Developer Satterley close to release of first land lots at Mickleham

Satterley Property Group has announced that the first land release for its upcoming residential development in Melbourne’s northern suburb of Mickleham would be on September 12.

Located at 2090 Mickleham Road, Botanical is expected to offer a mix of houses and medium-density residential and a town centre. The land is expected to allow for 2,300 lots.

Stage 1 land prices are expected to start from $170,000.

In mid-2016, Satterley Property Group had bought 214 hectares of land in Mickleham in a deal believed to be worth $100 million.

The development has more than 30 hectares of planned open spaces, with a 22-hectare Botanical Park featuring wetlands, playground and gardens, including cycling trails.

The developer says the project will be close to schools, shopping and communal facilities, and is connected to the Hume Freeway via Mickleham Road. 

Founder Nigel Satterley had said earlier that the Mickleham project is Satterley’s fourth residential estate in Melbourne’s northern suburbs.

"It joins Riverstone in Doreen and Coburg Hill in Coburg North, both of which are close to trading out. True North (formally Arena) in Greenvale has been selling strongly since it was acquired from Peet Limited in 2015," he said.