FOR SALE
$1,450,000 - $1,595,000

175 Cape Street
Heidelberg VIC 3084

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 837m2
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Mortgagee in Possession. Must Be Sold.

Introducing the opportunity of 175 Cape Street. Vacant land calling out to all developers
Highlighted by two street crossovers and elevated views to the Heidelberg Park hill, this impressively large and light-capturing property spanning 837m2 (approx.) is ready to be transformed and reap exceptional rewards.
Conveniently located between the Burgundy Street precinct and Rosanna Village, this picturesque site presents a substantial blank canvas for builders and developers to get inspired and draft exciting plans for multiple townhouses or a brand-new family home (STCA).
Wide east-facing frontage with gentle elevation introduces the excellent dimensions and exceptional orientation of this extensive allotment that offers a magnificent invitation to redevelop or rebuild in a prized lifestyle location.
The position is perfectly conducive to the options available here as just nearby for the utmost convenience are sought-after attractions including cafes, restaurants, specialty shops, supermarkets such as Leo's Fine Food & Wine, Heidelberg and Rosanna train stations, Yarra River parkland and trails, Austin and Mercy Hospitals, La Trobe University, Heidelberg Primary School and Viewbank College.
Vacant, vast and versatile, this inviting property is all set to be a beautiful boutique sanctuary.
Expressions of Interest closing 12pm on the 16th of August 2024.
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Property Details for 175 Cape St, Heidelberg

Building Type
Land
Land Size
837m2

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About Heidelberg 3084

The size of Heidelberg is approximately 2.9 square kilometres. It has 13 parks covering nearly 20% of total area. The population of Heidelberg in 2011 was 5,712 people. By 2016 the population was 6,250 showing a population growth of 9.4% in the area during that time. The predominant age group in Heidelberg is 30-39 years. Households in Heidelberg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg work in a professional occupation. In 2011, 63.4% of the homes in Heidelberg were owner-occupied compared with 57.2% in 2016.

Heidelberg has 4,397 properties. Over the last 5 years, Houses in Heidelberg have seen a 16.45% increase in median value, while Units have seen a 11.13% increase. As at 30 November 2024:

  • The median value for Houses in Heidelberg is $1,393,104 while the median value for Units is $685,768.
  • Houses have a median rent of $625 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 7 properties listed for rent in Heidelberg on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Heidelberg.

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