1019 Plenty Rd, Kingsbury is a 6 bedroom, 2 bathroom House with 10 parking spaces. The property has a land size of 1541m2.
Arguably one of the best corner development sites in Metro Melbourne. Directly opposite Latrobe University, adjacent to McDonalds, 14km from CBD, huge potential for multi storey development, lends to shopping precinct with apartments above, perhaps medical, service station, fast food or combination, Childcare etc. all of which is (STCA) - again the options are endless. 37.2m frontage to Plenty Road, Zoning: GRZ1 schedule 3 - Land size 1541m2
Kingsbury/Bundoora on Plenty Rd is the gateway to one of the largest growth corridors in Victoria 'The Plenty Road Corridor'. Expanding Latrobe University creates huge demand for more amenities and housing in such prestigious location. Simply incredible potential for the astute developer to take full advantage of this rarest of opportunities - The future is bright!
The size of Kingsbury is approximately 1.3 square kilometres. It has 6 parks covering nearly 26.5% of total area. The population of Kingsbury in 2011 was 3,362 people. By 2016 the population was 3,762 showing a population growth of 11.9% in the area during that time. The predominant age group in Kingsbury is 20-29 years. Households in Kingsbury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingsbury work in a professional occupation. In 2011, 57.7% of the homes in Kingsbury were owner-occupied compared with 51.8% in 2016.
Kingsbury has 1,847 properties. Over the last 5 years, Houses in Kingsbury have seen a 13.96% increase in median value, while Units have seen a 22.90% increase. As at 31 October 2024:
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