OFF MARKET

5 Geehi Way
Ravenhall VIC 3023

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1240m2
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Property Details for 5 Geehi Way, Ravenhall

Building Type
Land
Land Size
1240m2
Local Government
Melton
Lot/Plan
126/PS723757

Last Listing description (October 2023)

CBRE is pleased to exclusively bring to market 5 Geehi Way, Ravenhall within the highly sought after West Link Estate. This is a rare opportunity to purchase a prime block with building permits and engineering drawings.

Property highlights;

Owner occupier or developer dream
Booming precinct
Industrial 3 zone
Major arterial access
30-45 day settlement terms available
Dimensions 22.5m* x 55m*
Site Area: 1,265m*

The West Link Estate is an industrial 3 zoned estate, which boasts unrivalled proximity to the major arterial access to the Western Highway and Deer Park Bypass.

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Property History for 5 Geehi Way, Ravenhall, VIC 3023

A timeline of how this property has performed in the market
Last Sold
$1,430,000
24 Mar 2022
  • 24 Mar 2022
    Sold for $1,430,000
  • 10 Feb 2022
    Listed for Sale Contact Agent
  • 13 Nov 2013
    Sold for $278,300

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About Ravenhall 3023

The size of Ravenhall is approximately 13.6 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of Ravenhall in 2011 was 688 people. By 2016 the population was 1,162 showing a population growth of 68.9% in the area during that time. The predominant age group in Ravenhall is 20-29 years. Households in Ravenhall are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ravenhall work in a trades occupation. In 2006, 25% of the homes in Ravenhall were owner-occupied compared with 74.4% in 2011.

Ravenhall has 1,294 properties. Over the last 5 years, Houses in Ravenhall have seen a 140.54% increase in median value, while Units have seen a 42.71% increase. As at 30 September 2024:

  • The median value for Houses in Ravenhall is $800,314 while the median value for Units is $648,118.
There are currently 5 properties listed for sale, and 11 properties listed for rent in Ravenhall on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Ravenhall.

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