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Location
Market Insights for Wallan VIC 3756
New Listings (last 30 days)
10
Average price
$475,152
Lowest price
$250,000
Highest price
$950,000
Other properties in this postcode

27 Wellington Street, Wallan VIC 3756

Listed: 17 days ago
Overview

This sizeable vacant land parcel of approximately 1,128 square meters at 27 Wellington Street, Wallan represents a unique development opportunity in a thriving area. Notably, the property already holds a valid planning permit for four double-storey units until August 2027, providing a significant head start for developers, builders, or investors aiming to capitalize on an approved plan.

The generous scale of the block offers flexibility, whether to execute the current approved plans or explore alternate development configurations subject to council approval. Its location within Wallan, a growing township featuring accessible amenities and services, enhances the property's appeal by combining potential capital growth with community conveniences.

  • Vacant land with ample space encouraging tailored development
  • Planning permit secured for four double-storey units, streamlining the development process
  • Strategically positioned in a dynamic growth corridor offering lifestyle and investment benefits

This property will attract savvy developers and investors seeking a tangible foundation to achieve residential projects without the delays of initial planning approvals. Its potential also suits builders wishing to deliver family-friendly housing in a community-oriented locale. The opportunity for substantial landholding in a sought-after suburb like Wallan makes it a notable offering for those targeting growth and development prospects in Victoria’s expanding real estate market.

Local Market Insights

In Wallan, Quiet Listings observed 10 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 $475,152. The property type mix of listed properties is predominantly Houses at 60%, followed by land (24%), and units (9%). The most active agency for land in the Wallan area is currently Universal Real Estate Vic North, representing 40% of new listings, followed by Ray White with 30%. 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.