OFF MARKET

2 Punjel Drive
Diggers Rest VIC 3427

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 220m2
Land area: 2903m2
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Last updated 16 Dec 2024
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Property Details for 2 Punjel Dr, Diggers Rest

2 Punjel Dr, Diggers Rest is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1998. The property has a land size of 2903m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in May 2003.

Building Type
House
Year Built
1998
Floor Size
220m2
Land Size
2903m2
Local Government
Melton
Lot/Plan
57/LP216251

Last Listing description (November 2024)

Properties of this calibre comes rarely into the market, situated in such a brilliant location! Set in Diggers Rest established township and growing commercial and residential district with excellent main road visibility and accessibility, the property is within approx. 100m of Diggers Rest train station, bus services, Diggers Rest post office

This property is a fantastic opportunity, especially with its prime location and the potential for various types of development (STCA) . Its proximity to key amenities like public transportation, schools, and local services adds to its appeal.

The upcoming removal of the level crossings and the construction of road bridges is particularly noteworthy. Not only will this greatly improve safety and traffic flow, but it will also pave the way for future development in the area. It seems like the perfect timing for anyone considering investing in or developing this property.

Given its versatility, from residential living to potential commercial or medical development (subject to council approval), this property offers a range of possibilities for interested buyers or investors. And with the existing granny flat and the permit for additional construction, there's already a foundation for further expansion.

Overall, this property appears to be a rare gem with significant potential for growth and development, making it an exciting opportunity for those looking to capitalize on the burgeoning real estate market in Diggers Rest.

Feel free to call us anytime for private inspection .

Disclaimer: While every effort has been made to ensure the accuracy of the information provided in this document, Luxury Real Estate Agents accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies, or misstatements. Prospective purchasers are advised to conduct their own inquiries and verify the information contained herein. Additionally, it is recommended that purchasers refer to the due diligence checklist provided by Consumer Affairs, available at http://www.consumer.vic.gov.au/.

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Property History for 2 Punjel Dr, Diggers Rest, VIC 3427

A timeline of how this property has performed in the market
Last Sold
$300,000
09 May 2003
  • 11 Nov 2024
    Listed for Sale PLEASE CONTACT AGENT
  • 02 May 2024
    Listed for Sale PLEASE CONTACT AGENT
  • 10 May 2009
    Listed for Sale $530,000-$560,000
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About Diggers Rest 3427

The size of Diggers Rest is approximately 69.9 square kilometres. It has 8 parks covering nearly 1% of total area. The population of Diggers Rest in 2011 was 2,275 people. By 2016 the population was 2,746 showing a population growth of 20.7% in the area during that time. The predominant age group in Diggers Rest is 20-29 years. Households in Diggers Rest are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Diggers Rest work in a clerical occupation. In 2011, 79.6% of the homes in Diggers Rest were owner-occupied compared with 79.2% in 2016.

Diggers Rest has 4,602 properties. Over the last 5 years, Houses in Diggers Rest have seen a 20.65% increase in median value, while Units have seen a 22.44% increase. As at 30 November 2024:

  • The median value for Houses in Diggers Rest is $649,568 while the median value for Units is $542,606.
  • Houses have a median rent of $520 while Units have a median rent of $455.
There are currently 33 properties listed for sale, and 14 properties listed for rent in Diggers rest on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Diggers rest.

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