OFF MARKET

141 Bungower Road
Mornington VIC 3931

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2016m2
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Property Details for Lot 32/141 Bungower Rd, Mornington

Building Type
Land
Land Size
2016m2
Local Government
Mornington Peninsula

Last Listing description (December 2018)

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.

Arguably the most exciting master-planned development in Mornington of late, Madison Hill offers alluring potential (STCA) to build a sprawling Peninsula showpiece close to the coast.
Position yourself amid Mornington's future elite, on the established fringe near Mornington Racecourse, primary and secondary schools, Peninsula Link and more.
It is within easy reach of Main Street's gourmet and retail heart, pristine swimming beaches, golf clubs, Mornington Yacht Club, award-winning wineries and more.
Dare to dream on a grand scale in Madison Hill. Don't miss out.

Property History for Lot 32/141 Bungower Rd, Mornington, VIC 3931

A timeline of how this property has performed in the market
  • 29 Jun 2018
    Listed for Sale $890,000 - $950,000

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About Mornington 3931

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:

  • The median value for Houses in Mornington is $1,097,094 while the median value for Units is $761,734.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 51 properties listed for sale, and 14 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 559 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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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.