FOR SALE
$180,000 - $198,000

34 Elwood Avenue
Sunshine North VIC 3020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 598m2
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Prime Corner Allotment – Commercial Block Available

SALE BY SET DATE CLOSES WEDNESDAY 15TH JANUARY 2025 AT 4.00PM (UNLESS SOLD PRIOR)
Exciting opportunity to secure approximately 598m2 of commercial land, ideally located on a prime corner allotment in the rapidly developing Sunshine North area. This up-and-coming land presents an excellent economic buy in a potential future industrial zone.
Currently un-serviced (no roads, electricity, sewerage, water, etc.), the necessary infrastructure is yet to be implemented, with services expected at a later date. Interested buyers are strongly encouraged to conduct their own inspection and due diligence to understand the costs and timeline for service implementation before making an offer.
Don't miss out on this exceptional opportunity in a growing location!

Property Details for 34 Elwood Ave, Sunshine North

Building Type
Land
Land Size
598m2

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About Sunshine North 3020

The size of Sunshine North is approximately 7.9 square kilometres. It has 11 parks covering nearly 8.9% of total area. The population of Sunshine North in 2011 was 10,636 people. By 2016 the population was 11,702 showing a population growth of 10.0% in the area during that time. The predominant age group in Sunshine North is 20-29 years. Households in Sunshine North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine North work in a labourer occupation. In 2011, 70.9% of the homes in Sunshine North were owner-occupied compared with 67.2% in 2016.

Sunshine North has 6,906 properties. Over the last 5 years, Houses in Sunshine North have seen a 10.35% increase in median value, while Units have seen a 12.71% increase. As at 31 October 2024:

  • The median value for Houses in Sunshine North is $726,426 while the median value for Units is $528,491.
  • Houses have a median rent of $480 while Units have a median rent of $500.
There are currently 63 properties listed for sale, and 18 properties listed for rent in Sunshine north on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Sunshine north.

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Walter Mahch
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BARRY PLANT KEILOR EAST
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