FOR SALE
$800,000 - $850,000

3175 Merton-Euroa Road
Merton VIC 3715

Bedrooms: 4
Bathrooms: 1
Car spaces: 6
Land area: 42734m2
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MULTI-LOT SUBDIVISION INVESTMENT OR FLAT FARM LIVING

* Private inspections available – enquire with agent *
The choice is yours.
This property offers 2 Township Zone allotments:
Lot 1: 2,486.3 m2 (half acre) with 3 bedroom brick veneer home and sheds; and
Lot 2: 40,247.92 m2 (10 acres approx) backing onto Merton Creek with multi-lot subdivision potential.
More than potential, subdivision in the Township Zone is encouraged under the Mansfield planning scheme. There is no minimum lot size in the Township Zone, meaning (provided houses are supported by septic system), the development potential of this site is huge. Enquire with the agent for further details.
The site is perfectly flat, and being located nearby Maroondah Highway, meets the need for affordable housing between Mansfield and Melbourne.
The property is 23 min to Mansfield and 28 min to Yea. It is 7 min to Bonnie Doon / Lake Eildon by car, and only 30 min (10 km) by bicycle along the famous Great Victorian Rail Trail. It is 39 min to Euroa Railway Station (V/Line 2 hr to Melbourne CBD).
The home is a sturdy 3 bedroom brick veneer home with built-in robes, large living room and kitchen, and additional self-contained studio dwelling or 4th bedroom. It is supposed like mains power and solar panel system, and enjoys 14 m x 8 m shed, 4 bay open shed and wood heating and reverse cycle air conditioning. It would make an ideal rental, or can be easily renovated to improve value as a principal place of residence.
Life is all about opportunities, and here you have an untapped opportunity at your fingertips. Rent out the house or live, while you develop the land. Make use of its business potential for light grazing, hay cutting, hard stand storage, or second / third dwelling for your family. Or go the whole hog and subdivide the property as Council intended.
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Property Details for 3175 Merton-Euroa Rd, Merton

3175 Merton-Euroa Rd, Merton is a 4 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 42734m2. The place is currently for sale with Integrity Real Estate.

Building Type
House
Land Size
42734m2

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About Merton 3715

The size of Merton is approximately 119.6 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Merton in 2011 was 303 people. By 2016 the population was 183 showing a population decline of 39.6% in the area during that time. The predominant age group in Merton is 60-69 years. Households in Merton are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Merton work in a managers occupation. In 2011, 86.9% of the homes in Merton were owner-occupied compared with 91.2% in 2016..

Merton has 239 properties. Over the last 5 years, Houses in Merton have seen a 207.27% increase in median value. As at 31 October 2024:

  • The median value for Houses in Merton is $1,780,376.
There are currently 6 properties listed for sale, and no properties listed for rent in Merton on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Merton.

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Rob Verhagen
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