FOR SALE
Sale Price Unavailable

26-30 Mill Road
Kilmore VIC 3764

Bedrooms: 4
Bathrooms: 2
Car spaces: 9
Land area: 2.97ha
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Exceptional Development Opportunity in the Heart of Kilmore

Inwest Real Estate is proud to present an extraordinary development opportunity in the heart of Kilmore. We invite all investors and developers to secure this unique and highly sought-after property at 26-30 Mill Road Kilmore.
This prime real estate offers 7 acres of land with excellent exposure.
Following the recent council rezoning of Kilmore's south-east growth precinct from the farming and rural living zones to a growth residential zone, Kilmore is poised to become the next major growth area.
Development Potential:
Concept Plan : Potential future subdivision into Minimum half-acre lots (STCA) once the sewerage is connected to the property, which is expected in the near future (refer to the VPA). plus building envelop concept plan.
The property is strategically located across from approved major residential and commercial developments, including a retail hub, kindergarten, government primary school, and sporting grounds. These developments will significantly enhance the value of this prime location.
Additional highlights include:
A house in each property, both to be demolished.
17-18 lots (STCA) lodged in the council for permit approval, with each lot estimated to be half an acre. Sales of half-acre lots in the area are circa $600-$700 K.
Feasibility calculations suggest a Gross Realization Value (GRV) of $11,900,000.00 based on $700 K per lot, with major costs involved including roads, sewerage works, and engineering works (approx. $2 million).
See More

Property Details for 26-30 Mill Rd, Kilmore

Building Type
Rural
Land Size
2.97ha

Commute Calculator

About Kilmore 3764

The size of Kilmore is approximately 58 square kilometres. It has 21 parks covering nearly 2.7% of total area. The population of Kilmore in 2011 was 6,677 people. By 2016 the population was 7,972 showing a population growth of 19.4% in the area during that time. The predominant age group in Kilmore is 10-19 years. Households in Kilmore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kilmore work in a trades occupation. In 2011, 74.8% of the homes in Kilmore were owner-occupied compared with 72.1% in 2016.

Kilmore has 5,296 properties. Over the last 5 years, Houses in Kilmore have seen a 34.85% increase in median value, while Units have seen a 28.65% increase. As at 31 October 2024:

  • The median value for Houses in Kilmore is $656,291 while the median value for Units is $405,221.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 63 properties listed for sale, and 6 properties listed for rent in Kilmore on OnTheHouse. According to CoreLogic's data, 231 properties were sold in the past 12 months in Kilmore.

Kilmore Profile Page

Suburb Insights for Kilmore 3764

Visit Kilmore profile page
Market Insights
Kilmore Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Kilmore Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Kilmore profile page
Contact agent
Lateef Mohammed
Show contact details
Call agent
Safwat Ali
Show contact details
Call agent
QUBA Real Estate & Business Agency (VIC)
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED