30 Elms RoadBangholme VIC 3175
Property Details for 30 Elms Rd, Bangholme
Last Listing description (November 2024)
Apogeez Real Estate Group is pleased to exclusively present, on behalf of our valued client an outstanding investment opportunity in one of Melbourne's most promising growth areas. Located just minutes from EastLink and a short 45-minute drive to the CBD, this expansive Green Wedge site spans approximately 21,998 sqm (5.4 acres).
Positioned on the edge of Dandenong's thriving residential and commercial precincts, it is ideal for strategic land banking or future commercial development. Situated on Elms Road, Bangholme, the property enjoys excellent connectivity to key transport links, including EastLink, South Gippsland Highway, Western Port Highway, and Thompson Road interchange.
A newly installed portable container is now situated on the property, equipped with both an electricity connection and a split air conditioning system. It is fully fenced and ready for vacant possession, providing immediate potential for various uses. Crushed rock has been laid at the entrance of the property to provide parking space for cars.
This site offers potential for future rezoning (STCA), making it an excellent choice for land banking. Its significant size and strategic location present a rare opportunity to invest in a rapidly expanding area with tremendous growth prospects. Astute investors can explore a range of development possibilities, including commercial, recreational, hobby farm, or lifestyle (STCA)
It also offers ample space to create a lifestyle retreat, providing a generous setting for families to enjoy a vibrant outdoor living experience.
Whether for land banking or development, this site offers limitless possibilities. Don't miss out on securing this prime piece of Melbourne's booming South-East.
For more details or to arrange a site inspection, please contact Avi Dhillon 0450 137 207.
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 30 Elms Rd, Bangholme, VIC 3175
- 13 Nov 2024Listed for Sale $2,100,000 - $2,200,000
- 14 Sep 2023Listed for Sale Not Disclosed
- 31 Mar 2021Sold for $1,120,000
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0About Bangholme 3175
The size of Bangholme is approximately 23.6 square kilometres. It has 4 parks covering nearly 6% of total area. The population of Bangholme in 2011 was 797 people. By 2016 the population was 786 showing a population decline of 1.4% in the area during that time. The predominant age group in Bangholme is 70-79 years. Households in Bangholme are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bangholme work in a clerical occupation. In 2011, 81.5% of the homes in Bangholme were owner-occupied compared with 84.2% in 2016..
Bangholme has 192 properties. Over the last 5 years, Houses in Bangholme have seen a 29.08% increase in median value, while Units have seen a 198.40% increase. As at 31 October 2024:
- The median value for Houses in Bangholme is $1,334,427 while the median value for Units is $1,432,043.
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