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675 - 775 Evans Road
Lovely Banks VIC 3213

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Land area: 85.97ha
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Prime Development Opportunity in Lovely Banks!

Address: 675-775 Evans Road, Lovely Banks
Size: Approx. 85.97 hectares / 212.43 Acres
Zoning: Urban Growth Zone (UGZ) - Future Residential
Unlock the potential of this expansive 85.97-hectare parcel located in the heart of the Geelong Northern Growth Corridor! This prime property is strategically positioned for future residential development, making it an exceptional opportunity for investors and developers.
Key Features:
Expansive Land Size: With nearly 86 hectares, this site offers ample space for large-scale residential projects, ensuring a lucrative return on investment.
Urban Growth Zone (UGZ): Situated in a rapidly growing area, the UGZ zoning paves the way for diverse residential development options, aligning with the region's strategic planning initiatives.
Proximity to Amenities: Enjoy easy access to essential amenities, including schools, shopping centers, parks, and transport links, enhancing the appeal of future developments.
Growth Potential: The Geelong Northern Growth Corridor is one of the most sought-after areas, with ongoing infrastructure projects and community developments that promise significant growth and value appreciation.
This is a rare opportunity to secure a substantial landholding in a thriving region. Whether you're looking to develop residential housing, establish a community, or invest for the future, this property is poised for success.
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Property Details for 675 - 775 Evans Rd, Lovely Banks

Building Type
Land
Land Size
85.97ha

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About Lovely Banks 3213

The size of Lovely Banks is approximately 29.9 square kilometres. It has 4 parks covering nearly 0.4% of total area. The population of Lovely Banks in 2011 was 2,218 people. By 2016 the population was 2,296 showing a population growth of 3.5% in the area during that time. The predominant age group in Lovely Banks is 10-19 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation. In 2011, 82.5% of the homes in Lovely Banks were owner-occupied compared with 79.9% in 2016.

Lovely Banks has 1,295 properties. Over the last 5 years, Houses in Lovely Banks have seen a 39.80% increase in median value, while Units have seen a 48.81% increase. As at 30 November 2024:

  • The median value for Houses in Lovely Banks is $629,340 while the median value for Units is $399,559.
  • Houses have a median rent of $580 while Units have a median rent of $375.
There are currently 16 properties listed for sale, and 1 property listed for rent in Lovely banks on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Lovely banks.

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Hiren Luhar
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