FOR SALE
$195,000

Lot 2, 357 Paschendale Avenue
Merbein VIC 3505

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8.093ha
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Redevelopment Opportunity

Well located just a few minutes drive to all Merbein's facilities is approximately 19.9 acres of property - perfect redevelopment opportunity for the savvy horticulturist (Subject to Council Approval). Currently planted are various grape varieties such as, Gordos, Shiraz & sultanas, plus approximately 140 mature established Olive trees. The vines are serviced by under vine drippers, while the property comes with an AUL (Annual Use Limit) of 45.9ML of water access.
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Property Details for Lot 2, 357 Paschendale Ave, Merbein, VIC 3505

Building Type
Land
Land Size
8.093ha

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About Merbein 3505

The size of Merbein is approximately 34.5 square kilometres. It has 7 parks covering nearly 7.1% of total area. The population of Merbein in 2011 was 2,671 people. By 2016 the population was 2,699 showing a population growth of 1.0% in the area during that time. The predominant age group in Merbein is 50-59 years. Households in Merbein are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein work in a trades occupation. In 2011, 73.2% of the homes in Merbein were owner-occupied compared with 71.5% in 2016.

Merbein has 1,585 properties. Over the last 5 years, Houses in Merbein have seen a 70.94% increase in median value, while Units have seen a 47.28% increase. As at 31 October 2024:

  • The median value for Houses in Merbein is $330,388 while the median value for Units is $273,545.
  • Houses have a median rent of $350 while Units have a median rent of $195.
There are currently 21 properties listed for sale, and 3 properties listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Merbein.

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Carol Foster
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Ian Miers
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