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Overview
Occupying a generous 770 square meter allotment with an impressive frontage of 18.3 meters, this property presents a unique opportunity combining immediate residential appeal with exceptional development potential in one of Altona's most desirable locations.
This site comes with approved town planning permits for the construction of six architecturally designed townhouses. The development plan includes four residences with three bedrooms each, one two-bedroom residence, and one one-bedroom residence. Designed with distinctive rooftop terraces, this innovative plan introduces a notable and fresh element to the local real estate market.
The current solid brick home on the property features three bedrooms and provides comfortable living spaces. This setup offers considerable flexibility, making it suitable for investors, developers, or land bankers while they prepare for future developments.
Positioned approximately 100 meters from Altona Train Station and close to the lively Pier Street shopping and dining precinct, future inhabitants will benefit from exceptional convenience. Amenities such as cafes, restaurants, shopping centers, schools, parklands, and Altona Beach are all easily accessible, enhancing lifestyle quality.
This offering is a rare chance to acquire a development site with permit approval in one of Melbourne's most highly sought after bayside suburbs, combining strategic location with promising potential.
- Feature: Sunroom
The property includes parking provision comprised of a garage space plus two additional off-street parking spaces, catering comfortably to multiple vehicles.
Local Market Insights
In Altona, Quiet Listings observed 8 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $1,389,375. The property type mix of listed properties is predominantly Houses at 62%, followed by townhouses (23%), and villas (8%). Ray White was the most active agency in this area, representing 46.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Altona VIC 3018
Market Insights for Altona VIC 3018
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
