FOR SALE
$870,000

256 Settlement Road
Drouin VIC 3818

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1855m2
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Exceptional 1855m2 vacant allotment- Ideal for a multitude of uses

With potential only limited by your imagination this sensational flat allotment Zoned General Residential 1 provides a blank canvas for further development a number of different ways (STCA) . Offering significant potential for a wide range of residential developments and select business opportunities allowed in a General Residential Zone and an impressive 45 meters of street frontage, the property provides excellent accessibility and flexibility for future projects. The location is ideal for community-based businesses that would seamlessly integrate into a residential setting.
Ideally located just 1.1km from the vibrant heart of Drouin's CBD, this site is within walking distance of shops, cafes, schools, and other essential amenities, making it an ideal location for future residential development. Additionally, the property is situated directly opposite the tranquil Bellbird Park, offering a serene outlook and an attractive green space for future residents, a space that will not be developed and will remain a nature reserve.
This exceptional development opportunity combines proximity to all conveniences, potential for capital growth, and a picturesque setting. Don't miss the chance to secure this property for your next project-enquire today!
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Property Details for 256 Settlement Rd, Drouin

Building Type
Land
Land Size
1855m2

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About Drouin 3818

The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4% of total area. The population of Drouin in 2011 was 9,685 people. By 2016 the population was 12,348 showing a population growth of 27.5% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation. In 2011, 72.9% of the homes in Drouin were owner-occupied compared with 71.7% in 2016.

Drouin has 9,290 properties. Over the last 5 years, Houses in Drouin have seen a 39.87% increase in median value, while Units have seen a 33.80% increase. As at 30 November 2024:

  • The median value for Houses in Drouin is $645,849 while the median value for Units is $417,020.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 166 properties listed for sale, and 23 properties listed for rent in Drouin on OnTheHouse. According to CoreLogic's data, 486 properties were sold in the past 12 months in Drouin.

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Elise Davidson
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OBrien Real Estate Clark
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