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2/38 Melbourne Road, Yea$985,000

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2/38 Melbourne Road

Yea, VIC 3717, Australia

$985,000

1.25 ha

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Listing description

About this property

A rare parcel of land awaits on the edge of town with two road frontages, the vacant land has enormous subdivision potential (STCA). The is 12,542 Sqm approx is zoned General Residential Schedule 1. Ideal for land development, multiple units or potentially a retirement village of nature subject to council and responsible authorities approval. Walking distance to the main street and local schools, make this your next project.

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 1.25 ha
Listed: 3 months ago

Repayment calculator

$4,775/month

$2,388 /fortnight

Loan $788,000 at 6.10% over 30 years

Upfront costs

Deposit$197,000

Stamp duty$54,175

Conveyancing (est.)$2,000

Total upfront$253,175

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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 Yea

This land in Yea, VIC 3717 sits within reach of public transport, local shops and nearby schools. It is listed 35% above the $730,000 median of 62 comparable landswithin 5 km.

Schools near Yea

Yea Primary Schoolprimary · Prep-6 · CoEd
Yea High Schoolsecondary · 7-12 · CoEd

What's nearby

Yea (bus) — 851 m away
Unnamed — 683 m away
Apex Park — 551 m away
Unnamed — 711 m away
Unnamed — 1.0 km away

Yea at a glance

Full suburb profile

Population: 1,789
Median age: 56
Household income: $1,046/wk
Median rent: $300/wk
Median mortgage: $1,408/mo

Source: ABS Census.

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