FOR SALE
$650,000 - $710,000

20 Mahony Street
Upwey VIC 3158

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 1020m2
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Central Corner Allotment with NRZ2 Zoning

* Enter via View Street
Expand your horizons with this incredible investment property situated only 200m from Upwey township and train station. The perfect candidate for a new lease on life or premier development, the options are infinite at this compelling quarter-acre property.
This corner block is currently home to a charming 2-bedroom weatherboard cottage with workshop. Ready for renovation to capitalise on the high ceilings, kitchen with breakfast nook, and covered front verandah overlooking the garden, there is plenty of promise on offer.
Alternatively, capitalise on this prized 1,020sqm (approx.) allotment that offers rare NRZ2 zoning. With this much potential to build a dream home or a multi-dwelling development (STCA) in this highly sought-after pocket near cafes, shopping, schools, and transport, this is an opportunity not to be overlooked.
Guaranteed to attract attention, prompt inspection is highly recommended. Plan your viewing today.
- Options to renovate or redevelop (STCA)
- Over one-quarter acre (approx.) property steps from central Upwey
- Highly coveted corner block with NRZ2 zoning for potential subdivision
- Period weatherboard cottage with charming covered verandah
- External workshop/shed and gated off-street parking
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Property Details for 20 Mahony St, Upwey

20 Mahony St, Upwey is a 2 bedroom, 1 bathroom House. The property has a land size of 1020m2. The place is currently for sale with Chandler and Co Real Estate.

Building Type
House
Land Size
1020m2

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About Upwey 3158

The size of Upwey is approximately 6.2 square kilometres. It has 12 parks covering nearly 14.8% of total area. The population of Upwey in 2011 was 6,963 people. By 2016 the population was 6,648 showing a population decline of 4.5% in the area during that time. The predominant age group in Upwey is 40-49 years. Households in Upwey are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upwey work in a professional occupation. In 2011, 87.2% of the homes in Upwey were owner-occupied compared with 88.1% in 2016.

Upwey has 2,792 properties. Over the last 5 years, Houses in Upwey have seen a 25.77% increase in median value, while Units have seen a 25.52% increase. As at 30 November 2024:

  • The median value for Houses in Upwey is $888,492 while the median value for Units is $618,054.
  • Houses have a median rent of $650 while Units have a median rent of $383.
There are currently 16 properties listed for sale, and 5 properties listed for rent in Upwey on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Upwey.

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Suzie Brannelly
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Daniel Steen
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Chandler and Co Real Estate
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