Lot 1005 - Newbridge South - Wallan

Description

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Wallan is a fast-growing town/suburb located in the state of Victoria, about 45 km north of Melbourne. It forms part of the Mitchell Shire and sits along the major Hume Freeway, making it a key commuter area between the city and regional Victoria.

Wallan has evolved from a small rural settlement into a developing residential community, with a population of around 15,000 people as of the 2021 census. The suburb is known for its mix of country charm and modern living, attracting families and professionals who want more space and affordability while still being within commuting distance of Melbourne.

The area offers essential amenities including schools, shopping centres, parks, and recreational facilities. It has a strong family-oriented environment, with many households being couples with children and a high rate of home ownership. Residential developments—such as the Hidden Valley estate with its golf course—highlight the suburb’s ongoing growth and suburban expansion.

Transport access is a key feature, with road connections via the Hume Freeway and rail services (V/Line) linking Wallan to Melbourne, although infrastructure is still catching up with the area’s rapid population growth

• Property Type: Prestige House & LandSMSF Freehold New Build
• Property Stage: N/A
• Price: $ 669,000.00
• Land Price: N/A
• Build Price: N/A
• Beds: 3
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Conifer
• Completion: N/A
• Land Size: 316
• Area Size: 156.39
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 460.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 460.00
• Gross Per Annum: $ 23,920.00
• Gross Yield: 3.58%
• Capital Growth 12 Months: 2.36%
• Capital Growth 10 Year Annualised: 3.41%
• Vacancy Rate: 2.48%