Situated in the very peaceful and quiet hamlet of Elphinstone, this charming and centrally located allotment offers the perfect beginning to create a wonderful rural escape.
Set across two titles totaling 2,000sqm. (Approx.), this slightly undulating block has mains power available and town water connected to the land is ready for someone to build their dream home (STCA). The property offers Township Zoning along with great proximity to the local Primary School and the quintessential county pub.
The property enjoys very convenient access to the Calder Freeway allowing an easy commute to Bendigo or Melbourne. Both the thriving country towns of Castlemaine and Kyneton are within an easy 20 minute drive.
The size of Elphinstone is approximately 84 square kilometres. It has 2 parks covering nearly 5.8% of total area. The population of Elphinstone in 2011 was 669 people. By 2016 the population was 551 showing a population decline of 17.6% in the area during that time. The predominant age group in Elphinstone is 50-59 years. Households in Elphinstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elphinstone work in a professional occupation. In 2011, 91.2% of the homes in Elphinstone were owner-occupied compared with 86.9% in 2016.
Elphinstone has 448 properties. Over the last 5 years, Houses in Elphinstone have seen a 28.48% increase in median value, while Units have seen a 32.14% increase. As at 31 October 2024:
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