Real Estate

chirnside parkaes 1 799 million patch of dirt with a shed

Written by The ReReport

That’s an expensive shed.

A PATCH of dirt home only to a shed has hit the market in Chirnside Park with a hefty $1.799 million price tag.
The 2.02ha block at 7 Stanley St is making ground with buyers who are looking to snap up one of area’s last opportunities to build a dream home from scratch.

RELATED: Chirnside Park hot with palatial mansions on the market

Chirnside Park’s palatial mansion back up for grabs, with $9 million asking price

The huge block is one of the last spots left to build a dream home without knocking another down in the area.

Jellis Craig Doncaster agent Matthew Lockyer said the vacant allotment was one of Chirnside Park’s last acreage sites and was luring buyers seeking space, luxury and a country meets convenient lifestyle.
“This is one of the last (vacant) blocks available, most have been built on,” Mr Lockyer said
“It’s a blank canvas to build whatever you would like, which certainly excites some people.”

The price tag is an eye-watering figure compared to Chirnside Park’s $748,056 median house price, which has jumped 68.1 per cent in the past five years, according to CoreLogic data.
“It’s five acres of land where you have the country lifestyle but are close to amenities and you’re surrounded by expensive and beautiful homes,” he said.
“People are put onto Chirnside Park from suburbs like Templestowe, Donvale and Park Orchards, mainly because you get so much more for your money.
“Five acres for that type of money is not very expensive in comparison to what you would pay in those areas.”

Gas, electricity, water and telephones lines are already connected to the proposed building site.

The property offers views of the Dandenong Ranges and has gas, electricity, water and telephone lines connected to the proposed building site.
Permits for a two-level home are currently being renewed, but Mr Lockyer said it was likely someone would design their own home rather than “take over someone else’s dream”.
He said the Chirnside Park market had softened but high-end properties hadn’t been hit as hard, with “a lot of $3, $4 and $5 million sales” recently. They include a huge 1115sq m property at 80 Sunset Drive which was snapped up for $3.3 million after being on the market for just two weeks.
“There’s plenty of money in the high-end market with people just waiting for the right property or land to come up,” Mr Lockyer said.

MORE: Elwood and Middle Park defying the market with impressive price growth

Palm Beach Drive, Patterson Lakes, one of the state’s most popular streets

Quaint shopfront’s surprise stylish extension

Source link