23 Mitcham RoadDonvale VIC 3111
Property Details for 23 Mitcham Rd, Donvale
Last Listing description (July 2024)
Situated in one of the most coveted areas of Manningham, this approximately 1,651 sqm approx. property boasts a Residential Growth Zone-2 designation with a DD08-1 allocation, offering an exceedingly rare development opportunity. With immediate proximity to Tunstall Square Shopping Precinct, Donvale Reserve Club, public transportation, and a range of medical facilities, its accessibility to top-notch amenities in the area is unparalleled.
Nestled on a relatively level parcel of land, this remarkable property comes complete with concept plans for a boutique apartment complex comprising one, two, and three-bedroom units, thoughtfully designed by the acclaimed firm ClarkeHopkinsClarke. The property's location and versatility make it suitable for a variety of projects (STCA), including the construction of multiple townhouses, an aged care facility, or a childcare centre.
Additional features include an impressive street frontage of approx. 28 sqm and potential for captivating vistas. Steps away from Tunstall Square, a bus interchange, medical facilities, parklands, and recreational areas. Approximately 22km from Melbourne's CBD, with quick access to Eastlink.
Zoned for East Doncaster Secondary College and in close proximity to esteemed government and private schools.
While permits are being secured, the existing dwelling on the property can generate a favourable rental income. This well-maintained, double-brick home features four bedrooms, three bathrooms, a two-car garage, multiple spacious living areas, and an expansive backyard.
This unique opportunity to acquire a prime landholding in a tightly held lifestyle locale, complete with a wealth of amenities, is expected to generate significant interest in the market.
Property History for 23 Mitcham Rd, Donvale, VIC 3111
- 23 Apr 2024Sold for $2,350,000
- 21 Dec 2023Listed for Sale $2,480,000 - $2,728,000
- 10 Feb 2023Listed for Sale $2,480,000 - $2,728,000
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About Donvale 3111
The size of Donvale is approximately 11.7 square kilometres. It has 26 parks covering nearly 10.8% of total area. The population of Donvale in 2011 was 11,794 people. By 2016 the population was 12,340 showing a population growth of 4.6% in the area during that time. The predominant age group in Donvale is 40-49 years. Households in Donvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Donvale work in a professional occupation. In 2011, 82.6% of the homes in Donvale were owner-occupied compared with 80.5% in 2016.
Donvale has 5,499 properties. Over the last 5 years, Houses in Donvale have seen a 27.00% increase in median value, while Units have seen a 13.71% increase. As at 31 October 2024:
- The median value for Houses in Donvale is $1,544,580 while the median value for Units is $856,707.
- Houses have a median rent of $785 while Units have a median rent of $620.
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