580-598 Troups RoadMount Cottrell VIC 3024
Property Details for 580-598 Troups Rd, Mount Cottrell
Last Listing description (February 2021)
Expression of Interest closing on 14 June 2019
PSP Property Group is delighted to offer for sale 580-598 Troups Rd South Mount Cottrell , an area which has been identified and earmarked as a major focal point of Melbourne's north-west for future development and growth.
27.4 Acres approx. in Rural Conservation Zone
Situated close to substantial retail amenity, education, parklands and the Rockbank and Tarneit Train Station.
30 minutes (approx.) to Melbourne CBD and 35 minutes (approx.) to Melbourne Airport.
Local area will be serviced by the future Outer Metropolitan Ring Road, currently in planning phase.
Close to some of the major land developments; Mt Atkinson, Olivia, Grandview, Little Green Estate, Riverdale Village, Westbrook Estate, Elements Estate, Rothwell Estate.
It is located in a strong performing housing corridor.
The City of Melton is one of the fastest growing municipalities in Melbourne, forecast to grow by over 300,000 residents in the next two decades.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 580-598 Troups Rd, Mount Cottrell, VIC 3024
- 30 Jan 2021Sold for $505,000
- 29 Apr 2019Listed for Sale Expression of Interest
- 14 Dec 2001Sold for $52,000
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0About 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.
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