POINT OF INTEREST:
An exceptional development opportunity presents itself in the highly sought-after area of Chelsea. The 1,195 sqm* site is located just 770 m* from the waters of Port Phillip Bay and the hard work has already been done A Childcare centre site, accommodating up to 112 of the next gens brightest. The sites prime location is not just in relation to the beach, with access to major thoroughfares and arterials the Nepean Highway sits 500 m* away and the Mornington Peninsula Freeway 1.95 km* respectively. The recently upgraded Chelsea railway station is 550 m*, four primary schools are located within a 1.6 km* radius, and the local shopping strip is close enough for mums and dads to brunch post the childcare drop-off run.
The size of Chelsea is approximately 2.6 square kilometres. It has 6 parks covering nearly 13.8% of total area. The population of Chelsea in 2011 was 7,222 people. By 2016 the population was 7,779 showing a population growth of 7.7% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation. In 2011, 62.1% of the homes in Chelsea were owner-occupied compared with 63.2% in 2016.
Chelsea has 5,079 properties. Over the last 5 years, Houses in Chelsea have seen a 13.76% increase in median value, while Units have seen a 10.70% increase. As at 30 November 2024:
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