First time offered for sale in over 64 years this rare farming land formed the western precinct of Kingston Park.
Enjoy stunning borrowed valley views, this large commercial landholding has two street frontages, fully fenced, three dams and crosses Dunns Creek.
At the gateway to the renowned Mornington Peninsula wine region and lifestyle destination, this opportunity is located less than 60 minutes from Melbourne CBD, with neighbouring tourist and hospitality hotspots like Port Phillip Estate, Jackalope Hotel and Point Leo Estate only minutes away.
Proudly marketed by the team at Peninsula Sotheby's International Realty.
The size of Red Hill is approximately 23.5 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Red Hill in 2011 was 734 people. By 2016 the population was 915 showing a population growth of 24.7% in the area during that time. The predominant age group in Red Hill is 60-69 years. Households in Red Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 82.8% of the homes in Red Hill were owner-occupied compared with 81.7% in 2016.
Red Hill has 628 properties. Over the last 5 years, Houses in Red Hill have seen a 11.56% increase in median value, while Units have seen a 51.50% increase. As at 31 October 2024:
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