533 Maldon-Newstead RoadWelshmans Reef VIC 3462
Property Details for 533 Maldon-Newstead Rd, Welshmans Reef
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
- 04 Apr 2024Sold for $120,000
- 08 Dec 2023Listed for Sale $140,000
- 14 Jul 2015Sold 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 22.09% increase in median value, while Units have seen a -4.91% decrease. As at 31 October 2024:
- The median value for Houses in Welshmans Reef is $738,365 while the median value for Units is $494,986.
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