Elevated above the stunning Mount Martha coastline, just one door back from the Esplanade, this incredibly rare parcel of vacant land measuring more than one acre, is on the market for the first time in almost 70 years, and available to purchase in its entirety or as two individual blocks.
Cherished by the same family for generations as a holiday 'bush block', the property stretches from Finlayson Avenue to Hearn Road and includes a section of Finlayson Creek at the rear. The block has remained undeveloped throughout the decades, whilst surrounding luxury homes have been built to celebrate the incredible water views this exclusive neighbourhood is known for.
The total land size is 4306 square metres (approx.) and falls on two titles, Lot 71 measuring 2191 square metres (approx.) and Lot 70 measuring 2115 square metres (approx.). The first half-acre lot was originally purchased in 1954 by returned Gallipoli veteran Fred Ellis and his wife Esther. When the neighbouring block became available a couple of years later, Fred and Esther also purchased this, and so began a long tradition of idyllic bush/beach holidays for the family.
*Lot 70 - UNDER OFFER
*Lot 71 - SOLD
The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.
Mount Martha has 9,610 properties. Over the last 5 years, Houses in Mount Martha have seen a 51.53% increase in median value, while Units have seen a 27.77% increase. As at 31 July 2024:
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