SOLD
RECENT ADVICE
Sold on 30 Sep 2024 for $765,000

41 Parwan Road
Maddingley VIC 3340

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 295m2
Land area: 1621m2
Sold By
Brian Mark Real Estate Tarneit
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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.

Building Type
House
Year Built
1974
Floor Size
295m2
Land Size
1621m2
Local Government
Moorabool
Lot/Plan
2/TP298304

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:

- Prime Corner Block 1621m2: Maximise your development potential with a prominent corner location.
- 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

A timeline of how this property has performed in the market
Last Sold
$765,000
30 Sep 2024
  • 30 Sep 2024
    Sold for $765,000
  • 11 Jul 2024
    Listed for Sale $795,000
  • 26 Nov 2005
    Sold 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 3,301 properties. Over the last 5 years, Houses in Maddingley have seen a 25.32% increase in median value, while Units have seen a 32.04% increase. As at 31 October 2024:

  • The median value for Houses in Maddingley is $640,948 while the median value for Units is $475,491.
  • Houses have a median rent of $480 while Units have a median rent of $450.
There are currently 65 properties listed for sale, and 8 properties listed for rent in Maddingley on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Maddingley.

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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.