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5 Dixon Street
Cressy VIC 3322

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Land area: 5ac
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Vacant Land Opportunity in Cressy Suburb - Approx. 5 Acres

Unlock the potential of this prime 5-acre parcel in the heart of Cressy suburb! This unique property presents a fantastic opportunity for developers and investors to subdivide into approximately 39 residential lots, subject to council approval.
Key Features:
Size: Approximately 5 acres, offering ample space for development.
Zoning: Approx. 39 residential lots subdivision (subject to council approval).
Location: Conveniently situated in a growing suburb, close to schools, parks, local shops.
Infrastructure: Access to essential services and utilities nearby, facilitating a smooth development process.
This is a rare opportunity to invest in a rapidly developing area with significant growth potential. Don't miss your chance to be part of Cressy's future-contact us today for more details and to explore this exciting project further!
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist

Property Details for 5 Dixon St, Cressy

Building Type
Land
Land Size
5ac

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About Cressy 3322

The size of Cressy is approximately 115.8 square kilometres. The population of Cressy in 2011 was 433 people. By 2016 the population was 172 showing a population decline of 60.3% in the area during that time. The predominant age group in Cressy is 70-79 years. Households in Cressy are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 85.4% of the homes in Cressy were owner-occupied compared with 77.6% in 2016..

Cressy has 239 properties. Over the last 5 years, Houses in Cressy have seen a 45.38% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cressy is $363,555.
There are currently 3 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Cressy.

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Himansshu Manochaa
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