SOLD
Sold on 04 Apr 2024 for $120,000

533 Maldon-Newstead Road
Welshmans Reef VIC 3462

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 68m2
Land area: 4047m2
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Property Details for 533 Maldon-Newstead Rd, Welshmans Reef

Building Type
Land
Year Built
1980
Floor Size
68m2
Land Size
4047m2
Local Government
Mount Alexander
Lot/Plan
2~C/PP3562

Last Listing description (April 2024)

Discover the untapped potential of this 4,000m2 / 1 acre level vacant block of land set in a farm zone, offering a canvas for your rural dreams. The property, rich with possibilities, invites you to envision a bespoke haven, a planning permit is required due to the zoning - subject to council approval. Mains power availability enhances the convenience of your future development.

Situated merely 5 minutes by car from the charming townships of Maldon and Newstead, convenience meets tranquillity in this location. Enjoy the proximity to local amenities, while relishing the peaceful ambiance of the countryside. For those seeking recreational escapes, the shores of Lake Cairn Curran are a mere 3-minute drive away. Seize the opportunity to create your idyllic retreat, balancing the beauty of nature with the comforts of modern living.

Property History for 533 Maldon-Newstead Rd, Welshmans Reef, VIC 3462

A timeline of how this property has performed in the market
Last Sold
$120,000
04 Apr 2024
  • 04 Apr 2024
    Sold for $120,000
  • 08 Dec 2023
    Listed for Sale $140,000
  • 14 Jul 2015
    Sold for $160,000

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About Welshmans Reef 3462

The size of Welshmans Reef is approximately 31.1 square kilometres. It has 1 park covering nearly 14.2% of total area. The population of Welshmans Reef in 2011 was 433 people. By 2016 the population was 239 showing a population decline of 44.8% in the area during that time. The predominant age group in Welshmans Reef is 10-19 years. Households in Welshmans Reef are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Welshmans Reef work in a professional occupation. In 2011, 82.3% of the homes in Welshmans Reef were owner-occupied compared with 86.9% in 2016..

Welshmans Reef has 162 properties. Over the last 5 years, Houses in Welshmans Reef have seen a 23.79% increase in median value, while Units have seen a -4.91% decrease. As at 30 November 2024:

  • The median value for Houses in Welshmans Reef is $748,667 while the median value for Units is $509,974.
There are currently 4 properties listed for sale, and no properties listed for rent in Welshmans reef on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Welshmans reef.

Suburb Insights for Welshmans Reef 3462

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Castlemaine Property Group
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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.