41 Parwan RoadMaddingley VIC 3340
Property Details for 41 Parwan Rd, Maddingley
41 Parwan Rd, Maddingley is a 4 bedroom, 2 bathroom House and was built in 1974. The property has a land size of 1621m2 and floor size of 295m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Maddingley in the last 12 months.
Last Listing description (October 2024)
Location, Location, Location!
Welcome to an exceptional development site that offers a myriad of options for the astute developer. Situated on the bustling Parwan Road, the gateway to the vibrant community of Maddingley/Bacchus Marsh, this corner block promises unparalleled exposure and accessibility.
Key Features:
- Strategic Positioning: Located directly across from the Bacchus Marsh train station, ensuring excellent connectivity.
- Educational Hub: Bacchus Marsh Grammar and Bacchus Marsh College are both just around the corner.
- Healthcare Proximity: A short distance to the local Bacchus Marsh hospital, enhancing the appeal for mixed-use medical projects.
- Serviceable 5-bedroom house with triple garage and workshop
- Zoning GRZ2
Development Potential (STCA):
This site is perfect for a range of development opportunities, including but not limited to
- Medical consulting suites
- Unit/townhouse development
- Home office
- Two/three lot subdivision
- Child care
* The 54 Acres (21.85 Ha) situated next door was identified in the Maddingly Planning Study 2022 as having potential for:
- light and service industry, warehouses and other Industrial 3 Zone uses that are appropriate for a buffer area between sensitive uses and the Maddingley WRR Hub; and/or.
- restricted retail (bulky goods) or other Commercial 2 Zone uses that are appropriate for a buffer area between sensitive uses and the Maddingley WRR Hub.
This sites strategic location on Parwan Road ensures high visibility and easy access, making it a prime investment for developers looking to capitalize on the growth of Maddingly.
Don't miss out on this exceptional opportunity to create a landmark development in one of the region's most promising areas. Contact us today to explore the possibilities and take the first step towards realising your vision!
Property History for 41 Parwan Rd, Maddingley, VIC 3340
- 30 Sep 2024Sold for $765,000
- 11 Jul 2024Listed for Sale $795,000
- 26 Nov 2005Sold for $286,000
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About Maddingley 3340
The size of Maddingley is approximately 25.4 square kilometres. It has 18 parks covering nearly 3.8% of total area. The population of Maddingley in 2011 was 2,393 people. By 2016 the population was 3,461 showing a population growth of 44.6% in the area during that time. The predominant age group in Maddingley is 0-9 years. Households in Maddingley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Maddingley work in a professional occupation. In 2011, 70.5% of the homes in Maddingley were owner-occupied compared with 68.5% in 2016.
Maddingley has 3,295 properties. Over the last 5 years, Houses in Maddingley have seen a 27.02% increase in median value, while Units have seen a 38.67% increase. As at 30 September 2024:
- The median value for Houses in Maddingley is $643,431 while the median value for Units is $482,375.
- Houses have a median rent of $480 while Units have a median rent of $450.
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