Lot 2SE, O'connors Road
Property Rating: 16
328 days on Market

Lot 2SE, O'connors Road,
Mangalore, Vic

other
First listed on 17/02/2024
Property Overview
Bedrooms0
Bathrooms0
Car Spaces0
Current Asking Price

Withheld

Cash Required (10% Deposit)

$1,746

Agent

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Market Appraisal

Confidence

High

-

Medium

-

Low

-

Appraised Rent

Confidence

-

Original Listing

Property Inspection Report

Property Overview

Amazing lifestyle properties available, ranging from 2000m2 to 3.5 acres, perfect for living with horses or cattle. These farm-zoned lots require individual building applications. Benefit from flat, arable land with convenient town water access. Mains power is nearby, and there’s good road access, some lots even have direct bitumen frontage. Located in the original Mangalore township, close to Seymour, Avenel, and Melbourne. A great opportunity for rural living within reach of the city.

Inspection Checklist

  • Verify the exact size of the allotments (2000m2 to 3.5 acres).
  • Confirm the zoning details and any restrictions (farm zoned, STCA).
  • Check the availability and connection process to town water (STWA).
  • Investigate proximity to mains power and cost of connection.
  • Assess the quality and maintenance of road access and bitumen frontage.
  • Examine the flatness and arability of the land.
  • Verify the proximity to Melbourne, Seymour, and Avenel.
  • Explore potential for building applications and associated approvals.

Questions for Agent

  • Can you clarify what the farm zoning entails for these lots?
  • What does STCA mean in the context of building applications?
  • How is access to town water handled for these properties?
  • Is there a specific process or cost for connecting to mains power?
  • Could you provide more information about the quality of road access?
  • How does the lot's location relate to nearby towns and Melbourne?
  • Are there any additional costs or restrictions we should know about?

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Location Opportunity

Mitchell Shire statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

49,460

2021 Population

33

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Very Diverse

Public Administration and Safety - 15.0%

Health Care and Social Assistance - 12.0%

Education and Training - 11.0%

Retail Trade - 10.0%

Others - 52.0%

income growth
High

Average Income

COMMUTE TIME

78mins

40kms

Average

Pr

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Spent Per Capita

$15K
1

Visy Industries

A new recycling facility to process 120000 tonnes of recyclables per year

ManufacturingUnder construction
$50M
2

Sutton Tools

A new manufacturing facility to produce highquality cutting tools

ManufacturingConfirmed
$30M
3

Mitchell Shire Council

A proposed food manufacturing precinct to support local food producers

ManufacturingUnder consideration
$40M
4

Yarra Valley Water

Upgrade of the Wallan Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterUnder construction
$25M
5

Goulburn Valley Water

Upgrade of the Seymour Water Treatment Plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterConfirmed
$30M
6

Mitchell Shire Council

Development of a solar farm to generate renewable energy and reduce greenhouse gas emissions

Energy, Electricity, Gas & WaterUnder consideration
$40M
7

Boral Limited

Expansion of the existing Mangalore Quarry to increase limestone production

MiningConfirmed
$25M
8

Holcim Australia Pty Ltd

Development of a new quarry to supply limestone and aggregate products

MiningUnder Construction
$30M
9

Barro Group

Proposed development of a new quarry to extract sand and gravel

MiningUnder consideration
$20M
10

Mitchell Shire Council

A new community centre for Wallan featuring multipurpose rooms kitchen facilities and outdoor spaces

Community & Other servicesUnder construction
$25M
11

Mitchell Shire Council

A new sports and aquatic centre for Seymour featuring a 50m pool gym and sports courts

Community & Other servicesConfirmed
$30M
12

Kilmore Men's Shed Inc.

A community workshop and meeting space for men in Kilmore

Community & Other servicesComplete
$2M
13

Victorian Government

A new hospital to serve the growing community of Wallan and surrounding areas

HealthUnder construction
$68M
14

Seymour Health

A new health precinct to provide a range of medical services to the Seymour community

HealthConfirmed
$30M
15

Public Transport Victoria

Upgrade of Wallan Railway Station to improve accessibility and amenities for passengers

Transport & StorageUnder construction
$25M
16

Public Transport Victoria

Upgrade of Seymour Railway Station to improve accessibility and amenities for passengers

Transport & StorageConfirmed
$30M
17

Mitchell Shire Council

Development of an intermodal freight terminal in Beveridge to improve freight efficiency and reduce congestion

Transport & StorageUnder consideration
$50M
18

Mitchell Shire Council

A mixeduse development featuring retail commercial and community spaces in the heart of Wallan

Mixed useUnder construction
$30M
19

VicTrack

A mixeduse development featuring retail commercial and community spaces around Seymour Station

Mixed useConfirmed
$25M
20

Mitchell Shire Council

A mixeduse development featuring retail commercial and community spaces in the heart of Broadford

Mixed useUnder consideration
$20M
21

Mitchell Shire Council

The Wallan Town Centre Revitalisation project aims to enhance the towns central business district improving its aesthetic appeal and functionality

Finance, Property & Business servicesUnder construction
$25M
22

V/Line

The Seymour Railway Precinct Redevelopment project involves the upgrade of the Seymour railway station and surrounding precinct improving accessibility and amenities for passengers

Finance, Property & Business servicesConfirmed
$30M
23

Private Developer

The Broadford Industrial Estate Expansion project proposes the development of a new industrial estate providing additional land for businesses and creating jobs in the region

Finance, Property & Business servicesUnder consideration
$40M
24

Mitchell Shire Council

The Kilmore Town Centre Revitalisation project aims to enhance the towns central business district improving its aesthetic appeal and functionality

Finance, Property & Business servicesUnder consideration
$20M
25

Wallan Hotel Pty Ltd

A new hotel and accommodation development in Wallan featuring 100 rooms and amenities

AccommodationUnder construction
$25M
26

Broadford Apartments Pty Ltd

A new serviced apartment complex in Broadford featuring 150 apartments and amenities

AccommodationConfirmed
$30M
27

Kilmore Quarters Pty Ltd

A proposed mixeduse development in Kilmore featuring 200 apartments retail and amenities

AccommodationUnder consideration
$40M
28

V/Line

The Seymour Railway Station Upgrade project involves the redevelopment of the station including the construction of a new platform improved accessibility and upgraded facilities

TradeConfirmed
$30M
29

Mitchell Shire Council

The Beveridge Central Precinct Development project proposes the creation of a new town centre including the construction of a community centre library and commercial spaces

TradeUnder consideration
$40M
30

Tatura Milk Industries

Expansion of the Tatura Milk Industries facility to increase milk processing capacity

Agriculture, Forestry & FishingUnder construction
$50M
31

Seymour Fish Farm Pty Ltd

Development of a new fish farm in Seymour to produce highquality fish for the domestic market

Agriculture, Forestry & FishingConfirmed
$30M
32

VicForests

Development of a new forestry hub in Broadford to support the local forestry industry

Agriculture, Forestry & FishingUnder consideration
$25M
33

Mitchell Shire Council

Redevelopment of Mitchell Shire Council offices to improve efficiency and customer service

GovernmentUnder consideration
$20M

Li

Local Services

Good

1

Coles

Supermarket

17km
2

Woolworths

Supermarket

17km
3

Melbourne Airport

Airport

61km
4

Melbourne-Essendon Airport

Airport

66km
5

Broadford Secondary College

School

8km
6

Broadford Primary School

School

8km
7

Tallarook Primary School

School

10km
8

RMIT University Bundoora Campus East

University

60km
9

La Trobe University, Melbourne Campus

University

65km

Po

Population Growth

Average Population

POPULATION vs SUPPLY
Balanced

Projected Population Growth

19.6%

projected

for 2025 to 2027

Very High

Su

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Recent New Home Construction

9.2%

High
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

RENTAL YIELD
Poor

Average Rental Yield

VACANCY RATE
Very Good

Average Vacancy Rate

Days of Supply
Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Excellent

Average Population

Pricing

Sold Price

Asking Price

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