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47-49 Westwood Drive
Ravenhall VIC 3023

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1495m2
Land area: 11700m2
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EAT THE WHOLE CAKE OR A SLICE!

High Exposure site - DEVELOP OR OCCUPY
We are thrilled to present an exclusive opportunity brought to you by The Agents Commercial. For the very first time, we introduce 47-49 Westwood Dr, Ravenhall, available for sale through expressions of interest.
This prime corner site, connected to Westwood Drive, holds a strategic location at Ravenhall's busiest intersection.
You have two enticing options: either subdivide and develop multiple warehouses (subject to council approval), or acquire the property with the existing truck wash shed.
Situated amidst a vibrant commercial precinct, the site benefits from the ongoing development of new residential areas in the surrounding suburbs of Caroline Springs, Deer Park, Derrimut, and Truganina.
Key features of the site include:
Option 1 : Site area: 3,843sqm*
Option 2 : Site Area: 5,400sqm*
Option 3 : Site Area : 11,700sqm*
Convenient access via Fuller Road
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Property Details for 47-49 Westwood Dr, Ravenhall

Building Type
Commercial
Floor Size
1495m2
Land Size
11700m2

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About Ravenhall 3023

The size of Ravenhall is approximately 13.6 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of Ravenhall in 2011 was 688 people. By 2016 the population was 1,162 showing a population growth of 68.9% in the area during that time. The predominant age group in Ravenhall is 20-29 years. Households in Ravenhall are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ravenhall work in a trades occupation. In 2006, 25% of the homes in Ravenhall were owner-occupied compared with 74.4% in 2011.

Ravenhall has 1,303 properties. Over the last 5 years, Houses in Ravenhall have seen a 140.54% increase in median value, while Units have seen a 42.71% increase. As at 31 August 2024:

  • The median value for Houses in Ravenhall is $811,237 while the median value for Units is $761,958.
There are currently 5 properties listed for sale, and 11 properties listed for rent in Ravenhall on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Ravenhall.

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Swarit Verma
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