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Sold on 04 Dec 2024 for $330,000

10 Poyner Circuit
Mickleham VIC 3064

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Property Details for 10 Poyner Cct, Mickleham

Building Type
Land

Last Listing description (December 2024)

In the ever-expanding realm of real estate, the allure of owning a property in a rapidly growing suburb holds tremendous appeal for both homebuyers and investors alike. Mickleham, a suburb on Melbourne's northern fringe, is one such area that has garnered increasing attention due to its development, lifestyle opportunities, and strategic location. Among the numerous properties available in this area, a perfect corner block within a developed estate presents an exceptional opportunity for prospective buyers.

This essay examines the key aspects that make a developed estate in Mickleham, particularly a corner block, a prime choice for those looking to build a home or invest. The discussion will delve into Mickleham's growth and development, the unique advantages of a corner block, and the broader benefits of living in a well-planned, modern estate.

1. Growth and Development of Mickleham

Mickleham has seen substantial development in recent years as Melbourne's population continues to expand outward from the city center. Historically a semi-rural area, Mickleham is now undergoing rapid urbanization, with new housing developments, schools, shopping precincts, and recreational facilities springing up to meet the needs of its growing population. The Victorian government has identified Mickleham as part of its Northern Growth Corridor Plan, which highlights the suburb's strategic importance in catering to the increasing demand for residential space.

The burgeoning infrastructure in Mickleham adds to its appeal as a desirable location. New roads and transport links are being developed, making commuting to Melbourne's central business district and other parts of the city more convenient. The estate in which the corner block is located benefits from proximity to key amenities, such as schools, parks, and shopping centers, enhancing the quality of life for residents.

2. The Appeal of a Corner Block
One of the standout features of the property in question is its status as a corner block. Corner blocks have long been considered highly desirable in the real estate market for several reasons. Firstly, they offer increased flexibility when it comes to designing and building a home. With dual access to the property from two streets, architects and builders have more freedom to create a design that maximizes both indoor and outdoor spaces. Additionally, corner blocks often receive more natural light due to their exposure on two sides, which can improve the aesthetics and energy efficiency of the home.

From a lifestyle perspective, a corner block provides greater privacy and space compared to mid-block properties. With fewer neighboring houses sharing boundaries, residents enjoy a more open and less confined environment. Moreover, corner blocks often have larger land sizes, offering more room for gardens, outdoor entertainment areas, or even future extensions to the home.

For investors, the resale value of corner blocks tends to be higher than other types of lots. Their flexibility, enhanced visibility, and larger land size make them attractive to a wider range of buyers, ensuring that properties on corner blocks hold their value well in the market.

3. Benefits of Living in a Developed Estate
Another critical factor in the appeal of this property is its location within a developed estate. Developed estates are master-planned communities that offer residents a cohesive living environment with a range of amenities and infrastructure in place. Such estates typically feature well-maintained streets, parks, and recreational spaces, fostering a sense of community and belonging.

In Mickleham, many developed estates cater to families, with schools, childcare centers, and sporting facilities located within walking distance of homes. This creates a safe and convenient environment for raising children. Furthermore, estates often prioritize sustainability and environmental management, incorporating green spaces, walking trails, and energy-efficient housing designs.

For those who value a high standard of living in a peaceful yet well-connected suburb, Mickleham's developed estates offer the best of both worlds. The balance between urban amenities and suburban tranquility is a significant draw for both families and individuals seeking a quality lifestyle without the hustle and bustle of inner-city living.

Conclusion
In conclusion, the perfect corner block for sale in Mickleham represents an outstanding opportunity for prospective buyers and investors alike. Mickleham's growth and development, combined with the unique advantages of a corner block and the benefits of living in a developed estate, make this property a highly desirable option. Whether it is for building a dream home or securing a valuable investment, this corner block offers both immediate and long-term benefits that are hard to overlook. As Mickleham continues to grow, the value of properties in the area is likely to appreciate, making this an ideal time to invest in a location poised for future success.

Please call Bobby Kosuri on 0421 162 787 for any further assistance.

Property History for 10 Poyner Cct, Mickleham, VIC 3064

A timeline of how this property has performed in the market
Last Sold
$330,000
04 Dec 2024
  • 04 Dec 2024
    Sold for $330,000
  • 22 Oct 2024
    Listed for Sale Auction Saturday 7th December 2024 AT 1:00PM
  • 20 Jul 2020
    Sold for $261,000

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About Mickleham 3064

The size of Mickleham is approximately 54.7 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Mickleham in 2011 was 1,184 people. By 2016 the population was 3,141 showing a population growth of 165.3% in the area during that time. The predominant age group in Mickleham is 20-29 years. Households in Mickleham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mickleham work in a trades occupation. In 2011, 91.6% of the homes in Mickleham were owner-occupied compared with 90.6% in 2016.

Mickleham has 13,121 properties. Over the last 5 years, Houses in Mickleham have seen a 25.41% increase in median value, while Units have seen a 29.64% increase. As at 30 November 2024:

  • The median value for Houses in Mickleham is $708,751 while the median value for Units is $544,116.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 160 properties listed for sale, and 50 properties listed for rent in Mickleham on OnTheHouse. According to CoreLogic's data, 917 properties were sold in the past 12 months in Mickleham.

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Bobby Kosuri
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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.