FOR SALE
Sale by Deadline 13/12/2024

86 Princetown Road
Simpson VIC 3266

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11ha
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Residential Development Opportunity

Recently rezoned from Farm Zone (FZ) to Neighbourhood Residential Zone (NZR) supported by the Corangamite shire to generate developable land to assist with the growing need for housing in the shire, creating an excellent opportunity to purchase this the parcel with a view to fully developing the site for residential housing.
Ideally positioned in the heart of the Heytesbury settlement, home to some of Victoria's most renowned rich agricultural farming land enterprises and supporting industries also within easy reach of the popular tourism townships of Port Campbell and Timboon. The Great Ocean road 12 Apostles international tourist mecca is an easy 20 minutes south, current attracting major development and investment.
Planning permit PP22023/137 has been issue by the Corangamite Shire Council for a multi stage sub division with access to the Princetown road. This includes plans showing up to 84 residential lots varying from 500m2 to almost 1200m2 spread across 5 stages. External authorities have been consulted during the rezoning and planning permit application process and are aware of the development and have consented to the sub division and included conditions within the permit.
Key Points:
• Area zoned NZR available for development 11.3 Ha (approx.)
• Planning permit submitted for 84 lots:
• 15 lots 400 - 600m2
• 24 lots 601 - 850m2
• 4 lots 851m2 +
• 1 possible future integrated development (STCA) super lot (16,801m2)
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Property Details for 86 Princetown Rd, Simpson

Building Type
Commercial
Land Size
11ha

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About Simpson 3266

The size of Simpson is approximately 198.5 square kilometres. It has 4 parks covering nearly 13.8% of total area. The population of Simpson in 2011 was 548 people. By 2016 the population was 576 showing a population growth of 5.1% in the area during that time. The predominant age group in Simpson is 10-19 years. Households in Simpson are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Simpson work in a managers occupation. In 2011, 70.7% of the homes in Simpson were owner-occupied compared with 72.5% in 2016.

Simpson has 296 properties. Over the last 5 years, Houses in Simpson have seen a 65.81% increase in median value. As at 31 October 2024:

  • The median value for Houses in Simpson is $465,388.
There are currently 2 properties listed for sale, and no properties listed for rent in Simpson on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Simpson.

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Gerard Delaney
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Ray White Rural Timboon
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