Back 170 Main Neerim Road
Off Market

170 Main Neerim Road

Drouin VIC 3818

4
2
6
2.36 ha.
House
Elise DavidsonElise Davidson, last sold this property on 25 October 2023 after 287 days on market.

Overview

Once In A Lifetime 5.99 Acre property with Development Potential!

Situated on the fringe of town within easy reach of Drouin's town centre as well as convenient Freeway access, awaits this extremely rare 5.99 Acre property providing superb opportunity for immediate development STCA, or scope for the lifestyle buyer wishing to land bank and reap future rewards! This 46.2sqm double bricked quality home features timber vaulted ceilings, 4 bedrooms, 3 living areas, 2 bathrooms, 2 car garage plus multiple shedding in prime position featuring majestic and breathtaking mountain views! Drouin (Baw Baw Shire) is in one of the fastest growing regional growth corridors and with its unique access and proximity to Metro Melbourne it's no wonder so many investors/developers are hedging this way. Key Features: • 5.99 acres/2.428ha Low density Zoned land. • Current feasibility study available proposing a 5 - lot subdivision with the central lot retaining current residence and shed. (STCA) • Huge 15 X 25 m industrial shed plus 2 other sheds - all with concrete flooring & power. • Potential is only limited to your imagination and town planning guidelines! The property also lends itself to a multitude of different pursuits including those wishing to work from home. Drouin Fundamentals: • Population: 14,764 • 3.5km to V-Line train station • 11.7% increase in median house value 2022 • $620,000 median house price (data sourced from CoreLogic, Census 2021) This amazing piece of real estate with endless potential is not to be missed! Contact us today.

Features

4 bedrooms
2 bathrooms
6 carspaces
6 open car spaces
2.36 ha. lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Drouin over the last 12 months, the estimated median property value of 170 Main Neerim Road is $710k.

Median value
$710k
Estimated value range
$390k - $2.7m
Median days on market
48
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Drouin. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 170 Main Neerim Road

2024
Rented
Undisclosed
Leased on 21 Nov 2024 by OBrien Real Estate | Clark - Warragul
2023
Sold
Undisclosed
25 Oct 2023 by Elise Davidson, of OBrien Real Estate | Clark - Drouin

Happy sellers in Drouin

83%
83% of sellers in Drouin reported that their sale price either exceeded or met their price expectations.

Drouin stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 66 reviews in Drouin over the last 12 months.

Local market activity for 4 bedroom houses in Drouin

In the last 12 months, 180 four-bedroom houses similar to 170 Main Neerim Road, have been sold.

This represents a 7% increase in four-bedroom houses sales when compared to the previous 12 months.

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