59 Reid StreetSouth Morang VIC 3752
Property Details for 59 Reid St, South Morang
59 Reid St, South Morang is a 4 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 2300m2. While the property is not currently for sale or for rent, it was last sold in September 2024.
Last Listing description (June 2025)
For the first time in over 50 years, this rare gem is now on the market. Nestled on an impressive 2300 sqm (approx.) block, this 4-bedroom, 1-bathroom full brick home is immaculately maintained, offering immediate livability. However, the standout feature of this property is the incredible development potential it presents (STCA).
With such a substantial parcel of land, the possibilities are truly limitless. Developers, investors, and visionaries will relish the opportunity to subdivide and create a multi-unit development (STCA) or build a childcare centre, aged care facility, or even a medical centre catering to the needs of the growing community. Alternatively, this site is perfectly suited for an educational facility, such as a private tuition centre, kindergarten, or specialised learning hub. Its strategic location, near South Morang Shops, Axis Shopping Precinct, bus transport, and popular schools, adds to its appeal. Additionally, it's just a short drive to Westfield Shopping Centre and the Middle Gorge and South Morang train stations, ensuring easy access for future residents, clients, or students.
Large development sites like this rarely come to market, making this a once-in-a-generation opportunity with immense potential for long-term gain. Whether you're envisioning a boutique residential development, a community-focused project, or a medical or educational facility, this property offers the perfect canvas for realising your vision (STCA).
Don't miss this unparalleled opportunity to invest in the future and unlock the full potential of this landmark property. Private inspections welcome.
Property History for 59 Reid St, South Morang, VIC 3752
- 30 Sep 2024Sold for $1,600,000
- 06 Sep 2024Listed for Sale Expressions of Interest close 30 Sep 5pm
Recent sales nearby
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0About South Morang 3752
The size of South Morang is approximately 21.0 square kilometres. It has 70 parks covering nearly 37.1% of total area. The population of South Morang in 2016 was 24060 people. By 2021 the population was 24989 showing a population growth of 3.9% in the area during that time. The predominant age group in South Morang is 40-49 years. Households in South Morang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Morang work in a professional occupation.In 2021, 76.00% of the homes in South Morang were owner-occupied compared with 76.90% in 2016.
South Morang has 11,337 properties. Over the last 5 years, Houses in South Morang have seen a 21.36% increase in median value, while Units have seen a 38.05% increase. As at 30 April 2026:
- The median value for Houses in South Morang is $881,949 while the median value for Units is $597,457.
- Houses have a median rent of $570 while Units have a median rent of $520.
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