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1700 Sewells Road
Mount Cottrell VIC 3024

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Land area: 10.1171ha
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Prime 25 acres in Oakbank PSP

An excellent land banking and development opportunity within the Oakbank Precinct Structure Plan (PSP) is being offered by LJ Hooker Altona North. This property is situated in one of Melbourne's rapidly growing areas in the West.
KEY FEATURES:
- Total Land Area: 25 acres (approx), of which 7 acres (approx) are allocated for the future freeway.
- Zoning: Urban Growth Zone under Oakbank PSP 1088.
- Strategic Location: Ideally positioned near key rail links and major arterial roads such as the Princes and Western Ring Road highways.
- Nearby Amenities: Easy access to multiple primary and secondary schools, medical facilities and a short distance from Riverdale Shopping Centre, the proposed Davis Road Train Station, Glen Wattle
Mosque, Sikh Temple, and Hindu Temple.
- Accessibility: Approximately 30 km from Melbourne CBD and 35 km from Melbourne Airport.
There is a proposed sub-division for 114 lots - subject to council approval. Prospective buyers are advised to complete their due diligence before making any offers. Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 1700 Sewells Rd, Mount Cottrell

Building Type
Land
Land Size
10.1171ha

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About Mount Cottrell 3024

The size of Mount Cottrell is approximately 58.3 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Mount Cottrell in 2011 was 688 people. By 2016 the population was 563 showing a population decline of 18.2% in the area during that time. The predominant age group in Mount Cottrell is 60-69 years. Households in Mount Cottrell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Cottrell work in a trades occupation. In 2011, 74.4% of the homes in Mount Cottrell were owner-occupied compared with 74.6% in 2016.

Mount Cottrell has 531 properties. Over the last 5 years, Houses in Mount Cottrell have seen a -6.96% decrease in median value, while Units have seen a 48.51% increase. As at 31 October 2024:

  • The median value for Houses in Mount Cottrell is $673,460 while the median value for Units is $551,592.
  • Houses have a median rent of $543.
There are currently 30 properties listed for sale, and 3 properties listed for rent in Mount cottrell on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Mount cottrell.

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Lj Hooker Altona North
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Wally Houli
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LJ Hooker Altona North
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