FOR SALE
$200,000 - $220,000

62 Penna Avenue
Sunshine North VIC 3020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 581m2
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Vacant Industrial Land

Unlock the future potential of this exceptional 581m² (approx.) industrial block, strategically located in the thriving suburb of Sunshine North, just moments from McIntyre Road. This un-serviced plot, currently without roads, power, or water, presents an incredible opportunity for visionary investors to secure land in a high-growth area.
With Sunshine North experiencing rapid population growth and extensive infrastructure projects, this block is ideally positioned for significant long-term appreciation. Whether you’re a land banker or looking to diversify your portfolio, this property offers unparalleled potential for future returns as the area develops.
Don’t miss your chance to capitalize on one of the last undeveloped parcels in a location destined for transformation. Secure your investment today and watch its value soar in the years to come!
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Property Details for 62 Penna Ave, Sunshine North

Building Type
Land
Land Size
581m2

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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 6,915 properties. Over the last 5 years, Houses in Sunshine North have seen a 11.35% increase in median value, while Units have seen a 12.11% increase. As at 30 November 2024:

  • The median value for Houses in Sunshine North is $740,266 while the median value for Units is $536,816.
  • Houses have a median rent of $490 while Units have a median rent of $500.
There are currently 59 properties listed for sale, and 14 properties listed for rent in Sunshine north on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Sunshine north.

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Ben Malaga
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Luke Vitas
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Malaga Real Estate
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