FOR SALE
$230,000.00

7 Euroka Crescent
Churchill VIC 3842

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 557m2
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Vacant Block of Land with Rooming House Development Potential in Churchill

Here is your chance to secure a vacant block of land in the charming township of Churchill, presenting an excellent opportunity for the savvy investor. With plans in place to construct a rooming house, this property holds great potential for those looking to capitalize on the growing demand for affordable housing options in the area.
Features:
Prime Location: Situated in the heart of Churchill, this vacant block of land benefits from its proximity to all the amenities and attractions the town has to offer. Enjoy easy access to local shops, restaurants, schools, parks, and public transportation, ensuring convenience for future occupants of the rooming house.
Rooming House Development Plans: The property comes with approved plans to build a rooming house, making it an attractive investment option for those seeking to cater to the increasing demand for affordable shared accommodation. Rooming houses offer an excellent opportunity to provide housing solutions for students, young professionals, or individuals looking for cost-effective living arrangements.
Growing Township: Churchill is a lovely township that has been experiencing steady growth in recent years. With a welcoming community, scenic surroundings, and proximity to major urban centers, the town offers a desirable living environment. As a result, there is a rising demand for housing options, making this property an appealing investment prospect.
Customizable Opportunity: The vacant block of land provides a blank canvas for the development of the rooming house. Investors have the freedom to bring their vision to life, ensuring that the property aligns with their specific goals and requirements. Customize the design, layout, and amenities to attract the target demographic and maximize the potential return on investment.
Further Details: For more information, including specific details about the property, development plans, and investment potential, please contact us directly via phone or email. Our team is ready to provide you with the necessary information to make an informed decision and explore this fantastic opportunity further.
Don't miss out on this fantastic chance to acquire a vacant block of land with plans to build a rooming house in the thriving township of Churchill. Whether you're an experienced investor or looking to enter the real estate market, this property offers an exciting venture with the potential for substantial returns. Reach out to us today to learn more and secure this promising investment opportunity.

Property Details for 7 Euroka Cres, Churchill

Building Type
Land
Land Size
557m2

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About Churchill 3842

The size of Churchill is approximately 21.2 square kilometres. It has 15 parks covering nearly 6.1% of total area. The population of Churchill in 2011 was 4,943 people. By 2016 the population was 4,772 showing a population decline of 3.5% in the area during that time. The predominant age group in Churchill is 20-29 years. Households in Churchill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Churchill work in a trades occupation. In 2011, 68.5% of the homes in Churchill were owner-occupied compared with 65.6% in 2016.

Churchill has 2,656 properties. Over the last 5 years, Houses in Churchill have seen a 89.52% increase in median value, while Units have seen a 57.66% increase. As at 31 October 2024:

  • The median value for Houses in Churchill is $360,948 while the median value for Units is $311,343.
  • Houses have a median rent of $380.
There are currently 20 properties listed for sale, and 1 property listed for rent in Churchill on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Churchill.

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