OFF MARKET

161/123 Downing Street
Mount Cottrell VIC 3024

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 403000m2
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Property Details for 161/123 Downing St, Mount Cottrell

Building Type
Land
Land Size
403000m2
Local Government
Melton

Last Listing description (June 2018)

This 40.3 hectare (100 Acres approx.) parcel under current (RCZ) land & the sprawl of urban growth upon its horizons, offers to the astute investors and land bankers
Currently proposed & planning initiatives that may impact or influence this property are;
The Outer Metropolitan Ring / E6 Transport Corridor is being planned to provide an ultimate high speed transport link for freight and people that would:

- Enhance connectivity between key international transport hubs such as Melbourne Airport, Avalon Airport and Port of Geelong;
- Serve as an important route to interstate and major regional destinations;
- Link residential and employment growth areas in the north and west of Melbourne; and
- Improve access in this major employment corridor which includes Avalon Airport, Werribee, Melton and Melbourne Airport.
This property offers a rare opportunity with great potential that should not be missed.
Approx. 30 KMS to the City
Panoramic views of the City
10 minutes drive to Tarneit station and new proposed Tarneit plains station.

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 161/123 Downing St, Mount Cottrell, VIC 3024

A timeline of how this property has performed in the market
  • 10 Jun 2018
    Listed for Sale Contact Agent

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About Mount Cottrell 3024

The size of Mount Cottrell is approximately 58.3 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Mount Cottrell in 2011 was 688 people. By 2016 the population was 563 showing a population decline of 18.2% in the area during that time. The predominant age group in Mount Cottrell is 60-69 years. Households in Mount Cottrell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Cottrell work in a trades occupation. In 2011, 74.4% of the homes in Mount Cottrell were owner-occupied compared with 74.6% in 2016.

Mount Cottrell has 530 properties. Over the last 5 years, Houses in Mount Cottrell have seen a -6.45% decrease in median value, while Units have seen a 51.86% increase. As at 30 September 2024:

  • The median value for Houses in Mount Cottrell is $676,874 while the median value for Units is $611,984.
  • Houses have a median rent of $545.
There are currently 30 properties listed for sale, and 1 property listed for rent in Mount cottrell on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Mount cottrell.

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