60A Gorge RoadSouth Morang VIC 3752
Property Details for 60a Gorge Rd, South Morang
60a Gorge Rd, South Morang is a 4 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2014. The property has a land size of 13843m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 4 bedroom Townhouse sold in South Morang in the last 12 months.
Last Listing description (February 2023)
Savills is delighted to offer for sale this prime infill site located at 60 Gorge Road, South Morang. The property has a permit for a 36 lot subdivision with potential to increase yield, and is supported by strong surrounding amenity including retail, education and transport.
Key attributes of this opportunity are:
- Frontage to Gorge Road and Allamanda Crescent
- General Residential Zone 1
- Plans and permit for 36 lot subdivision
- Potential to significantly increase density with adjoining projects complete at much higher yields
- Opposite Morang South Primary School
- Bus routes run along Gorge Road with Middle Gorge Train Station within 800m*
- Short commute to the major Westfield Plenty Valley Shopping Centre
- South Morang is a high demand location that has experienced a 50% rise in median house price since 2015^
*Approximate.
SOLD
For further information please contact:
Julian Heatherich 0412 995 655
Benson Zhou 0458 488 888
Property History for 60a Gorge Rd, South Morang, VIC 3752
- 21 Sep 2023Sold for $8,214,381
- 08 Jul 2022Listed for Sale $290,000-$319,000
- 08 Sep 2021Sold for $6,420,000
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0About South Morang 3752
The size of South Morang is approximately 21 square kilometres. It has 70 parks covering nearly 37.1% of total area. The population of South Morang in 2011 was 20,873 people. By 2016 the population was 24,043 showing a population growth of 15.2% in the area during that time. The predominant age group in South Morang is 30-39 years. Households in South Morang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Morang work in a professional occupation. In 2011, 79.3% of the homes in South Morang were owner-occupied compared with 76.9% in 2016.
South Morang has 10,973 properties. Over the last 5 years, Houses in South Morang have seen a 30.60% increase in median value, while Units have seen a 36.08% increase. As at 31 July 2024:
- The median value for Houses in South Morang is $818,511 while the median value for Units is $536,950.
- Houses have a median rent of $550 while Units have a median rent of $488.
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