20 Donax RoadCorio VIC 3214
Property Details for 20 Donax Rd, Corio
Last Listing description (April 2025)
20 Donax Road presents a rare and lucrative opportunity for developers and investors. This expansive block of land comes with approved permits for a 9-bedroom, 9-bathroom rooming house and the construction of 4 modern townhouses, making it an ideal site for a multi-faceted residential project. With ample space and a prime location, this property offers enormous potential for capital growth and long-term profitability.
The 9-bedroom, 9-bathroom rooming house permits allow for the creation of a shared living space that caters to a growing demand for affordable rental accommodations. The design allows for flexible living arrangements, with each room having its own en-suite bathroom, making it a highly desirable option for tenants seeking privacy and convenience. This development offers a steady rental income stream and addresses the demand for rooming houses in the area.
In addition to the rooming house, the permits also include plans for the construction of 4 stylish townhouses. These contemporary, low-maintenance homes will appeal to a variety of buyers, from young professionals to small families. Each townhouse will feature modern designs, high-quality finishes, and private outdoor spaces, offering an attractive living option in a rapidly growing neighborhood.
- Plans Permit Approved for 4 Units
- Plans Approved for 9 Bedroom Rooming House
- Close to All amenities
- Ready to Build
Property History for 20 Donax Rd, Corio, VIC 3214
- 07 Feb 2025Sold for $430,000
- 09 Jan 2025Listed for Sale $399,000 - $438,000 (4x Townhouse Approved)
- 28 Mar 2022Listed for Sale Price by Negotiation $390,000 - $429,000
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0About Corio 3214
The size of Corio is approximately 19.1 square kilometres. It has 36 parks covering nearly 8.8% of total area. The population of Corio in 2016 was 15296 people. By 2021 the population was 15497 showing a population growth of 1.3% in the area during that time. The predominant age group in Corio is 20-29 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation.In 2021, 56.50% of the homes in Corio were owner-occupied compared with 58.00% in 2016.
Corio has 8,076 properties. Over the last 5 years, Houses in Corio have seen a 41.89% increase in median value, while Units have seen a 46.09% increase. As at 30 November 2025:
- The median value for Houses in Corio is $544,866 while the median value for Units is $445,964.
- Houses have a median rent of $430 while Units have a median rent of $380.
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