SOLD
RECENT ADVICE
Sold on 26 Jul 2024 for $8,000,000

221 Hallam Road
Lynbrook VIC 3975

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 21100m2
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Property Details for 221 Hallam Rd, Lynbrook

Building Type
Land
Land Size
21100m2
Local Government
Casey
Lot/Plan
1/PS648519

Last Listing description (July 2024)

Seize this rare opportunity to secure a premium parcel of land in the highly sought-after suburb of Lynbrook. Situated in a vibrant and family-friendly community, ,offers an expansive and versatile space ideal for residential development, investment, or personal estate use.

Key Features:

Prime Location: Perfectly positioned with easy access to Lynbrook Village Shopping Centre, quality schools, public transport, and recreational facilities.

Generous Size: Ample space to build your dream home or a high-yield investment property.

Development Potential: Zoned for residential development (subject to council approval), this land is ideal for developers and investors alike.

Accessibility: Proximity to major arterial roads, including South Gippsland Highway and Monash Freeway, ensuring smooth travel to Melbourne CBD and beyond.

Property History for 221 Hallam Rd, Lynbrook, VIC 3975

A timeline of how this property has performed in the market
Last Sold
$8,000,000
26 Jul 2024
  • 26 Jul 2024
    Sold for $8,000,000

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About Lynbrook 3975

The size of Lynbrook is approximately 4.1 square kilometres. It has 19 parks covering nearly 13% of total area. The population of Lynbrook in 2011 was 6,771 people. By 2016 the population was 8,531 showing a population growth of 26.0% in the area during that time. The predominant age group in Lynbrook is 0-9 years. Households in Lynbrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lynbrook work in a professional occupation. In 2011, 84.3% of the homes in Lynbrook were owner-occupied compared with 80.5% in 2016.

Lynbrook has 3,192 properties. Over the last 5 years, Houses in Lynbrook have seen a 36.62% increase in median value, while Units have seen a 21.60% increase. As at 31 October 2024:

  • The median value for Houses in Lynbrook is $919,407 while the median value for Units is $619,137.
  • Houses have a median rent of $630 while Units have a median rent of $550.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Lynbrook on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Lynbrook.

Suburb Insights for Lynbrook 3975

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Contact agent
Harry Singh
Show contact details
OBrien Real Estate - Blackburn
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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.