FOR SALE
EOI $1,000,000 - $1,100,000

11-13 Broad Street
Westmeadows VIC 3049

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1760m2
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WHAT AN OPPORTUNITY!

Rare Westmeadows Village Land Opportunity with potential for redevelopment (Subject to Council Approval).
HUGE land of 1,760m2 (approx.) with a loveable home, positioned in the heart of the vibrant Westmeadows Village, this highly sought after but seldom found location could now be yours to potentially re-develop and reap the rewards!
With the updated 3 bedroom brick home ready to live in or lease out, this perfectly rectangular allotment boasts a massive wide frontage of 34 metres (approx.) will allow it the flexibility to best maximise any new development.
Within a stone's throw to parks, walking tracks, buses, schools and shops and with units in the area that are this close to the village in high demand, this prime piece of real estate is now ready for a new beginning.
*For Sale via Expression of Interest closing 16th of September 2024.*
*Photo ID Required for inspections.*
*We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.*
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Property Details for 11-13 Broad St, Westmeadows

11-13 Broad St, Westmeadows is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1760m2. The place is currently for sale with AMS Estate Agents - Eview Group.

Building Type
House
Land Size
1760m2

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About Westmeadows 3049

The size of Westmeadows is approximately 4.8 square kilometres. It has 12 parks covering nearly 33.6% of total area. The population of Westmeadows in 2011 was 5,522 people. By 2016 the population was 5,846 showing a population growth of 5.9% in the area during that time. The predominant age group in Westmeadows is 20-29 years. Households in Westmeadows are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Westmeadows work in a clerical occupation. In 2011, 77.2% of the homes in Westmeadows were owner-occupied compared with 74.1% in 2016.

Westmeadows has 3,267 properties. Over the last 5 years, Houses in Westmeadows have seen a 23.04% increase in median value, while Units have seen a 25.37% increase. As at 31 August 2024:

  • The median value for Houses in Westmeadows is $734,926 while the median value for Units is $563,669.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 11 properties listed for sale, and 2 properties listed for rent in Westmeadows on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Westmeadows.

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Omar Morsi
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AMS Estate Agents - Eview Group
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