FOR SALE
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35 Railway Road
Neerim South VIC 3831

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 5ac
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"Prime 5-Acre Development Opportunity in Neerim South - Zoned & Ready for Future Returns!"

Discover a unique opportunity in the heart of Neerim South with this prime 5-acre development parcel. Zoned General Residential Zone 1, this property is perfect for your next project.
Key features include:
A solid brick veneer home with 4 bedrooms and 2 bathrooms
Current potential rental income of approximately $35,000- $42,000 per annum
Borders an existing developed housing estate
This picturesque land offers an ideal setting for a premium estate, catering to the growing population needs of rural Victoria.
Don't miss your chance to develop in the highly sought-after township of Neerim South and create a thriving community.
Contact Jackie Shearer for further information and price guide
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Property Details for 35 Railway Rd, Neerim South

35 Railway Rd, Neerim South is a 4 bedroom, 2 bathroom AcreageSemi-rural with 2 parking spaces. The property has a land size of 5ac. The place is currently for sale with Ray White Yarragon.

Building Type
AcreageSemi-rural
Land Size
5ac

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About Neerim South 3831

The size of Neerim South is approximately 63.9 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Neerim South in 2011 was 1,193 people. By 2016 the population was 1,302 showing a population growth of 9.1% in the area during that time. The predominant age group in Neerim South is 50-59 years. Households in Neerim South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Neerim South work in a professional occupation. In 2011, 81.5% of the homes in Neerim South were owner-occupied compared with 82.9% in 2016.

Neerim South has 964 properties. Over the last 5 years, Houses in Neerim South have seen a 61.91% increase in median value, while Units have seen a 56.52% increase. As at 30 September 2024:

  • The median value for Houses in Neerim South is $657,564 while the median value for Units is $517,796.
  • Houses have a median rent of $490.
There are currently 13 properties listed for sale, and no properties listed for rent in Neerim south on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in Neerim south.

Suburb Insights for Neerim South 3831

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Contact agent
Jackie Shearer
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Cain Steenholdt
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Ray White Yarragon
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.