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Sold on 09 Dec 2024 - Price Unavailable

44-50 Maffra-Sale Road
Sale VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 171000m2
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Property Details for 44-50 Maffra-Sale Rd, Sale

Building Type
Land
Land Size
171000m2

Last Listing description (December 2024)

A prime piece of development land has entered the market place for sale. Set on the North Western edge of the Sale growth corridor and strategically placed to be the next high quality land development, it has all the markings of a future boutique Residential Estate. Recent subdivisions within the area have been overwhelmed with popularity and produced high end retail pricing from the market.
This ideally located property is currently zoned Special Use but adjoins existing GRZ1 land and is next in line for rezoning under the Wellington Shires strategic North Sale development plan. Offering 17.1 hectares of land with expansive frontage to the Maffra-Sale Road and as per the North Sale plan provides an end result in the region of 160 residential allotments.
The property is set close to the other recent residential developments of Woondella, Glebe Estate, Glenhaven, and Drayton Park providing that key infrastructure is close at hand.

EOI CLOSING FRIDAY 26TH OF JULY 2024 AT 1PM

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333

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Property History for 44-50 Maffra-Sale Rd, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
09 Dec 2024
  • 09 Dec 2024
    Sold
  • 14 Nov 2024
    Listed for Sale EXPRESSION OF INTEREST CLOSING 26.07.24 AT 1PM
  • 25 Jun 2024
    Listed for Sale EXPRESSION OF INTEREST CLOSING 26.07.24 AT 1PM

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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,765 properties. Over the last 5 years, Houses in Sale have seen a 47.25% increase in median value, while Units have seen a 49.11% increase. As at 30 November 2024:

  • The median value for Houses in Sale is $470,538 while the median value for Units is $320,588.
  • Houses have a median rent of $470 while Units have a median rent of $370.
There are currently 161 properties listed for sale, and 35 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 325 properties were sold in the past 12 months in Sale.

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Chris Morrison
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Sarah Bedggood
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