FOR SALE
$1,050,000 - $1,150,000

5 Mcnabb Street
Berwick VIC 3806

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Land area: 871m2
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VENDOR NEEDS IT SOLD!

*ALL REASONABLE OFFERS CONSIDERED
*APPROVED PLANS & PERMITS FOR 2 X LUXURY TOWN HOUSES
*PRIME NORTH SIDE BERWICK LOCATION
Located in one of north side Berwick's most highly sought addresses and boasting "approved plans and permits" for the construction of two impressive townhouses, this amazing site has the potential to redefine your standard of living.
This site currently offers a 3-bedroom - 2 bathroom home providing options for both investment or owner occupy. With a little bit of work needed to bring back to its former glory, the home could comfortably accommodate a small family to live in or house a tenant until you start your new build process.
Additionally, the strategic location, merely 250 meters from Berwick's bustling main Street, ensures that you are never far from the heart of the action. The proximity to public transport, including bus and train services, not only makes commuting convenient but also expands the range of opportunities for work, leisure, and entertainment.
As the property falls within the catchment areas of Berwick Primary School and Berwick College, families can rest assured that their children will receive an education of the highest standard. The short distance to renowned schools such as Haileybury College, St Margaret's Berwick Grammar, Beaconhill's College and Nossal further underscores the educational excellence this location offers.
With interest rates stabilising and a server housing shortage in Victoria, new homes are in short supply and prices seem set to rise in the coming years. Add to this, Victoria's lack of capital growth compared to other states in Australia over the past 4 years, prices should only improve from now. The lucky purchaser doesn't need to start developing this block for 3.5 years, as the permit was only recently obtained, which should allow for capital growth in the market between now and then, making this brilliant opportunity even better value for money.
Our vendors have given us explicit instructions to sell the property as life and business has taken them in a different direction. Prior offer to auction are invited.
Now is the time to act! Call to arrange your inspection TODAY!
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Property Details for 5 Mcnabb St, Berwick

5 Mcnabb St, Berwick is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 871m2. The place is currently for sale with OBrien Real Estate Pakenham.

Building Type
House
Land Size
871m2

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About Berwick 3806

The size of Berwick is approximately 33.6 square kilometres. It has 72 parks covering nearly 10.3% of total area. The population of Berwick in 2011 was 44,779 people. By 2016 the population was 47,677 showing a population growth of 6.5% in the area during that time. The predominant age group in Berwick is 40-49 years. Households in Berwick are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berwick work in a professional occupation. In 2011, 78% of the homes in Berwick were owner-occupied compared with 75.4% in 2016.

Berwick has 23,424 properties. Over the last 5 years, Houses in Berwick have seen a 32.93% increase in median value, while Units have seen a 31.56% increase. As at 30 November 2024:

  • The median value for Houses in Berwick is $935,018 while the median value for Units is $678,343.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 143 properties listed for sale, and 73 properties listed for rent in Berwick on OnTheHouse. According to CoreLogic's data, 1082 properties were sold in the past 12 months in Berwick.

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Brad Townsend
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Cooper Sheppard
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OBrien Real Estate Pakenham
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