Back 2 McKean St
Off Market

2 McKean St

Maryborough VIC 3465

3
1
4
1064 m²
House
Last sold for $500,000
Monte ReevesMonte Reeves, last sold this property on 04 March 2026 after 78 days on market.

Overview

Dual Opportunity at 2 McKean Street: Immediate Income & Approved Development Potential!

This exceptional corner allotment property in the heart of Maryborough, VIC 3465, presents a rare and highly lucrative opportunity for discerning investors and developers. Located on a substantial landholding of approximately 1064 sqm, this offering combines immediate rental income with fully approved plans for future development, ensuring an outstanding return on investment. The Existing Asset: Immediate Rental Income The property currently features a charming and well-maintained 3-bedroom, 1-bathroom residence. Corner Allotment: Situated on a generous corner block, offering excellent street appeal and dual access potential. Solid Rental Potential: Currently leased, providing an income stream from day one while you plan and execute the next phase of development. Highly Desirable Location: Positioned conveniently in Maryborough, appealing to a wide range of prospective tenants. The Development Upside: Fully Approved Permits What truly sets this property apart is the ready-to-go development opportunity with permits already secured, saving you crucial time and expense. Approved Subdivision: Permits are in place for the subdivision of the corner block. Construction Ready: Includes approved plans for the construction of a new, contemporary home on the Higham Street frontage. Planned New Dwelling: The approved plans are for a modern 3-bedroom, 2-bathroom home, designed to meet the demands of today's market, maximizing future sale or rental potential. Investor Highlights Maximize Returns: Live in one, rent both, or rent the existing and sell the new build-the options are numerous to leverage the investment. "Shovel Ready" Development: Skip the lengthy and costly permit process; you can hit the ground running with the development phase. Strategic Land Banking: Secure a large land parcel with immediate use and planned future growth. This is not just a house; it's a future-proof investment portfolio in one transaction. Seize the opportunity to secure immediate income while holding the keys to a valuable, approved development project. Inspect today and unlock the full potential of 2 McKean Street!

Features

3 bedrooms
1 bathroom
4 carspaces
1064 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Maryborough over the last 12 months, the estimated median property value of 2 McKean St is $415k.

Median value
$415k
Estimated value range
$225k - $885k
Median days on market
69
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Maryborough. 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 2 McKean St

2026
Sold
$500,000
Private Sale/Treaty on 04 Mar 2026 by Monte Reeves, of Maryborough Ballarat Real Estate
2019
Sold
$243,000
Private Sale/Treaty on 13 Feb 2019 by Luke Williams, of Ballarat Real Estate - BALLARAT

Happy sellers in Maryborough

81%
81% of sellers in Maryborough reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 42 reviews in Maryborough over the last 12 months.

Local market activity for 3 bedroom houses in Maryborough

In the last 12 months, 136 three-bedroom houses similar to 2 McKean St, have been sold.

This represents a 9% decrease in three-bedroom houses sales when compared to the previous 12 months.

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