19-23 Railway CrescentWurruk VIC 3850
Property Details for 19-23 Railway Cres, Wurruk
Last Listing description (June 2023)
The opportunities to secure large parcels of land with planning permits in place for multi dwelling developments in sought after regional areas of Australia are hard to secure, making this one in the popular Wellington Shire stand out like a beacon at night!!
The land carries the premium General Residential Zone and the area totals 6149sqm (1.519 Acres) with huge expansive 75.8M (approx.) frontage to Railway Crescent. All town services are available including power, town water, gas and sewerage.
To take this development opportunity to the next level there are two live planning permits in place. The first is for the construction of sixteen (16) two and three bedroom townhouses that would secure strong demand in the sales and rental spaces. To compliment the first permit is the second one that allows for the staged subdivision of the land giving the developer plenty of flexibility within the project!
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist Or call us on (03) 5144 4333
Property History for 19-23 Railway Cres, Wurruk, VIC 3850
- 28 Apr 2022Sold for $451,000
- 08 Apr 2022Listed for Sale $350,000 - $385,000 + GST
- 26 Aug 2020Listed for Sale $340,000
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0About Wurruk 3850
The size of Wurruk is approximately 9.7 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Wurruk in 2011 was 1,077 people. By 2016 the population was 1,110 showing a population growth of 3.1% in the area during that time. The predominant age group in Wurruk is 10-19 years. Households in Wurruk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wurruk work in a professional occupation. In 2011, 72.6% of the homes in Wurruk were owner-occupied compared with 72% in 2016.
Wurruk has 608 properties. Over the last 5 years, Houses in Wurruk have seen a 16.99% increase in median value, while Units have seen a 49.39% increase. As at 31 October 2024:
- The median value for Houses in Wurruk is $463,077 while the median value for Units is $322,869.
- Houses have a median rent of $365 while Units have a median rent of $220.
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