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Lot 37 & 38/River Heights Estate, Merbein$875,000

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Lot 37 & 38/River Heights Estate

Merbein, VIC 3505, Australia

$875,000

2956 m²

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About this property

Opposite Premium School Location - Ready to Deliver A rare opportunity to secure a fully approved childcare development site positioned directly opposite Merbein P-10 College, servicing a substantial and established family catchment. With planning permit secured and council-endorsed plans in place, this offering significantly reduces development timeframe and approval risk - allowing operators and developers to fast-track delivery. Investment & Development Highlights Planning Permit Approved - 109 Childcare Places Council-endorsed architectural, landscaping and drainage plans Located within General Residential Zone 1 (GRZ1) Directly opposite a 650+ student primary and secondary college Approx. 2956m² landholding 23 on-site car spaces Efficient front-door drop-off / pick-up configuration Acoustic report completed Quantity Surveyor Bill of Quantities available upon request

Property Details

Property Type: land
Listing Type: For Sale
Land Area: 2956 m²
Listed: 3 months ago

Repayment calculator

$4,242/month

$2,121 /fortnight

Loan $700,000 at 6.10% over 30 years

Upfront costs

Deposit$175,000

Stamp duty$47,570

Conveyancing (est.)$2,000

Total upfront$224,570

Verify with VIC revenue office →

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Neighbourhood

Living in Merbein

This land in Merbein, VIC 3505 sits within reach of public transport, local shops and nearby schools. It is listed 150% above the $350,000 median of 58 comparable landswithin 5 km.

Schools near Merbein

Merbein P-10 Collegecombined · Prep-10 · CoEd
Our Lady of the Sacred Heart Schoolprimary · Prep-6 · CoEd

What's nearby

Merbein Post Office (bus) — 226 m away
Tasty Takeaways — 113 m away
Apex Civic Park — 55 m away
Bildstien Park — 217 m away
O’Bryan Street Playground — 434 m away

Merbein at a glance

Full suburb profile

Population: 2,770
Median age: 44
Household income: $1,147/wk
Median rent: $210/wk
Median mortgage: $1,025/mo

Source: ABS Census.

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