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$3,600,000 - Sold 4 Dec 2024
Stonebridge Property Group is pleased to present for sale, under instructions from Vendor Marketing and JACX Property, 525 Reservoir Road, Sunbury, a 5.54 Ha* landholding located within the future Sunbury West PSP, this property sits in Hume City Council, one of Australia’s fastest-growing regions (City of Hume 2023), approximately 37 km* northwest of Melbourne’s CBD.
The key highlights of the opportunity include:
– Expansive 5.54 Ha* landholding in the future Sunbury West PSP
– Concept plan for 92 residential lots (STPA)
– Conveniently accessible via the Sunbury Train Station (4.6 km*), offering a direct link to Melbourne’s CBD
– Just 730 m* from Calder Freeway, providing direct access to Melbourne and Bendigo
– Excellent local education options, including Sunbury Heights Primary School (2.9 km*)
– Proximity to major retail amenities, only 4.3 km* from Sunbury CBD, home to Woolworths, Coles, Big W, and more
– Rapidly growing population: Sunbury’s current population of approximately 40,701 residents (ABS 2021)
is projected to surge by 148%, reaching 101,065 residents by 2041 (forecast.id 2024), putting significant
pressure on housing demand and home values.
– Strong real estate performance: The median house price in Sunbury is currently $667,000, reflecting a
robust 27.5% growth over the past four years (REIV 2024).
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