FOR SALE
$450,000 - $499,000

16-20 King Street
Rochester VIC 3561

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12000m2
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DEVELOPMENT OPPORTUNITY

Residential zoned land being 12000m2 in total (2.965 acres or 1.2 Hectares).
With Rochester and surrounding areas experiencing unprecedented high demand for residential building blocks, and with zero availability of blocks for sale at the present time, there is certainly an opportunity for a subdivided development (STCA) to be offed to the market at a time with exceptionally high buyer demand offering the chance of a fast payback of capital to the developer.
All services available but not connected.
Property is offered for unconditional sale as a whole. Property consists of 3 titles as per below details:
Volume 7481 Folio 027 Lots 18 and 19 on PS005546 -2 allotments 6072m2.
Volume 3688 Folio 452 lot 20 PS005546 -1 allotment approx. 3036m2.
Volume 4363 Folio 401 lot 22 PS005546 -1 allotment approx. 3036m2.
Call Luke Ryan on 0438 841 127 to discuss this opportunity.
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Property Details for 16-20 King St, Rochester

Building Type
Land
Land Size
12000m2

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About Rochester 3561

The size of Rochester is approximately 86.4 square kilometres. It has 9 parks covering nearly 4.3% of total area. The population of Rochester in 2011 was 3,135 people. By 2016 the population was 3,100 showing a population decline of 1.1% in the area during that time. The predominant age group in Rochester is 50-59 years. Households in Rochester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rochester work in a managers occupation. In 2011, 77.5% of the homes in Rochester were owner-occupied compared with 76.3% in 2016.

Rochester has 1,880 properties. Over the last 5 years, Houses in Rochester have seen a 39.70% increase in median value, while Units have seen a 33.17% increase. As at 31 December 2024:

  • The median value for Houses in Rochester is $324,466 while the median value for Units is $280,877.
  • Houses have a median rent of $500 while Units have a median rent of $175.
There are currently 102 properties listed for sale, and 1 property listed for rent in Rochester on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Rochester.

Suburb Insights for Rochester 3561

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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.