16-20 King StreetRochester VIC 3561
Property Details for 16-20 King St, Rochester
16-20 King St, Rochester is a 0 bedroom, 0 bathroom House. The property has a land size of 14357m2.
Last Listing description (March 2023)
Residential zoned land being 14314m2 in total (3.537 acres or 1.431 Hectares).
With Rochester and surrounding areas experiencing unprecedented high demand for residential building blocks, and with zero availability of blocks for sale at the present time, there is certainly an opportunity for a subdivided development (STCA) to be offed to the market at a time with exceptionally high buyer demand offering the chance of a fast payback of capital to the developer.
All services available but not connected.
Volume 7481 Folio 027 Lots 18 and 19 on PS005546 -2 allotments 6072m2.
Volume 8163 Folio 078 Lots 1&2 TP257924Y -2 allotments approx. 2170m2.
Volume 3688 Folio 452 lot 20 PS005546 -1 allotment approx. 3036m2.
Volume 4363 Folio 401 lot 22 PS005546 -1 allotment approx. 3036m2.
With 13-15 Hotham street just coming on to the market (adjoining land), if you add this property to this holding, you will add another 4000m2 to the lot and make a perfect square block of land between King and Hotham streets opening up a lot more flexibility with subdivision design.
Call Luke Ryan on 0438 841 127 to discuss this opportunity.
Property History for 16-20 King St, Rochester, VIC 3561
- 29 Jun 2022Listed for Sale $499,000 - $549,000
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0About Rochester 3561
The size of Rochester is approximately 86.4 square kilometres. It has 9 parks covering nearly 4.3% of total area. The population of Rochester in 2011 was 3,135 people. By 2016 the population was 3,100 showing a population decline of 1.1% in the area during that time. The predominant age group in Rochester is 50-59 years. Households in Rochester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rochester work in a managers occupation. In 2011, 77.5% of the homes in Rochester were owner-occupied compared with 76.3% in 2016.
Rochester has 1,869 properties. Over the last 5 years, Houses in Rochester have seen a 42.37% increase in median value, while Units have seen a 72.86% increase. As at 31 August 2024:
- The median value for Houses in Rochester is $333,014 while the median value for Units is $333,645.
- Houses have a median rent of $490 while Units have a median rent of $175.
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