FOR SALE
$830,000 - $870,000

55 Wellington Street
Wallan VIC 3756

Bedrooms: 4
Bathrooms: 2
Car spaces: 6
Land area: 1008m2
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Residential with RE-zoning Potential

This property is shown in the Wallan Town Centre Masterplan 'proposal' as Mixed Use/Business Services. Current Zoning is GRZ1, and on the opposite side of the street the Zoning is Commercial 1.
Businesses In the street include, Medical Centre, Chiropractic Centre and Day Care Centre.
Land size is 1008sqm with a 20 meter frontage and 6 meter side access.
Existing house consists of 4 Bedrooms, two bathrooms, two living, alfresco and shedding for 4 cars and carport for 2 cars, boat or caravan.
Ideal for medical facility, or wait for rezoning and develop while receiving an estimated $26,000 annual rental return as a residential property.
Re-zoning is Subject to Approval by the relevant statutory bodies and authorities.
For further information contact Wayne Dent on 0407771435.
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Property Details for 55 Wellington St, Wallan

55 Wellington St, Wallan is a 4 bedroom, 2 bathroom House with 6 parking spaces. The property has a land size of 1008m2. The place is currently for sale with LJ Hooker Wallan.

Building Type
House
Land Size
1008m2

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About Wallan 3756

The size of Wallan is approximately 69.7 square kilometres. It has 13 parks covering nearly 0.6% of total area. The population of Wallan in 2011 was 8,502 people. By 2016 the population was 11,064 showing a population growth of 30.1% in the area during that time. The predominant age group in Wallan is 0-9 years. Households in Wallan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wallan work in a trades occupation. In 2011, 80.8% of the homes in Wallan were owner-occupied compared with 77.8% in 2016.

Wallan has 9,743 properties. Over the last 5 years, Houses in Wallan have seen a 33.93% increase in median value, while Units have seen a 36.02% increase. As at 31 July 2024:

  • The median value for Houses in Wallan is $652,483 while the median value for Units is $458,671.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 184 properties listed for sale, and 19 properties listed for rent in Wallan on OnTheHouse. According to CoreLogic's data, 393 properties were sold in the past 12 months in Wallan.

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Sally Long
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LJ Hooker Wallan
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