OFF MARKET

1684 South Gippsland Highway
Junction Village VIC 3977

Bedrooms: 5
Bathrooms: 3
Car spaces: 12
Land area: 4509m2
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Last updated 28 Oct 2024
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Property Details for 1684 South Gippsland Hwy, Junction Village

1684 South Gippsland Hwy, Junction Village is a 5 bedroom, 3 bathroom House with 12 parking spaces. The property has a land size of 4509m2. While the property is not currently for sale or for rent, it was last sold in February 2004.

Building Type
House
Land Size
4509m2
Local Government
Casey
Lot/Plan
14/LP23766

Last Listing description (March 2016)

Already zoned General Residental 1, this prime corner site -approx 4527m2 is ripe for development ideal for approx 12 units, 6 larger blocks or a multiple of other uses (S.T.C.A).
The property is ideal for an investor, land banker, developer, builder or could even be possibly an opportunity for a business use.
Blocks and new units are selling as quick as they become available and with interest rates so low and block and unit prices experiencing phenomenal growth, makes this even more a great opportunity for investors or developers.

For the investor or land banker the property also consists of a substantial 3 bedroom home with a plethora of shedding and could return $600.00 per week and could therefore offer the right person a fantastic investment opportunity.
For your perfect investment, contact me for further particulars.

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Property History for 1684 South Gippsland Hwy, Junction Village, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$385,000
13 Feb 2004
  • 09 Mar 2016
    Listed for Sale Expressions Of Interest
  • 13 Feb 2004
    Sold for $385,000
  • 26 Jun 2001
    Sold for $262,000

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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 1,274 properties. Over the last 5 years, Houses in Junction Village have seen a 31.82% increase in median value, while Units have seen a 25.31% increase. As at 30 September 2024:

  • The median value for Houses in Junction Village is $807,149 while the median value for Units is $445,337.
  • Houses have a median rent of $580.
There are currently 6 properties listed for sale, and no properties listed for rent in Junction village on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Junction village.

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