This is your chance to spread out, relax and enjoy a spacious, convenient life and reap the rewards of this giant 2,198m2 allotment. A very rare find, right in the centre of town, this block also presents an exceptional investment opportunity to subdivide or develop with an approved, current planning permit for a four-lot subdivision.
In a leafy and central position, there is growing demand for four low-maintenance town houses to satisfy the growing housing need in Mansfield. Whether you build a single home now or continue down the process to subdivide, this is a prime location, with ultra-close walking distance to all schools, childcare centre, the Botanic Park, shops and doctors.
Move in and build:
Subdivide or develop:
- Approved planning permit for four lot subdivision
- Engineer civil construction drawings prepared
- Upgraded electricity to accommodate additional blocks
- Installed NBN connection to suit four lots
- Upgraded water and sewerage to suit subdivision
- Open space levy already paid to Council
- Quotes from land surveyor and electrical contractor
Proposed subdivision lot sizing:
- Lot one: 429m2
- Lot two: 434m2
- Lot three: 438m2
- Lot four: 561m2
The size of Mansfield is approximately 269.8 square kilometres. It has 7 parks covering nearly 0.4% of total area. The population of Mansfield in 2011 was 4,359 people. By 2016 the population was 4,799 showing a population growth of 10.1% in the area during that time. The predominant age group in Mansfield is 60-69 years. Households in Mansfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mansfield work in a trades occupation. In 2011, 69.6% of the homes in Mansfield were owner-occupied compared with 69.6% in 2016.
Mansfield has 4,137 properties. Over the last 5 years, Houses in Mansfield have seen a 76.68% increase in median value, while Units have seen a 58.04% increase. As at 31 October 2024:
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