FOR SALE
$2,300,000 - $2,530,000

170 The Avenue
Coburg VIC 3058

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1845m2
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APPROVED PLANS & PERMITS FOR 14 TOWNHOUSES. A RARE FIND!

This expansive allotment spanning 1845m2 (approx.) presents a myriad of opportunities for prospective buyers. Whether you're envisioning a new family residence or seeking to capitalize on the approved plans and permits for 14 townhouses, this property offers immense potential.
Nestled amidst an array of amenities, its prime location sets the stage for a truly unique investment opportunity. Situated in close proximity to esteemed educational institutions such as Moreland Primary, St. Bernard's Primary, and Maronite Primary, as well as the tranquil settings of Egan Reserve and Campbell Reserve, this property is ideal for families and developers alike.
Conveniently positioned on the outskirts of Brunswick East, residents will enjoy easy access to Nicholson Street, Moreland Road, and Sydney Road shops, cafes, tram and bus lines, as well as the Moreland train station. Local culinary delights such as Old School Pizza & Stone Grill and Cornerstone Pizzeria add to the allure of this vibrant neighborhood.
For the savvy investor, this property represents a perfect opportunity. With all groundwork already completed, simply sit back and appoint a builder to bring your vision to life.
Please contact the agents for a copy of the plans.
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Property Details for 170 The Avenue, Coburg

Building Type
Land
Land Size
1845m2

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About Coburg 3058

The size of Coburg is approximately 7 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2011 was 24,976 people. By 2016 the population was 26,172 showing a population growth of 4.8% in the area during that time. The predominant age group in Coburg is 30-39 years. Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation. In 2011, 65.8% of the homes in Coburg were owner-occupied compared with 62.8% in 2016.

Coburg has 14,579 properties. Over the last 5 years, Houses in Coburg have seen a 18.01% increase in median value, while Units have seen a 11.68% increase. As at 30 November 2024:

  • The median value for Houses in Coburg is $1,202,178 while the median value for Units is $598,596.
  • Houses have a median rent of $695 while Units have a median rent of $540.
There are currently 45 properties listed for sale, and 33 properties listed for rent in Coburg on OnTheHouse. According to CoreLogic's data, 558 properties were sold in the past 12 months in Coburg.

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Andrew Mizzi
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Hilda Leong
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Ray White Bundoora
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