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Overview
This property offers an exceptional opportunity to reimagine and develop a substantial allotment of approximately 919 square meters, situated in the desirable suburb of Greensborough. Its generous size presents potential for multi-dwelling development, subject to council approval (STCA), making it an attractive investment for developers or those with renovation ambitions.
The location is highly advantageous, placing residents within easy access to numerous amenities and conveniences. Notably close by are Greensborough Plaza Shopping Centre, a major retail destination providing a variety of shops and services. Transport options are well catered for with the Greensborough Bypass and Grimshaw Street bus routes nearby, facilitating ease of travel throughout the region.
Educational facilities in the vicinity include Loyola College, Greensborough Primary School, Greensborough Secondary College, and St Mary’s Primary School, supporting families with children of varying school ages. Recreational amenities such as parks, gardens, gymnasiums, and sporting venues are also readily accessible, promoting an active and enjoyable lifestyle.
On this expansive site sits a charming three-bedroom weatherboard home that retains a comfortable and functional layout. The residence comprises spacious living and dining rooms designed for everyday family life. The kitchen/meals area offers practical functionality, complemented by a centrally located bathroom. Additional features include a separate laundry and toilet, ensuring convenience and efficiency within the household.
A single lock-up garage provides secure parking and extra storage space. The property is fully fenced and includes outdoor features such as a courtyard, shed, and decking, enhancing outdoor living opportunities and garden enjoyment.
This property is ideal for those looking to create value through renovation or envisioning the development of multiple dwellings in a sought-after location. Its combination of size, location, and existing home quality presents significant potential for reward, whether for personal use or investment purposes.
Local Market Insights
In Greensborough, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $1,091,802. The property type mix of listed properties is predominantly Houses at 69%, followed by townhouses (16%), and units (7%). Jellis Craig was the most active agency in this area, representing 29.6% 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
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Location
Greensborough VIC 3088
Market Insights for Greensborough VIC 3088
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