FOR SALE
$750,000 - $820,000

24a & 24b Stanley Street
Wallan VIC 3756

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.1624ha
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Approved Plans to Construct 5 Dwellings on Two Separate Titles

LJ Hooker Wallan proudly presents the listing of 24A & 24B Stanley St, Wallan, boasting generous allotments of 1120m2 & 504m2 respectively. Strategically located in the heart of Wallan, these parcels offer lucrative potential, featuring approved plans for five units – four with 3 bedrooms and one with 2 bedrooms.
Emphasizing both privacy and natural light, these properties are ideal for families, with proximity to shopping, schools, medical facilities, and recreational areas. Each unit promises stylish living spaces, premium finishes, and well-appointed kitchens, ensuring comfort and satisfaction for residents.
The area's accessibility via the Hume Freeway enhances convenience, facilitating easy commutes to Melbourne CBD and beyond. Moreover, with a burgeoning population and abundant employment opportunities nearby, this development presents an enticing prospect for investors seeking significant returns.
In summary, LJ Hooker Wallan invites you to seize this exceptional opportunity, marked by quality, convenience, and potential for growth. Don't miss out on the chance to be part of Wallan's thriving community.
Highlights:
-800 meters from Wellington Shopping Centre
-Less than 5 minutes to Hume Highway
-Approved Sub-division for 5 units
-Less than 5 minutes to Wallan Train Station
-2 street frontages - Stanley St and Wellington St
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Property Details for 24a & 24b Stanley St, Wallan

Building Type
Land
Land Size
0.1624ha

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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 9,798 properties. Over the last 5 years, Houses in Wallan have seen a 27.19% increase in median value, while Units have seen a 36.22% increase. As at 30 November 2024:

  • The median value for Houses in Wallan is $651,387 while the median value for Units is $478,945.
  • Houses have a median rent of $470 while Units have a median rent of $410.
There are currently 190 properties listed for sale, and 26 properties listed for rent in Wallan on OnTheHouse. According to CoreLogic's data, 413 properties were sold in the past 12 months in Wallan.

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Inderpreet Singh
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