OFF MARKET

490 Bullumwaal Road
Mount Taylor VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 146700m2
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Last updated 16 Dec 2024
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Property Details for 490 Bullumwaal Rd, Mount Taylor

490 Bullumwaal Rd, Mount Taylor is a 0 bedroom, 0 bathroom House. The property has a land size of 146700m2.

Building Type
House
Land Size
146700m2
Local Government
East Gippsland
Lot/Plan
A\PS914411

Last Listing description (November 2024)

Discover an incredible opportunity to invest in a sprawling property spanning approximately 14.67 hectares, with views for miles and potential galore! This expansive property offers a multitude of possibilities and is tailor-made for those seeking a lucrative subdivision project in the heart of East Gippsland's thriving real estate market.

Property Details:

Land Size: 14.67 hectares (approximately)

Zoning: Low Density Residential Zone
Services: Water, power, and telephone connections available
Location: Less than 10 minutes from the vibrant CBD of Bairnsdale
Terms: Flexible terms are available

Key Features:

Subdivision Potential: With ample space and the desirable low-density zoning, this property is a developer's dream. Explore the potential to create a harmonious rural lifestyle community that caters to the growing demand for housing in the area. Proposed plans are available for a 28 allotment subdivision.

Convenient Location: Situated less than 10 minutes from the bustling CBD of Bairnsdale, residents will enjoy easy access to shopping, dining, and all the amenities the city has to offer.

Proximity to Essentials: Within a short five-minute drive, you'll find the Eastwood Village Shopping Centre, providing convenience at your doorstep. Additionally, Lucknow Primary School, child care centres, medical and dental facilities are just a stone's throw away, making this location perfect for families.

Investor's Paradise: Bairnsdale is a hotbed for real estate investment, with a strong rental market and consistent growth. This land is your ticket to capitalizing on the region's prosperity.

If you're an astute investor or developer looking for the ideal canvas to create a sought-after rural subdivision this property is a must-see. The combination of size, zoning, and location makes this an opportunity you won't want to miss.

Contact us today to arrange a viewing and unlock the potential of this remarkable landholding. Your vision for a thriving residential development starts here!

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

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Property History for 490 Bullumwaal Rd, Mount Taylor, VIC 3875

A timeline of how this property has performed in the market
  • 12 Oct 2023
    Listed for Sale Not Disclosed

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About Mount Taylor 3875

The size of Mount Taylor is approximately 83.5 square kilometres. It has 1 park covering nearly 24.3% of total area. The population of Mount Taylor in 2011 was 332 people. By 2016 the population was 262 showing a population decline of 21.1% in the area during that time. The predominant age group in Mount Taylor is 50-59 years. Households in Mount Taylor are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Taylor work in a professional occupation. In 2011, 90.3% of the homes in Mount Taylor were owner-occupied compared with 79.2% in 2016..

Mount Taylor has 223 properties. Over the last 5 years, Houses in Mount Taylor have seen a 47.99% increase in median value, while Units have seen a 14.53% increase. As at 30 November 2024:

  • The median value for Houses in Mount Taylor is $809,460 while the median value for Units is $386,263.
There are currently 3 properties listed for sale, and 1 property listed for rent in Mount taylor on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Mount taylor.

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