Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This rare and significant property offering consists of a generous combined landholding of approximately 1,403 square meters, spanning two titles. It represents an exceptional opportunity located in one of the most tightly held and rapidly evolving pockets of Bellfield. The site features two existing dwellings, making it ideal for developers, investors, or buyers interested in land banking and capitalizing on anticipated growth.
The property offers considerable flexibility, whether your objective is to pursue a multi-unit development (subject to council approval), renovate the existing homes, or secure a substantial parcel of land in a sought-after, high-demand location. Opportunities of this scale and stature are increasingly rare, especially given the proximity to well-established lifestyle amenities and key infrastructure.
Situated on the fringe of the premium suburb of Ivanhoe, the property benefits from excellent value combined with strong growth potential. Conveniently located just moments away from the vibrant Upper Heidelberg Road shopping precinct and Ivanhoe Village, residents will enjoy access to a diverse selection of cafés, restaurants, supermarkets, and essential services.
The location is further enhanced by its close proximity to Ford Park along with local parklands and walking trails, providing an attractive and lifestyle-oriented environment for future residents. The property also boasts excellent access to notable institutions such as La Trobe University, Austin Hospital, Mercy Hospital for Women, and various reputable schooling options. This accessibility makes the location appealing to both owner-occupiers and tenants.
Connectivity to the Melbourne CBD is facilitated via nearby train stations, bus services, and major arterial roads including Bell Street and the Eastern Freeway, reinforcing the location’s appeal to a broad base of buyers. Importantly, Bellfield itself is a suburb on the rise, with forecasts projecting growth of approximately 38.2% over the next seven years, underscoring the long-term investment potential and upside of this exclusive offering.
With its combination of scale, versatility, and a highly desirable position within a prominent growth corridor, this property presents a rare and valuable opportunity that is not often available to the market.
Local Market Insights
In Bellfield, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $1,035,444. The property type mix of listed properties is predominantly Houses at 58%, followed by townhouses (21%), and apartments (12%). Nelson Alexander was the most active agency in this area, representing 31.2% 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.
Change History
| Headline | When |
|---|---|
| Buy One Or Buy Both - $975,000 - $1,070,000 | |
| Present Your Offer: $1,950,000 - $2,100,000 | |
| Present Your Offer: $2,075,000 - $2,285,000 |
Location
Bellfield VIC 3081
Market Insights for Bellfield VIC 3081
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.
