2 Mckean StreetMaryborough VIC 3465
Property Details for 2 Mckean St, Maryborough
2 Mckean St, Maryborough is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 1064m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 3 bedroom House sold in Maryborough in the last 12 months.
Last Listing description (March 2026)
This exceptional corner allotment property in the heart of Maryborough, VIC 3465, presents a rare and highly lucrative opportunity for discerning investors and developers. Located on a substantial landholding of approximately 1064 sqm, this offering combines immediate rental income with fully approved plans for future development, ensuring an outstanding return on investment.
The Existing Asset: Immediate Rental Income
The property currently features a charming and well-maintained 3-bedroom, 1-bathroom residence.
Corner Allotment: Situated on a generous corner block, offering excellent street appeal and dual access potential.
Solid Rental Potential: Currently leased, providing an income stream from day one while you plan and execute the next phase of development.
Highly Desirable Location: Positioned conveniently in Maryborough, appealing to a wide range of prospective tenants.
The Development Upside: Fully Approved Permits
What truly sets this property apart is the ready-to-go development opportunity with permits already secured, saving you crucial time and expense.
Approved Subdivision: Permits are in place for the subdivision of the corner block.
Construction Ready: Includes approved plans for the construction of a new, contemporary home on the Higham Street frontage.
Planned New Dwelling: The approved plans are for a modern 3-bedroom, 2-bathroom home, designed to meet the demands of today's market, maximizing future sale or rental potential.
Investor Highlights
Maximize Returns: Live in one, rent both, or rent the existing and sell the new build-the options are numerous to leverage the investment.
"Shovel Ready" Development: Skip the lengthy and costly permit process; you can hit the ground running with the development phase.
Strategic Land Banking: Secure a large land parcel with immediate use and planned future growth.
This is not just a house; it's a future-proof investment portfolio in one transaction. Seize the opportunity to secure immediate income while holding the keys to a valuable, approved development project.
Inspect today and unlock the full potential of 2 McKean Street!
Property History for 2 Mckean St, Maryborough, VIC 3465
- 28 Jan 2026Sold for $500,000
- 16 Dec 2025Listed for Sale $499,000 - $515,000
- 14 May 2019Listed for Rent $280 / week
Recent sales nearby
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0About Maryborough 3465
The size of Maryborough is approximately 48.0 square kilometres. It has 16 parks covering nearly 40.0% of total area. The population of Maryborough in 2016 was 7921 people. By 2021 the population was 8160 showing a population growth of 3.0% in the area during that time. The predominant age group in Maryborough is 70-79 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a labourer occupation.In 2021, 67.40% of the homes in Maryborough were owner-occupied compared with 66.60% in 2016.
Maryborough has 5,458 properties. Over the last 5 years, Houses in Maryborough have seen a 38.58% increase in median value, while Units have seen a 29.22% increase. As at 31 March 2026:
- The median value for Houses in Maryborough is $383,563 while the median value for Units is $340,445.
- Houses have a median rent of $390 while Units have a median rent of $320.
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