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Overview
Premium Townhouse Development. Planning Permit Approved
An exceptional opportunity presents itself with this perfectly shaped allotment, flat and highly regular in form, offering outstanding design efficiency and significant development potential. The site benefits from an ideal south-facing frontage, ensuring that the future rear courtyards and private open spaces of all proposed dwellings enjoy a desirable north-facing aspect. This orientation maximizes natural light and enhances liveability, a key feature highly sought after by end purchasers.
Recent Federal Government initiatives have increasingly focused on encouraging the delivery of new housing stock, placing greater emphasis on newly constructed dwellings over established homes. By developing the approved townhouse project, purchasers will be creating brand-new residences that may benefit from incentives available to new housing, potentially enhancing buyer demand, investment appeal, and future marketability.
The property currently includes a three-bedroom, one-bathroom family home. The existing dwelling is in a condition where minor tender loving care would allow it to be comfortably leased while development plans are finalized. However, the true value lies in the endorsed planning outcome being offered.
A planning permit is currently being prepared for four double-storey townhouses, comprising:
- Townhouse 1: 4 bedrooms, 2 bathrooms, single garage plus additional off-street car space
- Townhouse 2: 4 bedrooms, 2 bathrooms, single garage
- Townhouse 3: 4 bedrooms, 3 bathrooms, single garage
- Townhouse 4: 3 bedrooms, 2 bathrooms, single garage
The design has been carefully considered to maximize site yield while maintaining strong architectural appeal and functional living. Importantly, the configuration remains flexible, with the ability to revise layouts, such as converting select 4-bedroom designs into 3-bedroom, dual-living configurations, to better suit preferred product mixes.
Key terms include a long settlement period of five months, with the contract conditional upon the vendor delivering an approved planning permit from Greater Dandenong City Council at settlement. If the permit is not approved by settlement, there is no obligation to proceed. Early purchasers may have the opportunity to influence and refine internal layouts prior to final approval, subject to the planning process.
An information pack has been prepared outlining proposed floor plans, building design, contract of sale overview, preliminary feasibility, and cost analysis of the site, which includes an 823 square meter allotment. This provides purchasers with a clear understanding of both the design intent and development framework, offering greater confidence in the project's structure and potential.
The opportunity to acquire this site is rare, combining flat topography, highly efficient shape, strong orientation, and flexible planning outcome. It represents a premium multi-dwelling project in a tightly held location. Such opportunities, combining design efficiency, development scale, and the ability to create highly desirable new housing stock, are seldom available in the current market.
Enquire now to review the information pack and secure your position in this standout development opportunity.
Disclaimer: Every attempt has been made to ensure the accuracy of the information provided. Prospective purchasers are encouraged to make their own assessment during an inspection. Measurements provided of the land and/or property may not be 100% accurate. It is advised to conduct your own measurements or engage a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.
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.
Change History
| Headline | When |
|---|---|
| Sat 11 Jul At 12:30pm | |
| $1,050,000 - $1,150,000 |
Location
Noble Park VIC 3174
Market Insights for Noble Park VIC 3174
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