Build a dream home of grand proportions (STCA) on this 2016sqm (approx) allotment in Mornington's prestigious new Madison Hill estate, less than 5km to the beach.
Lot No.32 presents a rare opportunity to secure a large vacant block of land within this exclusive, sold-out collection of substantial home sites off Bungower Road.
Each magnificent allotment ranges in size between 2000sqm and 6000sqm (approx), with a planned wetland and parkland nearby.
The size of Mornington is approximately 21.3 square kilometres. It has 58 parks covering nearly 13.4% of total area. The population of Mornington in 2011 was 22,421 people. By 2016 the population was 23,995 showing a population growth of 7.0% in the area during that time. The predominant age group in Mornington is 60-69 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 71.5% of the homes in Mornington were owner-occupied compared with 71.6% in 2016.
Mornington has 15,591 properties. Over the last 5 years, Houses in Mornington have seen a 40.90% increase in median value, while Units have seen a 21.70% increase. As at 31 December 2024:
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