OFF MARKET

297 Parwan-Exford Road
Parwan VIC 3340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 407241m2
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Property Details for 297 Parwan-Exford Rd, Parwan

Building Type
Rural
Land Size
407241m2
Local Government
Melton
Lot/Plan
1/PS513363

Last Listing description (August 2019)

Be quick opportunities of this nature rarely last - 100 Acres Green Wedge Zone. This is a rare opportunity to buy a substantial parcel within minutes of Bacchus Marsh, Melton and with Melton Reservoir frontage.
The Western Freeway and future road plans provides an easy commute to Melbourne CBD and Airport, as does the train line.Bacchus Marsh is no longer a quiet country town far from the City. The unique combination of green landscapes and urban amenities distinguishes Bacchus Marsh from other regional areas and is why new members are choosing to live in the community.
Features are:

- 100 acres (approx) in green wedge zone of Melton council.
- Situated at bank ok Werribee river.
- Minutes away from Melton,Hopetoun park and Bacchush marsh residential.
- Very next to drafted residential PSP of Parwan and future Parwan station.

Growth is happening now and will continue to happen. The current population of some 20,000 people is predicted to double by 2041. Growth is an opportunity to encourage investment and local prosperity, provided it is well planned. This is the purpose of the UGF.

The Bacchush Marsh UGF is a strategic document jointly prepared by the VPA and Council. The document will earmark land for growth and coordinate and sequence required infrastructure. Additionally, it will seek to enhance the character that makes Bacchus Marsh an attractive place to live.
***PHOTO ID REQUIRED AT ALL INSPECTIONS***
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

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Property History for 297 Parwan-Exford Rd, Parwan, VIC 3340

A timeline of how this property has performed in the market
Last Sold
$2,860,000
04 Aug 2022
  • 04 Aug 2022
    Sold for $2,860,000
  • 08 Nov 2019
    Listed for Sale Contact Agent
  • 21 May 2019
    Listed for Sale Contact Agent
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About Parwan 3340

The size of Parwan is approximately 78.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Parwan in 2011 was 311 people. By 2016 the population was 151 showing a population decline of 51.4% in the area during that time. The predominant age group in Parwan is 60-69 years. Households in Parwan are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Parwan work in a trades occupation. In 2011, 90.4% of the homes in Parwan were owner-occupied compared with 60.4% in 2016..

Parwan has 125 properties. Over the last 5 years, Houses in Parwan have seen a 59.04% increase in median value. As at 30 September 2024:

  • The median value for Houses in Parwan is $1,233,878.
There are currently 10 properties listed for sale, and 1 property listed for rent in Parwan on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Parwan.

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