91 Williamsons RoadSouth Morang VIC 3752
Property Details for 91 Williamsons Rd, South Morang
Last Listing description (March 2021)
** SOLD **
Substantial development opportunity located within Melbournes Northern Growth Corridor, one of Australias fastest growing regions, with South Morang itself seeing a significant increase in both median house price and population growth over recent years.
Situated within a High Demand residential market, the property will suit a host of end uses including new homes, town houses, multi-level residential, aged care and more (STCA).
Property features include:
Large landholding of 27,990sqm (2.799ha)*
120m* frontage to Williamsons Road plus abutting Findon Road Extension at rear^
Flexible zoning Mixed Use (MUZ)
Located opposite Marymede Catholic College
Walking distance to Middle Gorge Train Station (300m* away) plus nearby bus network
Close to a host of retail amenity including Westfield Plenty Valley, Home Co. and South Morang Central
Terms: 10% deposit, balance of monies 30/60/90 days
*Approx.
^Due for competition mid-2021
Property History for 91 Williamsons Rd, South Morang, VIC 3752
- 23 Mar 2021Sold for $7,350,000
- 06 Jan 2021Listed for Sale Contact Agent
- 27 Oct 2018Listed for Sale EXPRESSIONS OF INTEREST
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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 10,949 properties. Over the last 5 years, Houses in South Morang have seen a 25.27% increase in median value, while Units have seen a 31.25% increase. As at 30 September 2024:
- The median value for Houses in South Morang is $811,003 while the median value for Units is $525,640.
- Houses have a median rent of $550 while Units have a median rent of $500.
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