OFF MARKET

414-494 Murphys Road
Parwan VIC 3340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 884900m2
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Property Details for 414-494 Murphys Rd, Parwan

Building Type
Rural
Land Size
884900m2
Local Government
Melton
Lot/Plan
1/TP414808

Last Listing description (August 2024)

Inwest Real Estate is delighted to present this supremely rare and exciting opportunity to acquire a vast land holding for sale. Sweeping across a spectacular 218 acres, this incredible parcel is poised to impress investors, land bankers, farmers, or sub-urban dwellers.*

Parcels of prime agricultural land such as this, with absolute sealed road frontage, will become increasingly difficult to obtain. Located just steps away from the Melton township, it also offers easy access to the Western Freeway. This enriching investment opportunity features the following key attributes:

No GST

218 acres of good farmland
A plethora of fenced paddocks
Located within one of the fastest-growing municipalities in the West, this property offers unparalleled proximity and amenities:

Only 1 km to all established estates
40 minutes to Melbourne CBD
35 minutes to Geelong Township
10 minutes to Melton Township
10 minutes to Bacchus Marsh Township
10 minutes to Melton Railway Station
8 minutes to Western Freeway

Primed for new ownership, there is plenty of scope for the implementation of fresh ideas and innovation. Situated in the City of Melton, which currently stands as one of the fastest-developing growth areas, this property is one not to be overlooked. Its close proximity to the expanding Urban Growth Zone speaks volumes for land bankers and investors.

For more details, please contact:

Safwat Ali on +61 403 035 992
Mgane Ah-Yu on +61 474 545 777
Boris Jakovidis on +61 468 420 204

Disclaimer: We have used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Purchasers should make their own enquiries and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 414-494 Murphys Rd, Parwan, VIC 3340

A timeline of how this property has performed in the market
Last Transferred
24 Sep 2023
  • 12 Jul 2024
    Listed for Sale $17,500,000
  • 16 Nov 2023
    Listed for Sale Not Disclosed
  • 24 Sep 2023
    Transferred
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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 124 properties. Over the last 5 years, Houses in Parwan have seen a 32.10% increase in median value. As at 31 October 2024:

  • The median value for Houses in Parwan is $1,024,912.
There are currently 9 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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