Are you searching for land to buy in the Vineyard area? The suburb of Vineyard is located in the Blacktown Local Government Area, in the North West Priority Growth Area of Sydney and is approximately 50 kms northwest of the Sydney CBD. The population of Vineyard (as recorded in 2016) is 1166 people. Recent sales transactions suggest Vineyard’s median house price is $1,313,000, (recorded since October 2017) and its median weekly rent paid per rental property is $570. The latest market activity suggests current land owners are looking to capitalise on future redevelopment in the Vineyard precinct by offering their larger land holdings for sale to property developers. The lots range in size from 2000 m2 to 5 hectares and will form part of the housing density cap to meet the future needs of the estimated 7,400 residents who will call Vineyard home. Land for sale currently on the market includes a two hectare site near commercial road with an asking price of offers above $4,000,000. This represents an average asking price of $800,000 per acre or $200/m2. By comparison, recently a 4000m2 site identified for a future shopping centre was sold for $3,500,000. This represents a sales realisation of $875/m2. This demonstrates the true value of land for sale in the Vineyard precinct is very much determined by the future use and zoning of the land.
Additional highlights for those looking to purchase land or property in the Vineyard area include:
- The construction of a new village centre, supermarket, primary school and some community facilities
- Essential infrastructure upgrades to allow development to occur including water, sewerage, electricity and roads
- Major road works to help provide safe, quiet streets for residents, cycling and walking paths, and direct access to the village centre
- Over 24 hectares of land set aside for open spaces, including parks and paths around waterways, as well as places for organised sport (four sports ovals)
- The neighbourhood areas will be connected through a network of streets and public spaces along the Killarney Chain of Ponds
The draft plan considers and responds to the local landscape including views, creeks and vegetation. New homes will be located close to open space so that residents can enjoy views of local and neighbourhood parks.
Real estate and market demand suggest there is currently a high volume of people searching online every month for available real estate and land for sale in Vineyard. If you own real estate, including a house, land or a potential land development site in Vineyard, or if you are looking to find suitable land for sale in the Vineyard area, then please contact the team at Urban Greenfield today; we would be pleased to assist you with your sale or purchase of a future land development site.
