Its positioned within Prospect Councils Urban Corridor Zone - Boulevard Policy Area and comes with Development Approval granted for 4 new Dwellings (Development number 050/529/2019). Approved Building Rules Consent and construction drawings are included in the sale of this property. (plans available on request).
Approved New dwellings are all two storeys with 3 good-sized bedrooms (with 01 Ensuite), open plan living-dining-kitchen, two living/family spaces, 2.5 Bathroom and one single garage.
Well located in Prospect, where its closest to the all the best amenities of urban life:
The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.
Prospect has 6,902 properties. Over the last 5 years, Houses in Prospect have seen a 95.42% increase in median value, while Units have seen a 52.53% increase. As at 30 September 2024:
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