$525k - $551k Transparent Transparent Listing Based on an openly advertised listing price.

Land 632 m²

Listed: 43 days ago

Updated: 7 hours ago

Overview

Situated in the sought-after locale of New Gisborne, this rare landscaped allotment of 632 square metres presents an exceptional opportunity for flexibility and personalized development.

Currently embraced within the grounds of an adjacent residence, the site benefits from well-established landscaping and a private basketball court, enhancing its recreational appeal. This unique feature lends itself to a variety of potential uses, ranging from a private retreat to an ideal space for outdoor activities.

Purchasers can choose to acquire this allotment individually, offering a chance to create a custom living environment on a landscaped parcel, or alternatively combine it with the adjacent property at 19 Brocchi Road to secure an expansive combined landholding of approximately 1,264 square metres. This option notably amplifies development prospects with a significantly larger footprint.

Fully fenced, the property ensures privacy and security, valuable for families and those seeking safe outdoor spaces. Its central positioning within New Gisborne situates it close to local amenities, supporting a balanced lifestyle where comfort meets convenience.

This allotment caters well to buyers prioritizing land investment in established, landscaped surroundings with recreational features. Whether for those aspiring to build their dream home with bespoke outdoor amenities or savvy investors valuing the flexibility of combining titles, the offering holds notable appeal.

Local Market Insights

In Melbourne - North West, Quiet Listings observed 67 new parcels of land entering the market over the last 30 days, unchanged from 67 in the prior period, with an average advertised asking price of $1,270,588. The property type mix of listed properties is predominantly Houses at 68%, followed by townhouses (10%), and land (8%). The most active agency for land in the Melbourne - North West area is currently Matilda Donnybrook, representing 33% of new listings, followed by Ray White with 18%. 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.