OFF MARKET

66 Railway Avenue
Garfield VIC 3814

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 6493m2
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Last updated 28 Oct 2024
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Property Details for 66 Railway Ave, Garfield

66 Railway Ave, Garfield is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 6493m2. While the property is not currently for sale or for rent, it was last sold in May 1993.

Building Type
House
Land Size
6493m2
Local Government
Cardinia
Lot/Plan
2/PS331430

Last Listing description (August 2024)

Comprising of 4 titles, with May Court frontage and located right in the heart of Garfield, this 6,493m2 (approx.) of land, Zoned: General Residential Zone Schedule 1, comprising four (4) Titles is a rare offering indeed. This is a blue-chip opportunity to develop a highly desirable enclave within the main township area of Garfield.

The site, with dual road frontages (Railway Avenue and May Court) and all services available, would be suitable for use as a boutique residential development, childcare centre, over 55s or aged care facility to name but a few (STCA).

Garfield has been a destination town for many years, providing an enviable rural lifestyle for its residents, whilst allowing easy access by road and rail to the south-east growth corridor, the fastest developing residential, business and employment corridors in Australia.

Significant improvements to the property can provide the new owners with a lucrative income stream whilst considering options to develop the site to its highest and best use, including a brick veneer residence of three bedrooms, two bathrooms, two living areas, two car garage/workshop under roofline plus factory sized shedding and substantial ancillary shedding.

For further information, please contact Nyall Greene 0409 560 778 or email Nyall.g@neilsonpartners.com.au

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Property History for 66 Railway Ave, Garfield, VIC 3814

A timeline of how this property has performed in the market
Last Sold
$41,500
06 May 1993
  • 19 Jul 2024
    Listed for Sale $2,500,000 - $2,700,000
  • 06 May 1993
    Sold for $41,500

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About Garfield 3814

The size of Garfield is approximately 26.4 square kilometres. The population of Garfield in 2011 was 1,466 people. By 2016 the population was 1,792 showing a population growth of 22.2% in the area during that time. The predominant age group in Garfield is 50-59 years. Households in Garfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Garfield work in a trades occupation. In 2011, 81.2% of the homes in Garfield were owner-occupied compared with 84.2% in 2016.

Garfield has 1,065 properties. Over the last 5 years, Houses in Garfield have seen a 46.38% increase in median value, while Units have seen a 19.77% increase. As at 30 September 2024:

  • The median value for Houses in Garfield is $796,347 while the median value for Units is $524,563.
  • Houses have a median rent of $498.
There are currently 17 properties listed for sale, and no properties listed for rent in Garfield on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Garfield.

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