OFF MARKET

19 Weir Road
Heyfield VIC 3858

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 33800m2
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Property Details for 19 Weir Rd, Heyfield

Building Type
Rural
Land Size
33800m2
Local Government
Wellington
Lot/Plan
1/LP217055

Last Listing description (September 2024)

Presenting a remarkable approved land subdivision comprising 36 lots, this expansive 8.35-acre (approximately 3.38 hectares) property stands as an extraordinary development opportunity. Zoned as General Residential, it holds immense potential for visionaries keen to unlock its possibilities.

The substantial land size provides a sprawling canvas for a significant development project, and the General Residential zoning opens up a wide array of options for residential development. At a time when the availability of residential land remains persistently scarce, this property emerges as a golden opportunity for subdivision. It is a compelling choice for developers seeking to address the community's urgent housing needs.

Strategically positioned in an area marked by a high demand for housing, this property is ideally poised to meet the burgeoning requirements of the local population. As residential land continues to become a precious commodity, this investment opportunity gains even more appeal. This 8.35-acre parcel is on the brink of becoming a valuable addition to the housing market, offering both potential and promise. Don't let the opportunity to be a pivotal part of the solution pass you by.

Moreover, this property boasts proximity to a range of amenities, including walking distance to playgrounds and the Heyfield Railway Hotel, just 3 minutes to Heyfield Primary School, and a mere 2 minutes to Heyfield Hospital. It is an ideal location for both developers and residents seeking convenience and accessibility.

Due Diligence checklist are available at www.consumer.vic.gov.au/?duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Property History for 19 Weir Rd, Heyfield, VIC 3858

A timeline of how this property has performed in the market
Last Sold
$319,000
29 Jul 2021
  • 01 Jan 2024
    Listed for Sale Not Disclosed
  • 29 Jul 2021
    Sold for $319,000
  • 19 Nov 2020
    Listed for Sale $320,000
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About Heyfield 3858

The size of Heyfield is approximately 75.7 square kilometres. It has 9 parks covering nearly 9.6% of total area. The population of Heyfield in 2011 was 1,937 people. By 2016 the population was 1,978 showing a population growth of 2.1% in the area during that time. The predominant age group in Heyfield is 60-69 years. Households in Heyfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Heyfield work in a labourer occupation. In 2011, 76.3% of the homes in Heyfield were owner-occupied compared with 74.4% in 2016.

Heyfield has 1,260 properties. Over the last 5 years, Houses in Heyfield have seen a 75.94% increase in median value, while Units have seen a 48.09% increase. As at 31 October 2024:

  • The median value for Houses in Heyfield is $370,739 while the median value for Units is $294,741.
  • Houses have a median rent of $370.
There are currently 5 properties listed for sale, and 1 property listed for rent in Heyfield on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Heyfield.

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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.