OFF MARKET

259 Hopetoun Park Road
Hopetoun Park VIC 3340

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 113364m2
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Property Details for 259 Hopetoun Park Rd, Hopetoun Park

Building Type
Rural
Land Size
113364m2
Local Government
Moorabool
Lot/Plan
4/LP145516

Last Listing description (May 2019)

*** THIS EXCEPTIONAL PROPERTY IS LOCATED WITHIN HOPETOUN PARK NORTH FUTURE RESIDENTIAL GROWTH PRECINCT***
Attention all developers, investors and land bankers, this is a rare opportunity to acquire a very successful project for the next coming years.
Description announced by Victoria Planning Authority (VPA):

Hopetoun Park is an existing low-density residential community. The area to the north has potential for a greenfield expansion at more conventional (i.e. smaller) lot sizes than the existing lots to the south. This would create three to five years land supply.
Hopetoun Park is located at the eastern edge of the Bacchus Marsh District, in a relatively isolated area with limited local community facilities. Residential expansion can be leveraged to deliver new local-level community facilities. Future development applications will need to consider improving the existing road connection from Hopetoun Park to the arterial network.
The development of the potential Hopetoun Park expansion area is primarily expected to deliver local level infrastructure and its timing is therefore not dependent on sequencing within the wider Bacchus Marsh District. When planned, early precinct development should deliver the local centre. Built form considerations during precinct planning will need to protect the green break between Melton and Bacchus Marsh that contributes to gateway views to the centre and wider Central Highlands region.
Precinct planning principles
Plan for a small town expansion integrated with the established neighbourhood that provides new local-level community infrastructure.
Consider opportunities to improve road connections in and out of the precinct onto the Western Freeway as well as Hopetoun Park junction with Old Western Highway.
Identify and define the existing character of Hopetoun Park and establish principles for a preferred character.
Provide a perimeter road along the top edge of the escarpment with pedestrian and cycling trails on the outer edge of the road cross-section.
Establish building envelope limits to manage gateway views when arriving in Bacchus Marsh.
Establish building envelope limits to manage views from the Western Freeway and Avenue of Honour.
Top features
River and park views
Easy access to Melbourne CBD via upgraded Western Highway
Future Residential Growth Precinct
Next to Parwan Station PSP
Potential for a Greenfield expansion at smaller lot sizes than the existing lots to the south (as described by VPA)
Contact us now to register your interest.

Property History for 259 Hopetoun Park Rd, Hopetoun Park, VIC 3340

A timeline of how this property has performed in the market
Last Sold
$2,000,000
29 Jun 2023
  • 29 Jun 2023
    Sold for $2,000,000
  • 27 Sep 2018
    Listed for Sale Not Disclosed
  • 30 Oct 2017
    Sold for $1,500,000
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About Hopetoun Park 3340

The size of Hopetoun Park is approximately 7.4 square kilometres. The population of Hopetoun Park in 2011 was 564 people. By 2016 the population was 795 showing a population growth of 41.0% in the area during that time. The predominant age group in Hopetoun Park is 0-9 years. Households in Hopetoun Park are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Hopetoun Park work in a clerical occupation. In 2011, 96.9% of the homes in Hopetoun Park were owner-occupied compared with 95.6% in 2016.

Hopetoun Park has 316 properties. Over the last 5 years, Houses in Hopetoun Park have seen a 26.12% increase in median value. As at 31 October 2024:

  • The median value for Houses in Hopetoun Park is $710,769 while the median value for Units is $269,823.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Hopetoun park on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Hopetoun park.

Suburb Insights for Hopetoun Park 3340

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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.