Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

55 Southey Street, Elwood, VIC, 3184

+10 Photos

55 Southey Street, Elwood, VIC, 3184

Elwood

×
Sold Check
+12 Photos
55 Southey Street, Elwood, VIC, 3184

55 Southey Street, Elwood, VIC, 3184

Properties / Sold / Victoria / Elwood
Development Approved
Property Type
Residential
Land Area
694 m² (*approx)
LGA
Port Phillip City
Selling Method
EOI: Expressions of Interest closing Thursday 24 June 2021 at 2pm
Show All
Permitted Site in Exclusive Elwood
  • Site area of 694 sqm*
  • Permitted for 10 luxury apartments
  • Exclusive bayside location

Colliers are pleased to present 55 Southey Street, Elwood for sale via Expressions of Interest closing Thursday 24 June 2021 at 2pm.

Located in the exclusive bayside suburb of Elwood, approximately 7 km from Melbourne’s CBD, the site is ready to be transformed into a luxury residential development of 10 good-sized apartments set on a beautiful tree-lined suburban street; and is a leisurely walk to Elwood foreshore, local shops and public transportation.

Key features of this development opportunity are noted below:

  • Site area of 694 sqm* and 20 m* frontage to Southey Street
  • Permitted development to include a three-storey building of 10 apartments with a total NSA of 855 sqm*
  • Site improvements include a single-storey residential dwelling, currently returning $54,756 per annum
  • General Residential Zone (GRZ1) within the City of Port Phillip
  • An abundance of nearby retail, education and parklands including; Glen Huntly Rd retail strip, Glen Eira Rd retail strip, Elwood College, Elwood Primary School, Clarke Reserve and Elwood Foreshore
  • Serviced by ample public transport including Ripponlea Station and St Kilda Road/ Brighton Road/ Nepean Highway tram providing direct access to Melbourne’s CBD
  • Highly sought after bayside suburb, 7 km* from Melbourne’s CBD, with a median house price of $2,050,000**


* Denotes approx.

** Source: CoreLogic RP Data

  • Thursday 20 May:            12pm – 12:30pm
  • Thursday 3 June:              12pm – 12:30pm
  • Thursday 10 June:            12pm – 12:30pm

For further information, please contact the exclusive selling agents at Colliers.

Hamish Burgess
0421 641 497

Joe Kairouz                        
0421 430 638

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved

55 Southey Street Development Site Summary

Property Type
Residential
Land Area
694 m² (*approx)
Port Phillip City
Selling method
EOI: Expressions of Interest closing Thursday 24 June 2021 at 2pm

Development Site Highlights

Permitted Site in Exclusive Elwood
  • Site area of 694 sqm*
  • Permitted for 10 luxury apartments
  • Exclusive bayside location

Colliers are pleased to present 55 Southey Street, Elwood for sale via Expressions of Interest closing Thursday 24 June 2021 at 2pm.

Located in the exclusive bayside suburb of Elwood, approximately 7 km from Melbourne’s CBD, the site is ready to be transformed into a luxury residential development of 10 good-sized apartments set on a beautiful tree-lined suburban street; and is a leisurely walk to Elwood foreshore, local shops and public transportation.

Key features of this development opportunity are noted below:

  • Site area of 694 sqm* and 20 m* frontage to Southey Street
  • Permitted development to include a three-storey building of 10 apartments with a total NSA of 855 sqm*
  • Site improvements include a single-storey residential dwelling, currently returning $54,756 per annum
  • General Residential Zone (GRZ1) within the City of Port Phillip
  • An abundance of nearby retail, education and parklands including; Glen Huntly Rd retail strip, Glen Eira Rd retail strip, Elwood College, Elwood Primary School, Clarke Reserve and Elwood Foreshore
  • Serviced by ample public transport including Ripponlea Station and St Kilda Road/ Brighton Road/ Nepean Highway tram providing direct access to Melbourne’s CBD
  • Highly sought after bayside suburb, 7 km* from Melbourne’s CBD, with a median house price of $2,050,000**


* Denotes approx.

** Source: CoreLogic RP Data

  • Thursday 20 May:            12pm – 12:30pm
  • Thursday 3 June:              12pm – 12:30pm
  • Thursday 10 June:            12pm – 12:30pm

For further information, please contact the exclusive selling agents at Colliers.

Hamish Burgess
0421 641 497

Joe Kairouz                        
0421 430 638

Remember to mention you found this property on DevelopmentReady

Read More
Development Approved

Finance Calculator

55 Southey Street, Elwood, VIC, 3184

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 55 Southey Street, Elwood, VIC, 3184

One moment please.

Retrieving map...

Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
Colliers - Melbourne CBD
Colliers - Melbourne CBD
Ground Floor, Optus Centre 367 Collins Street, Melbourne, VIC, 3000
View Agency Profile