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Sold on 04 Jun 2024 for $3,200,000

367-379 Faulkners Road
Mount Cottrell VIC 3024

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 101172m2
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Burnham Real Estate
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Property Details for 367-379 Faulkners Rd, Mount Cottrell

367-379 Faulkners Rd, Mount Cottrell is a 0 bedroom, 0 bathroom House. The property has a land size of 101172m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 0 bedroom House sold in Mount Cottrell in the last 12 months.

Building Type
House
Land Size
101172m2
Local Government
Melton
Lot/Plan
4/LP120931

Last Listing description (June 2024)

EOI close 22nd May, 2024 at 5pm

Invest in Melbourne's fastest growing City Council.
This highly sought after location borders the Urban Growth Zone (Rockbank South PSP) and is within close proximity to new developments such as Westfield Shopping Centre in Mt Atkinson and Melbourne Business Park. This is an opportunity, currently in the Green Wedge Zone, that is not to be missed.

Investors, developers and land bankers will delight in the potential that this flat, 10.12 Ha (approx.) of land offers. With future potential development (STCA), the time to buy is now.

PROPERTY HIGHLIGHTS -
-Approx. 10.12 Ha (approx. 25 acres)
-Currently Green Wedge Zone. Boarding Urban Growth Zone
-Flat land
-No electrical transmission towers on site
-3 sheds/garages
-Only 15 mins drive to Rockbank Train Station, Rockbank Primary School, Thornhill Park Estate and Coles
-Easy access to Melton's amenities
-Enjoy the amenities that Caroline Springs and Tarneit have to offer
-Close proximity to future Westfield Shopping Centre in Mt Atkinson, Melbourne Business Park and proposed Thornhill Park train station
-35min drive from Melbourne CBD and 40mins drive to Melbourne Airport
-Negotiable settlement terms

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Property History for 367-379 Faulkners Rd, Mount Cottrell, VIC 3024

A timeline of how this property has performed in the market
Last Sold
$3,200,000
04 Jun 2024
  • 04 Jun 2024
    Sold for $3,200,000
  • 12 Apr 2024
    Listed for Sale $3,500,000 - $3,800,000

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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 530 properties. Over the last 5 years, Houses in Mount Cottrell have seen a -6.96% decrease in median value, while Units have seen a 48.51% increase. As at 31 October 2024:

  • The median value for Houses in Mount Cottrell is $673,460 while the median value for Units is $551,592.
  • Houses have a median rent of $543.
There are currently 30 properties listed for sale, and 3 properties listed for rent in Mount cottrell on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Mount cottrell.

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