OFF MARKET

14 Wyn Close
Bunkers Hill VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 313000m2
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Property Details for 14 Wyn Cl, Bunkers Hill

Building Type
Commercial
Land Size
313000m2
Local Government
Ballarat
Lot/Plan
2/PS326982

Last Listing description (August 2024)

Jens Veal Byrne are pleased to present this rare and exciting site located in the Western growth corridor of Ballarat.

Situated in the heart of the verdant community known as Bunkers Hill, this site is on the corner of Ballarat-Carngham Road and Wyn Close, and has further access through Prospect Drive.

Some key features of the property include -

- Approximately 23 Hectares - nearly 60 acres
- Council road access through the middle - easier access & increased design flexibility
- Lucas Town Centre - 3 minutes
- Ballarat CBD - 10 minutes
- Within the next residential re-zoning area (STCA)
- Relatively flat land for efficient development
- Home construction sites within a kilometre
- Close to schools and amenities
- High exposure site
- 5 separate titles

Ballarat is on the move, and development sites such as this are extremely rare!

This region of Ballarat has shown exceptional growth over the past 5-year period and the site is flanked by other highly successful residential and retail/commercial developments.

Furthermore, population growth for Ballarat is currently well ahead of projections, and is set to be even higher thanks to the recent changes to the government's immigration policy.

This can only mean that future buyer demand for residential blocks is expected to be very high.

The sheer scale of the predominantly flat site, coupled with its 2 street frontages will facilitate liberal design and enhance a functional layout, so sites of this size and calibre are becoming harder to source, as they simply don't present to the market very often.

With 5 separate titles - and homes on 4 of them, there is scope for a rental return of nearly $10,000 per month in the lead-up to the outworking of the development, or perhaps these homes might even be incorporated into the master plan. Either way, the homes are substantial enough to present the new owner with options.

The purchaser of this site will be placing themselves in an incredibly strong and profitable position to be a key player in meeting the needs of the rapidly growing Ballarat residential market, so if you are interested in researching the opportunity, then ensure that you call Luke Veal on 0438 302 805 for further information..

Property History for 14 Wyn Cl, Bunkers Hill, VIC 3352

A timeline of how this property has performed in the market
Last Transferred
15 Jun 2006
  • 09 Aug 2024
    Listed for Sale Expression of Interest
  • 20 Jul 2023
    Listed for Sale Not Disclosed
  • 15 Jun 2006
    Transferred
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About Bunkers Hill 3352

The size of Bunkers Hill is approximately 12.2 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Bunkers Hill in 2011 was 264 people. By 2016 the population was 267 showing a population growth of 1.1% in the area during that time. The predominant age group in Bunkers Hill is 50-59 years. Households in Bunkers Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bunkers Hill work in a professional occupation. In 2011, 89% of the homes in Bunkers Hill were owner-occupied compared with 93.2% in 2016..

Bunkers Hill has 109 properties. Over the last 5 years, Houses in Bunkers Hill have seen a 47.66% increase in median value. As at 30 September 2024:

  • The median value for Houses in Bunkers Hill is $928,103.
There are currently no properties listed for sale, and 1 property listed for rent in Bunkers hill on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Bunkers hill.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.