FOR SALE
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12 Gosford Crescent
Broadmeadows VIC 3047

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 597m2
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Investment Opportunity in Broadmeadows! Plans & Permits for 3 Town Houses & NDIS/SDA Opportunity

Looking for a lucrative investment opportunity? Look no further! We are thrilled to present an exceptional property in the highly sought-after pocket of Broadmeadows, offering incredible development potential. With all the hard work already done, this property comes with **Plans & Permits** in place for the construction of **3 Town Houses**.
Additionally there is interest in the site to build an SDA/NDIS property. We are currently working with a reputable NDIS/SDA project team who are able to provide information regarding this project.
Situated within close proximity to Broadmeadows Train Station, this property is ideal for astute investors or individuals seeking an established home on a spacious 597m2 (approx.) plot. Imagine the potential returns when you retain the existing home and bungalow at the back as an investment!
The location of this property is truly unbeatable. With easy access to Broadmeadows shopping centre, Melbourne Airport, Train Station, and local primary and secondary schools, convenience is at your doorstep. Whether you're a seasoned investor or a first-time buyer, this property presents an incredible opportunity to capitalize on the ever-growing demand in this area.
Don't miss out on this fantastic chance to secure a valuable property in a prime location. Let us assist you in making this investment a reality.
Hello,
JV Opportunity - Given the escalating demand for Specialist Disability Accommodation (SDA), the sellers are contemplating redirecting the plans towards the development of SDA residences on the site. This decision is driven not just by the potential for a higher yield but also by the unique opportunity to contribute positively to our community.
The site is particularly favourable for an SDA development. We have received encouraging feedback from our approved SDA provider, highlighting the following aspects:
• A level and flat streetscape, making the location highly accessible.
• The existence of established footpaths in the area.
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Property Details for 12 Gosford Cres, Broadmeadows

Building Type
Land
Land Size
597m2

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About Broadmeadows 3047

The size of Broadmeadows is approximately 8.4 square kilometres. It has 13 parks covering nearly 14.2% of total area. The population of Broadmeadows in 2011 was 10,579 people. By 2016 the population was 11,981 showing a population growth of 13.3% in the area during that time. The predominant age group in Broadmeadows is 20-29 years. Households in Broadmeadows are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broadmeadows work in a labourer occupation. In 2011, 56.3% of the homes in Broadmeadows were owner-occupied compared with 47.1% in 2016.

Broadmeadows has 6,284 properties. Over the last 5 years, Houses in Broadmeadows have seen a 8.83% increase in median value, while Units have seen a 5.66% increase. As at 31 August 2024:

  • The median value for Houses in Broadmeadows is $576,477 while the median value for Units is $425,076.
  • Houses have a median rent of $480 while Units have a median rent of $450.
There are currently 29 properties listed for sale, and 19 properties listed for rent in Broadmeadows on OnTheHouse. According to CoreLogic's data, 265 properties were sold in the past 12 months in Broadmeadows.

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Tracie Harrington
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HARRINGTONS REALTY
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