FOR SALE
Auction Saturday 30th November 2024 AT 4:00PM

10 Poyner Circuit
Mickleham VIC 3064

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Sat 30 Nov 4:00 pm
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Developed Estate: Perfect Corner Block for Sale in Mickleham

In the ever-expanding realm of real estate, the allure of owning a property in a rapidly growing suburb holds tremendous appeal for both homebuyers and investors alike. Mickleham, a suburb on Melbourne's northern fringe, is one such area that has garnered increasing attention due to its development, lifestyle opportunities, and strategic location. Among the numerous properties available in this area, a perfect corner block within a developed estate presents an exceptional opportunity for prospective buyers.
This essay examines the key aspects that make a developed estate in Mickleham, particularly a corner block, a prime choice for those looking to build a home or invest. The discussion will delve into Mickleham's growth and development, the unique advantages of a corner block, and the broader benefits of living in a well-planned, modern estate.
1. Growth and Development of Mickleham
Mickleham has seen substantial development in recent years as Melbourne's population continues to expand outward from the city center. Historically a semi-rural area, Mickleham is now undergoing rapid urbanization, with new housing developments, schools, shopping precincts, and recreational facilities springing up to meet the needs of its growing population. The Victorian government has identified Mickleham as part of its Northern Growth Corridor Plan, which highlights the suburb's strategic importance in catering to the increasing demand for residential space.
The burgeoning infrastructure in Mickleham adds to its appeal as a desirable location. New roads and transport links are being developed, making commuting to Melbourne's central business district and other parts of the city more convenient. The estate in which the corner block is located benefits from proximity to key amenities, such as schools, parks, and shopping centers, enhancing the quality of life for residents.
2. The Appeal of a Corner Block
One of the standout features of the property in question is its status as a corner block. Corner blocks have long been considered highly desirable in the real estate market for several reasons. Firstly, they offer increased flexibility when it comes to designing and building a home. With dual access to the property from two streets, architects and builders have more freedom to create a design that maximizes both indoor and outdoor spaces. Additionally, corner blocks often receive more natural light due to their exposure on two sides, which can improve the aesthetics and energy efficiency of the home.
From a lifestyle perspective, a corner block provides greater privacy and space compared to mid-block properties. With fewer neighboring houses sharing boundaries, residents enjoy a more open and less confined environment. Moreover, corner blocks often have larger land sizes, offering more room for gardens, outdoor entertainment areas, or even future extensions to the home.
For investors, the resale value of corner blocks tends to be higher than other types of lots. Their flexibility, enhanced visibility, and larger land size make them attractive to a wider range of buyers, ensuring that properties on corner blocks hold their value well in the market.
3. Benefits of Living in a Developed Estate
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Property Details for 10 Poyner Cct, Mickleham

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About Mickleham 3064

The size of Mickleham is approximately 54.7 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Mickleham in 2011 was 1,184 people. By 2016 the population was 3,141 showing a population growth of 165.3% in the area during that time. The predominant age group in Mickleham is 20-29 years. Households in Mickleham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mickleham work in a trades occupation. In 2011, 91.6% of the homes in Mickleham were owner-occupied compared with 90.6% in 2016.

Mickleham has 13,085 properties. Over the last 5 years, Houses in Mickleham have seen a 33.78% increase in median value, while Units have seen a 6.19% increase. As at 30 September 2024:

  • The median value for Houses in Mickleham is $721,471 while the median value for Units is $528,099.
  • Houses have a median rent of $540 while Units have a median rent of $470.
There are currently 169 properties listed for sale, and 30 properties listed for rent in Mickleham on OnTheHouse. According to CoreLogic's data, 770 properties were sold in the past 12 months in Mickleham.

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