FOR SALE
ESR: $1,100,000 - $1,200,000

198-200 Grimshaw Street
Greensborough VIC 3088

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Plans And Permits For Five Town Houses!

Expressions of Interest: Offers Close Tuesday 24th September at 5pm (Unless Sold Prior)
Perfect for the astute developer looking to capitalise on the existing plans and permits, this expansive 948 m2 allotment (approx.) a short walk from the heart of every Greensborough amenity, including Greensborough Plaza, the station, the delights of Main Street, and schools ensures a project with a clear path to success and a rewarding return on investment.
A ready-to-initiate development, it sits in a highly sought-after pocket with a proven sales record and a strong demand for quality new homes. All five townhouses include a ground-floor main with an ensuite and two first-floor bedrooms sharing a large bathroom. They are complemented by an open-plan living-meals anchored by the kitchen and stretching out to a generous balcony. Double garages with internal access round out an easy-to-sell or rent proposition.
Existing plans and permits introduce the possibility to take advantage of prevailing strong off the plan buying conditions, commencing pre-sale marketing at the earliest opportunity.
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Property Details for 198-200 Grimshaw St, Greensborough

198-200 Grimshaw St, Greensborough is a 3 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with Morrison Kleeman Eltham | Greensborough | Doreen.

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House

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About Greensborough 3088

The size of Greensborough is approximately 10.2 square kilometres. It has 41 parks covering nearly 12.1% of total area. The population of Greensborough in 2011 was 20,552 people. By 2016 the population was 20,803 showing a population growth of 1.2% in the area during that time. The predominant age group in Greensborough is 40-49 years. Households in Greensborough are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greensborough work in a professional occupation. In 2011, 81.6% of the homes in Greensborough were owner-occupied compared with 80.4% in 2016.

Greensborough has 9,926 properties. Over the last 5 years, Houses in Greensborough have seen a 35.01% increase in median value, while Units have seen a 23.84% increase. As at 31 August 2024:

  • The median value for Houses in Greensborough is $1,066,509 while the median value for Units is $712,172.
  • Houses have a median rent of $600 while Units have a median rent of $495.
There are currently 36 properties listed for sale, and 9 properties listed for rent in Greensborough on OnTheHouse. According to CoreLogic's data, 317 properties were sold in the past 12 months in Greensborough.

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Morrison Kleeman Eltham | Greensborough | Doreen
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