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101 Wangandary Road, Wangandary VIC 3677

Expressions Of Interest

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$2M - $2.5M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 5 acres

Listed: 33 days ago

Updated: 10 hours ago

Overview

This distinctive property on Wangandary Road offers a substantial residential landholding spanning approximately five acres, zoned as General Residential. The sizeable parcel of land, complemented by sealed road frontage and access to town water, positions this estate as an exceptional opportunity for those interested in future residential development or investment.

With the fundamentals of infrastructure already secured, the property invites exploration into residential subdivision or redevelopment possibilities subject to council approval. The extensive acreage and General Residential zoning make it increasingly rare and valuable, catering well to developers, investors, and strategic land bankers seeking to capitalize on growth.

The existing improvements add intrinsic value and usability to the site, featuring a solidly constructed four-bedroom, two-bathroom brick residence. Practical aspects such as quality shedding and a double garage enhance its ongoing residential appeal, allowing for immediate occupation or holding while planning development options.

The property's scale unlocks multiple pathways for future enhancement, whether through a carefully managed subdivision or staged development. Its sealed road access and connection to town water are crucial factors that undeniably enhance the property's attractiveness and potential.

This location and offer are tailored for clear-sighted purchasers who understand the advantage of securing a promising residential development site before broader market recognition. Given the rarity of such opportunities, this property stands out as a significant proposition on the fringe of Wangaratta’s expanding residential landscape.

Approximately 5 acres of General Residential land
Opportunity for residential subdivision or redevelopment, subject to approval
Sealed Wangandary Road frontage with established road access
Connection to town water service
Solid brick four-bedroom, two-bathroom residence
Quality external shedding
Double garage providing secure parking

Local Market Insights

In Wangandary, Quiet Listings observed 22 new houses entering the market over the last 30 days, down from 42 during the previous 30-day period, with an average advertised asking price of $797,409. The property type mix of listed properties is predominantly Houses at 54%, followed by land (37%), and units (10%). The most active agency for houses in the Wangandary area is currently Tait Real Estate, representing 36% of new listings, followed by Garry Nash & Co 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.