FOR SALE
$399,000 - $429,000

2 Penny Place
Wallan VIC 3756

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.0901ha
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Large Corner Allotment - 901sqm

Located in the prestigious Springridge Estate, this corner allotment is perfect for building a large family home or may be suitable for a three lot development, subject to council approval. The land is titled and has all services available, so it is ready to commence your build.
The property is just a short drive to the Wellington Square Shopping Centre, primary school, secondary college, Catholic primary school, medical services, parks and public transport.
Large allotments are hard to come by, so be sure to enquire as soon as possible.
For further information about this exceptional parcel of land, please call Inder Singh on 0406 104 794.
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Property Details for 2 Penny Pl, Wallan

Building Type
Land
Land Size
0.0901ha

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About Wallan 3756

The size of Wallan is approximately 69.7 square kilometres. It has 13 parks covering nearly 0.6% of total area. The population of Wallan in 2011 was 8,502 people. By 2016 the population was 11,064 showing a population growth of 30.1% in the area during that time. The predominant age group in Wallan is 0-9 years. Households in Wallan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wallan work in a trades occupation. In 2011, 80.8% of the homes in Wallan were owner-occupied compared with 77.8% in 2016.

Wallan has 9,743 properties. Over the last 5 years, Houses in Wallan have seen a 33.93% increase in median value, while Units have seen a 36.02% increase. As at 31 July 2024:

  • The median value for Houses in Wallan is $652,483 while the median value for Units is $458,671.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 184 properties listed for sale, and 19 properties listed for rent in Wallan on OnTheHouse. According to CoreLogic's data, 390 properties were sold in the past 12 months in Wallan.

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Inderpreet Singh
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LJ Hooker Wallan
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