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Overview
This unique real estate opportunity comprises two prime properties situated on a substantial 8,240 square meters parcel in the vibrant suburb of Beveridge. Positioned advantageously just off the Hume Freeway, the properties offer excellent access to major employment hubs including the Merrifield Business Park and are within close proximity to local amenities such as Beveridge Primary School and the upcoming Beveridge train station. The future connectivity of services from the nearby Stockland Lyra Estate subdivision, anticipated within the next three years, presents an exciting prospect for subdividing the land into approximately 39 lots, subject to council approval and standard planning consent (STCA).
The holding currently consists of three residences generating significant rental income, providing a sound revenue stream while plans for subdivision are pursued. This makes the asset ideal for developers or investors looking for lifestyle acreage with future development potential in Melbourne's North Growth Corridor. The growth corridor is projected to accommodate approximately 81,000 new homes and around 252,000 residents in the near future.
Specific components of the offering include:
- Residence 1 at 21 Kelly Street is a spacious five-bedroom home currently leased at approximately $2,607 per calendar month.
- Residence 2 is a one-bedroom unit located at the rear of 21 Kelly Street, leased for about $1,100 per calendar month.
- Residence 3 is located at 23 Kelly Street and is a substantial four-bedroom home leased for around $2,925 per calendar month.
Additional location advantages entail immediate access to the Hume Highway, a short 200-meter distance from Stockland’s Lyra Estate, and close proximity to the Federal Government’s $2.4 billion Beveridge Intermodal Freight Terminal (BIFT), a major infrastructure project expected to stimulate significant economic growth in the northern region of Victoria.
This opportunity offers the chance to acquire a considerable landholding in a tightly held growth area with both current income and robust future development possibilities. Investors or developers seeking a strategic entry into Melbourne’s expanding northern suburbs should consider this offering as a valuable addition to their portfolio.
Local Market Insights
In Beveridge, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 24 during the previous 30-day period, with an average advertised asking price of $950,020. The property type mix of listed properties is predominantly Houses at 75%, followed by land (25%). Ancora Property Group was the most active agency in this area, representing 32.4% 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
Beveridge VIC 3753
Market Insights for Beveridge VIC 3753
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