Location, Potential and a Fantastic Outlook

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16 Mary Street, Bunyip VIC 3815

$485,000 - $510,000

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$485k - $509k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 503 m² 119 m²

Listed: 9 days ago

Overview

This property offers a substantial opportunity on a 503m² corner allotment, elevated to provide sweeping views over the valley and the distant Strzelecki Ranges, including Mount Worth. The existing three-bedroom timber home awaits extensive refurbishment, making it ideal for keen renovators or developers interested in creating a modern residence or potentially a unit development, subject to council approval (STCA).

The property's location is particularly convenient, situated within walking distance to the main shopping strip, train station, and supermarket, while educational and recreational facilities are just a short drive away. Bunyip imparts a peaceful country town atmosphere rich with community ties and robust transport connections, including the M1 freeway and VLine services.

Building size of approximately 119m² offers ample living space within the potential of renovation.
The corner site’s positioning and outlook add significant appeal, enhancing the property's value and lifestyle benefits.
Parking is practical with a single garage space available.

This property represents an enticing proposition for investors, developers, or homeowners looking to capitalize on location, potential, and expansive outlooks near regional urban centres. Access to Pakenham and Melbourne’s southeast fringe is convenient, enhancing its appeal to a broad demographic.

Local Market Insights

In Bunyip, Quiet Listings observed 11 new houses entering the market over the last 30 days, up from 10 during the previous 30-day period, with an average advertised asking price of $1,023,264. The property type mix of listed properties is predominantly Houses at 50%, followed by land (41%), and units (5%). The most active agency for houses in the Bunyip area is currently Ancora Property Group, representing 27% of new listings, followed by Sam Paynter L J Hooker Pakenham 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.