SOLD
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Sold on 17 Jul 2024 - Price Unavailable

8 Grassdale Road
Sale VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 47ha
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Property Details for 8 Grassdale Rd, Sale

Building Type
Land
Land Size
47ha
Local Government
Wellington

Last Listing description (July 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 arena, given the fact of a short supply available.
This ideally located property is currently zoned Farming but adjoins existing GRZ1 land and is next in line for rezoning under the Wellington Shires strategic North Sale development plan. Offering 47 hectares of land with expansive frontage to both the Sale Maffra Road and Grassdale Lane and as per the North Sale plan provide an end result in the region of circa 500 residential allotments plus the impressive Homestead allotment.
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.

The other key feature is the Historic “Grassdale Homestead” set in Western corner of the property. The Homestead dates back to Circa 1863 and will provide the astute developer the opportunity to either utilise the residence itself or create an iconic property to market within the development.

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

Property History for 8 Grassdale Rd, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
17 Jul 2024
  • 17 Jul 2024
    Sold
  • 31 Jan 2024
    Listed for Sale EXPRESSION OF INTEREST: CLOSED

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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 8,756 properties. Over the last 5 years, Houses in Sale have seen a 47.96% increase in median value, while Units have seen a 56.68% increase. As at 31 October 2024:

  • The median value for Houses in Sale is $470,209 while the median value for Units is $326,571.
  • Houses have a median rent of $470 while Units have a median rent of $363.
There are currently 151 properties listed for sale, and 33 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 318 properties were sold in the past 12 months in Sale.

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Contact agent
Chris Morrison
Show contact details
Graham Chalmer Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.