32 Burgundy St, Pascoe Vale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 437m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Pascoe Vale in the last 12 months.
Seize this unique development opportunity with a property ideally positioned in the heart of Pascoe Vale's with a Residential Growth Zone - Schedule 2 (RGZ - 2) zoning. This land, offers a rare chance for developers and investors to capitalise on its intrinsic value, with an existing structure. The property perfectly suited for a comprehensive redevelopment project. It supports versatile planning options that could accommodate various residential or mixed-use developments, subject to council approval. This property presents a clear canvas for those looking to construct a new, modern development that can maximise the site's value and appeal. The zone's designation encourages growth and increased density, making it an ideal site for a project that could meet the area's growing demand for housing. Situated in a thriving neighbourhood, the site benefits from outstanding proximity to local amenities, including shopping centres, schools, and public transport options, enhancing its attractiveness for future residents and ensuring a smart, sustainable investment. This property represents not just a piece of land but a gateway to immense potential in one of Melbourne's steadily expanding suburbs. This is an exceptional opportunity for developers to design and construct a landmark project in a community geared towards growth and development.
The size of Pascoe Vale is approximately 4.9 square kilometres. It has 22 parks covering nearly 7.4% of total area. The population of Pascoe Vale in 2011 was 14,886 people. By 2016 the population was 17,038 showing a population growth of 14.5% in the area during that time. The predominant age group in Pascoe Vale is 30-39 years. Households in Pascoe Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pascoe Vale work in a professional occupation. In 2011, 67.7% of the homes in Pascoe Vale were owner-occupied compared with 63.1% in 2016.
Pascoe Vale has 9,806 properties. Over the last 5 years, Houses in Pascoe Vale have seen a 17.26% increase in median value, while Units have seen a 10.85% increase. As at 31 October 2024:
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