FOR SALE
$399,000 - $430,000

7 Millbrook Road
Bonshaw VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 863m2
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Investment Opportunity - Approx. 863m2

Nestled within the newly established Estate, this property offers a rare opportunity to create your dream project just 10 minutes from the vibrant Ballarat CBD.
Located near the emerging commercial hub in Bonshaw, this site is positioned for growth and convenience.
Key Highlights:
• Development Potential: (STCA) - Build two or three townhouses, or design the luxury home you've always envisioned.
• Flexible Zoning: Situated in the General Residential Zone Schedule 3, this property lends itself to various possibilities. Whether you're considering townhouses, a childcare centre, or even a medical facility, the options are vast.
• Promising Location: Set in the heart of Bonshaw, Victoria's fastest-growing regional suburb, this property places you at the epicenter of ongoing development. The future growth potential is significant, making it an ideal investment for developers and investors.
This is a rare opportunity for investors, first-home buyers, or owner-occupiers to secure a prime piece of land and bring their vision to life.
Ballarat's Best-Selling Team
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Property Details for 7 Millbrook Rd, Bonshaw

Building Type
Land
Land Size
863m2

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About Bonshaw 3352

The size of Bonshaw is approximately 3.2 square kilometres. It has 1 park. The population of Bonshaw in 2011 was 189 people. By 2016 the population was 217 showing a population growth of 14.8% in the area during that time. The predominant age group in Bonshaw is 50-59 years. Households in Bonshaw are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bonshaw work in a professional occupation. In 2011, 94.7% of the homes in Bonshaw were owner-occupied compared with 101.7% in 2016.

Bonshaw has 1,383 properties. Over the last 5 years, Houses in Bonshaw have seen a 22.54% increase in median value, while Units have seen a 35.00% increase. As at 30 September 2024:

  • The median value for Houses in Bonshaw is $544,753 while the median value for Units is $350,975.
  • Houses have a median rent of $459.
There are currently 32 properties listed for sale, and 16 properties listed for rent in Bonshaw on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Bonshaw.

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Penny Shields
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