A large allotment of over half an acre (2150m2 approx) in sought after Nerrina, just over 2km to the Ballarat Train Station and the heart of town. With two street frontages and General Residential zoning, the site is ripe for development with so much potential.
Surrounded by quality homes and with schools, shopping, public transport and sporting facilities nearby, makes this is truly unique opportunity to purchase now to land bank, or get your new construction underway. There is currently a weatherboard dwelling, carport and old shed on site, however the house isnt habitable and requires demolition, which opens up the opportunity to start fresh on a blank canvas.
The size of Nerrina is approximately 6.7 square kilometres. It has 4 parks covering nearly 57.8% of total area. The population of Nerrina in 2011 was 849 people. By 2016 the population was 958 showing a population growth of 12.8% in the area during that time. The predominant age group in Nerrina is 50-59 years. Households in Nerrina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nerrina work in a professional occupation. In 2011, 91.7% of the homes in Nerrina were owner-occupied compared with 90% in 2016.
Nerrina has 479 properties. Over the last 5 years, Houses in Nerrina have seen a 28.93% increase in median value. As at 31 October 2024:
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