OFF MARKET

231-297 Downing Street
Mount Cottrell VIC 3024

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 820669m2
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Property Details for 231-297 Downing St, Mount Cottrell

Building Type
Land
Land Size
820669m2
Local Government
Melton
Lot/Plan
6~13/PP3431

Last Listing description (July 2018)

Land size is 41.22HECTARE (APPROX.) UNDER the RCZ, AND FUTURE UGZ prospecting with removal of overlay as under the newly approved application which is under process for the same.
Opportunity is unlimited for this land as its close to newly proposed train station, shopping centre and Melton Freeway already there, being close to plenty of growth opportunities around and sitting with a direct view to the city.
Added opportunity for a developer or land banker to buy two large parcels together as next door we have another 40.28 hectare for sale and add for huge development proposals


Dont miss the opportunity please call SAFWAT ALI anytime on 0403 035 992

Property History for 231-297 Downing St, Mount Cottrell, VIC 3024

A timeline of how this property has performed in the market
Last Sold
$105,000
22 Jan 1992
  • 21 Dec 2015
    Listed for Sale Contact Agent
  • 22 Jan 1992
    Sold for $105,000
  • 07 Sep 1991
    Sold for $125,000

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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 529 properties. Over the last 5 years, Houses in Mount Cottrell have seen a -6.09% decrease in median value, while Units have seen a 34.57% increase. As at 31 August 2024:

  • The median value for Houses in Mount Cottrell is $680,075 while the median value for Units is $542,312.
  • Houses have a median rent of $510.
There are currently 32 properties listed for sale, and 1 property listed for rent in Mount cottrell on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Mount cottrell.

Suburb Insights for Mount Cottrell 3024

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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.