27 Caves Rd, Abbey is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1989. The property has a land size of 824m2 and floor size of 205m2. While the property is not currently for sale or for rent, it was last sold in August 1988.
The two subject lots are part of a survey strata development of a former vineyard. The development in its entirety has received planning approval for a commercial & tourism hamlet.
Lot 26 (14.4904 hectares) is a survey strata lot with frontage to Caves Road and is improved with 11.55 hectares of mature vines. This lot surrounds the approved 4 commercial lots of the former development as shown on the attached plan.
Lot 27 (1,000sqm) is a vacant survey strata lot that is designated for use as a manager or caretakers lot associated with Lot 26. If required, this lot can be purchased at $220,000.
The size of Abbey is approximately 2.5 square kilometres. It has 3 parks covering nearly 1.4% of total area. The population of Abbey in 2011 was 1,024 people. By 2016 the population was 1,277 showing a population growth of 24.7% in the area during that time. The predominant age group in Abbey is 0-9 years. Households in Abbey are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbey work in a trades occupation. In 2011, 63.1% of the homes in Abbey were owner-occupied compared with 68.8% in 2016.
Abbey has 721 properties. Over the last 5 years, Houses in Abbey have seen a 100.46% increase in median value, while Units have seen a -33.21% decrease. As at 31 October 2024:
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