Land at 35 Hams Rd, Waurn Ponds, is rezoned and has a planning permit for a residential development.
Waurn Ponds farmland rezoned for a residential development following a protracted planning battle with objectors has been listed for sale.
The 9.4ha property at 35 Hams Road forms part of a larger tract of land bound by existing housing, the Geelong to Warrnambool train line, Baanip Boulevard and the Geelong Road Road and Anglesea Road interchange.
Geelong’s council agreed to rezone the land from farming to residential and approved planning permits to build 214 new house lots over the combined properties.
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Maxwell Collins, Geelong agent Nick Lord said price expectations for the property was around $4.4 million to $4.8 million.
“A developer will look at their costs and see what they can realise from the site and therefore be happy to pay,” he said.
“But we expect there to be some healthy competition.”
Land at 35 Hams Rd, Waurn Ponds, is rezoned and has a planning permit for a residential development.
Mr Lord said the land makes up the eastern component of the development site and holds a planning permit for about 80 house lots.
“There is other ownership next door and they’re still holding their land but they went through the rezone together,” he said.
“The site is well positioned, close to the Waurn Ponds shopping centre and a really good in-fill site for residential development and is now only walking distance to Waurn Ponds train station.”
Waurn Ponds Train Station is a draw for many buyers to the southern suburbs.
Mr Lord said interest for the property has already emerged locally, from Melbourne and interstate.
Offers close September 24.
“A site like this is well positioned for that middle-sized developer with the size of the lots,” he said.
“It’s fairly unique. A lot of land that sells in Geelong is land banking that might be three to 10 years away from development, whereas this site is ready to go.”
Deakin University’s main Waurn Ponds Campus is off Pigdons Road.
The State Government signed off on the rezoning in July.
Geelong’s council agreed to changes to the proposal, including 850sq m minimum lot sizes facing Hams Rd, with no block smaller than 400sq m throughout the development.
Councillors approved the development in March, following support from a planning panel, appointed by state’s planning minister to consider submissions, including 159 objections.
Council officers rejected objector claims the initial development, which had a larger mix of medium-density lots, had the potential to create an enclosed “ghetto”.
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