12 Storey Street, North Wonthaggi$392,500
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For Saleland

12 Storey Street

North Wonthaggi, VIC 3995, Australia
$375,000 – $410,000
979 m²

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About this property

Opportunities of this scale are becoming increasingly scarce in established North Wonthaggi particularly when they're positioned on the edge of meaningful future growth. 979m² of land with a prized north-facing rear aspect, this is a site that offers both immediate development potential and long-term strategic upside. The proportions and orientation comfortably support the construction of three quality units (STCA), making it an exceptional prospect for builders and developers seeking a well-located, high-yield project. Adding further weight to the opportunity is its proximity to the future Wonthaggi North-East Precinct placing you ahead of the curve as the area continues to expand and infrastructure evolves. Securing a substantial parcel within an established streetscape, while benefiting from nearby large-scale growth, is a rare and powerful combination. Just as importantly, the flexibility here is genuine. With no restrictive covenants, you're free to maximise the site's full potential whether that's a thoughtfully designed multi-unit development or a substantial bespoke residence that capitalises on the block's size, orientation, and established surrounds. Imagine building without compromise generous living zones, seamless indooroutdoor integration, shedding, landscaped gardens, and ample vehicle storage all positioned to capture beautiful northern light. Key highlights: 979m² allotment North-facing rear orientation Potential for three units (STCA) No covenants restricting development Positioned near future North Wonthaggi growth All services available Titled and ready to build Located moments from local cafés, schools, and the recreational reserve, the setting delivers everyday convenience alongside strong long-term appeal. Secure the land. Anticipate the growth. Build with confidence. Disclaimer: Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website. Due Diligence Checklist https://www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
land
Listing Type
For Sale
Land Area
979 m²
Listed
3 months ago

Repayment calculator

$1,903/month
$951 /fortnight
Loan $314,000 at 6.10% over 30 years

Upfront costs

Deposit$78,500
Stamp duty$18,620
Conveyancing (est.)$2,000
Total upfront$99,120
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in North Wonthaggi

This land in North Wonthaggi, VIC 3995 sits within reach of public transport, local shops local amenities. It is listed 35% below the $605,000 median of 59 comparable landswithin 5 km.

What's nearby

  • Storey St/Korumburra Rd (bus)137 m away
  • BFC Storage885 m away
  • Unnamed395 m away
  • Jacobs Park438 m away
  • Rodney Court Reserve624 m away

North Wonthaggi at a glance

Full suburb profile
Population
3,475
Median age
42
Household income
$1,162/wk
Median rent
$300/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

North Wonthaggi price trend

Median sold · House 3 bed

Compound growth -3.5% / yr over 4 yrs

$517kcurrent median

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Price history

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