FOR SALE

120 Craig Road
Devon Meadows VIC 3977

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 224m2
Land area: 19888m2
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Property Details for 120 Craig Rd, Devon Meadows

Building Type
Land
Year Built
1980
Floor Size
224m2
Land Size
19888m2
Local Government
Casey
Lot/Plan
1/TP646070

Last Listing description (November 2024)

LJ Hooker Dandenong is thrilled to present a truly exceptional property.
This sprawling 5-acre equestrian estate combines luxurious living with top-tier

equestrian facilities, setting a new standard for refined country living in Devon
Meadows.
Blending elegance, equestrian excellence, and serene countryside charm, this
remarkable property sits on 5 acres within a Green Wedge Zone (GWZ), offering an
extraordinary opportunity for discerning buyers who appreciate both comfortable living
and a passion for horses.
At the heart of this estate is a sophisticated four-bedroom, two-bathroom residence
featuring a spacious layout that includes a gaming room tailored for modern leisure.
Every detail of the home reflects meticulous craftsmanship, promising a peaceful
retreat.
A one-bedroom granny flat on the property also provides versatile accommodation for
extended family, guests, or personal use. With a town water connection, bottled gas,
and a septic tank system, the property balances modern convenience with a selfsustaining
appeal.
Further enhancing its value is a professionally designed horse track and 20 stables,
offering ample space for equestrian enthusiasts. This fully equipped facility supports
both personal use and potential business opportunities, catering to those dedicated to
equine welfare.
Currently rented at an impressive $3,500 per month, this property presents an
attractive investment with a steady rental income, allowing buyers to transition
seamlessly into a financially rewarding venture.
Experience the tranquillity of expansive landscapes while remaining within easy reach
of urban amenities, schools, and major transport routes.
For more information or to schedule a viewing.

PHOTO ID REQUIRED AT OPEN HOMES.
Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matter.

Property History for 120 Craig Rd, Devon Meadows, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$1,400,000
25 Oct 2017
  • 07 Nov 2024
    Listed for Sale $1,750,000 - $1,850,000 - 5-Acres of LA
  • 25 Jun 2024
    Listed for Sale $1,875,000 - $1,975,000
  • 14 Mar 2024
    Listed for Sale Not Disclosed
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About Devon Meadows 3977

The size of Devon Meadows is approximately 23.4 square kilometres. It has 2 parks covering nearly 12.2% of total area. The population of Devon Meadows in 2011 was 1,606 people. By 2016 the population was 1,559 showing a population decline of 2.9% in the area during that time. The predominant age group in Devon Meadows is 50-59 years. Households in Devon Meadows are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Devon Meadows work in a trades occupation. In 2011, 84.2% of the homes in Devon Meadows were owner-occupied compared with 84.3% in 2016.

Devon Meadows has 633 properties. Over the last 5 years, Houses in Devon Meadows have seen a 29.37% increase in median value. As at 31 October 2024:

  • The median value for Houses in Devon Meadows is $973,417 while the median value for Units is $655,024.
  • Houses have a median rent of $800.
There are currently 7 properties listed for sale, and no properties listed for rent in Devon meadows on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Devon meadows.

Suburb Insights for Devon Meadows 3977

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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.