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5 Bruce Court, Gisborne$1.50m
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5 Bruce Court

Gisborne, VIC 3437, Australia
$1.50m
3 bed 2 bath 1 car1888 m²

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About this property

Developers and investors take noteyour next project is here, fully prepared and ready to begin. All the hard work has already been taken care of, with stamped plans and permits in place for the construction of 5 ultra-modern, stylishly designed 3-bedroom townhouses. Situated in a quiet court location within walking distance to Gisborne's town centre, this impressive half-acre (approx.) allotment offers an outstanding opportunity to step straight into a development with minimal obstacles and maximum potential. The thoughtful design of the development balances modern living with neighbourhood amenity. Two of the proposed residences are double-storey homes, each featuring 3 bedrooms, 2 bathrooms, a dedicated home office, 2 separate living areas and a double integrated garage. The remaining 3 homes are cleverly designed single-storey residences, offering 3 bedrooms, 2 bathrooms, a spacious open-plan living area and a single integrated garage, perfectly catering to a wide buyer demographic. With interest rates falling and buyer demand on the rise, now is the ideal time to capitalise on this exceptional opportunity. All planning and building permits are approved, allowing you to bypass the costly and time-consuming hurdles that often delay projects of this scale. Ideally positioned in an established residential area, the site benefits from close proximity to local schools, shops, cafés, public transport and the Calder Freeway, ensuring strong market appeal for future buyers or tenants. This is a rare chance to take advantage of a well-prepared development site in the strengthening Macedon Ranges property marketready to be transformed into a modern lifestyle community.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
1
Land Area
1888 m²
Listed
3 months ago

Repayment calculator

$7,272/month
$3,636 /fortnight
Loan $1,200,000 at 6.10% over 30 years

Upfront costs

Deposit$300,000
Stamp duty$82,500
Conveyancing (est.)$2,000
Total upfront$384,500
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 Gisborne

This 3-bedroom house in Gisborne, VIC 3437 sits within reach of public transport, local shops and nearby schools. It is listed 86% above the $807,900 median of 86 comparable houseswithin 5 km.

Schools near Gisborne

  • Gisborne Primary Schoolprimary · Prep-6 · CoEd
  • St Brigid's Schoolprimary · Prep-6 · CoEd
  • Willowbank Primary Schoolprimary · Prep-6 · CoEd
  • Gisborne Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Unnamed (bus)705 m away
  • Danny's Barber Shop679 m away
  • Greenhills Estate Reserve176 m away
  • U. L. Daly Nature Reserve726 m away
  • Willowbank Estate Reserve979 m away

Gisborne at a glance

Full suburb profile
Population
10,142
Median age
39
Household income
$2,294/wk
Median rent
$423/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Gisborne price trend

Median sold · House 3 bed

Compound growth -2.0% / yr over 4 yrs

$765kcurrent median

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Price history

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1 price change recorded for this property

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