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Overview
Golden Triangle Development Opportunity with Approved Plans on Approx. 913sqm
Positioned within Cheltenham's tightly held and highly sought-after Golden Triangle precinct, this substantial landholding of approximately 913 square meters presents an exceptional opportunity for developers, investors, builders, or families seeking future upside in a blue-chip bayside location.
The property is offered with approved plans and permits for three expansive luxury townhouses or homes, combining scale, flexibility, and strong resale evidence within one of Cheltenham's most desirable residential pockets. Recent nearby sales, including the outstanding result achieved at 1A Hallinan Court that sold for $1,725,000, further reinforce the premium demand for high-end new homes within the area.
The existing solid brick residence also offers immediate functionality and flexibility, allowing buyers the option to renovate, extend, lease out, or enjoy the generous backyard while planning their next move.
Surrounded by quality homes and family amenities, the location delivers an enviable lifestyle just moments from Southland, Cheltenham Village, elite golf courses, parklands, leading schools, and transport connections, with beautiful bayside beaches only minutes away.
Key Features:
- Approximately 913 square meters of premium Golden Triangle land
- Approved plans and permits for three luxury residences
- Strong surrounding resale evidence for completed projects
- Existing solid brick home with renovation potential
- Wide appeal for developers, builders, investors, and families
- Prestigious cul-de-sac position within a blue-chip precinct
Also available nearby is 49 Follett Road, Cheltenham - another premium Golden Triangle development opportunity with approved plans, engineering, and near shovel-ready status. Vendors are open to discussing a package acquisition of both sites.
Please note that every precaution has been taken to establish the accuracy of the above information; however, it does not constitute any representation by the vendor or agent. Photo identification is required at all open inspections.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Cheltenham VIC 3192
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 251 m² |
Market Insights for Cheltenham VIC 3192
Other properties in this postcode
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