1680 South Gippsland HighwayJunction Village VIC 3977
Property Details for 1680 South Gippsland Hwy, Junction Village
Last Listing description (September 2024)
Perfect opportunity for those with a vision for transformation and development to secure this generous land size of 4047sqm at 1680 South Gippsland Highway, Junction Village.
Key Features of this property are:
6 bedrooms and 3 bathrooms
Room to park 8 cars in the large, shed space
Huge backyard with a substantial shed
Prime location, just 5 minutes from Cranbourne Police Station
Surrounded by ongoing developments and road works, promising future growth
Property Highlights:
This property boasts an impressive land size, making it an ideal canvas for your dream home or potential development (subject to council approval). The strategic location near Cranbourne Central provides a level of convenience, and the ongoing developments in the area hint at a bright future for the community.
Renovate and transform the existing house into your dream home or explore the development possibilities including townhouse development, childcare or smaller blocks (subject to council approval). Invest in a strategic land bank.
Situated in the heart of Junction Village, this property offers easy access to essential amenities, with the Cranbourne shopping centre just a 5-minute drive away.
Embrace the growth and progress happening in the area, positioning this property as a valuable investment opportunity.
If this sounds like this could be the one for you, then call Sam Singh on 0403 134 009 or Manu Sandhu on 0423 298 530.
Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All information provided is accurate to the best of our knowledge, but interested parties are advised to conduct their own due diligence and seek professional advice before making any purchasing decisions.
Property History for 1680 South Gippsland Hwy, Junction Village, VIC 3977
- 08 Aug 2024Listed for Sale Not Disclosed
- 15 Nov 2023Listed for Sale $1,400,000 - $1,500,000
- 21 Jun 2022Listed for Sale $1,500,000
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About Junction Village 3977
The size of Junction Village is approximately 1.4 square kilometres. It has 5 parks covering nearly 5.3% of total area. The population of Junction Village in 2011 was 1,158 people. By 2016 the population was 1,025 showing a population decline of 11.5% in the area during that time. The predominant age group in Junction Village is 80-89 years. Households in Junction Village are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Junction Village work in a trades occupation. In 2011, 83.2% of the homes in Junction Village were owner-occupied compared with 85.2% in 2016.
Junction Village has 1,282 properties. Over the last 5 years, Houses in Junction Village have seen a 35.64% increase in median value, while Units have seen a 29.24% increase. As at 31 August 2024:
- The median value for Houses in Junction Village is $814,313 while the median value for Units is $449,329.
- Houses have a median rent of $580.
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