Lot 1710 - Newbridge Estate - Wallan

Description

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Wallan, historically known as Wallan Wallan, is a fast-growing town located about 45 kilometres north of Melbourne’s CBD in the Shire of Mitchell, carrying the postcode 3756. With a population of just over 15,000, the area has become an attractive option for families and first-home buyers seeking more affordable housing while still having reasonable access to the city. Originally a rural village named after the Wallan Wallan pastoral run, the town has steadily grown, and today it offers a balance of country charm and suburban convenience.

The community is young, with a median age of about 33 years, and is largely made up of couples with children living in modern housing estates such as Wallara Waters and Springridge. Wallan provides a good range of amenities including shopping centres, schools, parks, medical services, and community facilities, while its transport links make commuting manageable.

The town has its own V/Line station connecting to Melbourne in under an hour, local bus services, and direct access to the Hume Freeway, with planned upgrades to the Watson Street interchange to improve traffic flow. While Wallan continues to expand rapidly, some infrastructure and services are still catching up to growth, and congestion can be a challenge, but its affordability, family-friendly lifestyle, and strong sense of community make it a popular and promising place to live.

• Property Type: House and LandSMSF Single Contract
• Property Stage: N/A
• Price: $ 705,000.00
• Land Price: N/A
• Build Price: N/A
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 1
• Floor Plan: N/A
• Completion: Q2 2026
• Land Size: 388
• Area Size: 174.30
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 475.00
• Est. Body Corp.: N/A
• Title Status: Registered
• Gross Per Week: $ 475.00
• Gross Per Annum: $ 24,700.00
• Gross Yield: 3.50%
• Capital Growth 12 Months: 2.36%
• Capital Growth 10 Year Annualised: 3.41%
• Vacancy Rate: 2.48%