FOR SALE
$2,750,000 - $3,025,000

574-576 Grimshaw Street
Bundoora VIC 3083

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1495m2
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Rare Opportunity in Bundoora: Corner Block with Plans & Permits for 7 Townhouses

Ray White Bundoora proudly presents an exceptional offering - a 1,495 sqm corner block with approved plans and permits for 7 townhouses.
Nestled in the heart of Bundoora, this prime location offers unparalleled convenience. Just a short stroll from Aldi, Bundoora Square and Andrew's Place, residents will enjoy easy access to tram 86 and Grimshaw Street bus stops right outside the block.
Families will appreciate the proximity to esteemed primary and secondary schools including Bundoora Primary School, Watsonia Primary School, Watsonia North Primary School, Loyola College, Parade College, Concord School. La Trobe University and RMIT University are also within easy reach.
Don't miss this rare chance to secure a lucrative development opportunity in a sought-after locale, offering easy access to shops, schools, parks and public transport.
Contact us for more information!
Land size: 1495sqm (Approx)
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Property Details for 574-576 Grimshaw St, Bundoora

Building Type
Land
Land Size
1495m2

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About Bundoora 3083

The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2011 was 25,709 people. By 2016 the population was 28,648 showing a population growth of 11.4% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation. In 2011, 75.6% of the homes in Bundoora were owner-occupied compared with 68.9% in 2016.

Bundoora has 13,912 properties. Over the last 5 years, Houses in Bundoora have seen a 28.68% increase in median value, while Units have seen a 21.81% increase. As at 31 August 2024:

  • The median value for Houses in Bundoora is $911,436 while the median value for Units is $505,590.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 78 properties listed for sale, and 29 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 523 properties were sold in the past 12 months in Bundoora.

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Andrew Mizzi
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Alice Rossi
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Ray White Bundoora
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