SOLD
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Sold on 14 Nov 2024 for $400,000

954 Mount Macedon Road
Mount Macedon VIC 3441

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4000m2
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Property Details for 954 Mount Macedon Rd, Mount Macedon

Building Type
Land
Land Size
4000m2

Last Listing description (November 2024)

“Why we like the property” (agent perspective)

It's not every day you find a generous acre of land ready for development. The approval from the council for dwelling construction is a significant milestone, making it an enticing prospect for buyers looking to build their dream home or invest in property.
Situated prominently on Mount Macedon Road, the property offers convenient access to nearby amenities such as The Mount Pub, The Trading Post Café/Foodstore, and excellent local schools like Mount Macedon Primary School, Macedon Primary School, and Braemar College. Additionally, its proximity to bus routes servicing secondary schools expands its appeal to young families.

Nestled high on Mount Macedon, the property promises breathtaking natural beauty, providing a serene environment for residents to enjoy. Despite its tranquil setting, it maintains accessibility to Melbourne, ensuring a seamless commute within an hour.

“What the property offers” (property perspective)

Whether buyers are looking to establish a permanent residence, a weekend getaway, or capitalize on the booming short-term rental market through Airbnb, this property accommodates various purposes. Its flexibility caters to a diverse range of buyer preferences and investment strategies.
The arduous task of obtaining a planning permit has already been completed by the current owners, saving prospective buyers valuable time and effort. With this crucial step accomplished, purchasers can expedite the building process, allowing them to realize their vision sooner.
In summary, this property combines rarity, convenience, and opportunity, making it an attractive prospect for buyers seeking to create their ideal living space or capitalize on its potential for rental income. With its prime location, scenic surroundings, and simplified development process, it represents a compelling investment opportunity in the vibrant community of Mount Macedon.

SOLD by Paul Bohan 0413594224

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Property History for 954 Mount Macedon Rd, Mount Macedon, VIC 3441

A timeline of how this property has performed in the market
Last Sold
$400,000
14 Nov 2024
  • 14 Nov 2024
    Sold for $400,000
  • 26 Feb 2024
    Listed for Sale $450,000-$495,000
  • 11 May 2015
    Listed for Sale $399,950
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About Mount Macedon 3441

The size of Mount Macedon is approximately 34.6 square kilometres. It has 4 parks covering nearly 48.4% of total area. The population of Mount Macedon in 2011 was 1,320 people. By 2016 the population was 1,337 showing a population growth of 1.3% in the area during that time. The predominant age group in Mount Macedon is 60-69 years. Households in Mount Macedon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Macedon work in a professional occupation. In 2011, 88% of the homes in Mount Macedon were owner-occupied compared with 87.5% in 2016.

Mount Macedon has 747 properties. Over the last 5 years, Houses in Mount Macedon have seen a 26.77% increase in median value, while Units have seen a 23.72% increase. As at 30 November 2024:

  • The median value for Houses in Mount Macedon is $1,222,265 while the median value for Units is $888,805.
  • Houses have a median rent of $998.
There are currently 16 properties listed for sale, and 1 property listed for rent in Mount macedon on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Mount macedon.

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Paul Bohan
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