8 Yellow Gum PlaceTorquay VIC 3228
Property Details for 8 Yellow Gum Pl, Torquay
Last Listing description (May 2024)
This beautiful vacant allotment is situated off Briody drive/Grossmans Road.
Within walking distance to St Therese Primary & Torquay Collage, the location for a young family is unbeatable.
Bordering along farm land and Deep Creek, you will not have any further surrounding development creating a peaceful and private space to create your dream home or subdivide and develop.
A sizeable block - 683m2
North facing outlook
Titled land
10% deposit
Flexible settlement terms
Building permits/Subdivision STCA
Property History for 8 Yellow Gum Pl, Torquay, VIC 3228
- 12 Apr 2024Listed for Sale $900,000-$950,000
- 12 Apr 2024Sold for $875,000
- 03 Oct 2023Listed for Sale $900,000-$950,000
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About Torquay 3228
The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of total area. The population of Torquay in 2011 was 10,141 people. By 2016 the population was 13,268 showing a population growth of 30.8% in the area during that time. The predominant age group in Torquay is 0-9 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 72% of the homes in Torquay were owner-occupied compared with 73.4% in 2016.
Torquay has 11,033 properties. Over the last 5 years, Houses in Torquay have seen a 45.39% increase in median value, while Units have seen a 22.73% increase. As at 31 October 2024:
- The median value for Houses in Torquay is $1,238,249 while the median value for Units is $867,993.
- Houses have a median rent of $650 while Units have a median rent of $600.
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