23 VICTORIA CRESCENT, St Albans VIC 3021

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23 Victoria Crescent, St Albans VIC 3021

$1,490,000

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$1.49M - $1.56M Transparent Transparent Listing Based on an openly advertised listing price.

Land 809 m²

Listed: 30th Jun 2026

Updated: 4th Aug 2026

Overview

Positioned perfectly in the vibrant heart of St Albans, this prime land parcel of approximately 809 square meters represents a significant opportunity for developers and commercial investors. Ideally located among established health professionals, the site benefits from approved, permit-ready planning and building permits for a high-yield mixed-use development.

The approved development plans outline a sophisticated design featuring three separate units alongside a commercial clinic, complemented by a dedicated caretaker's residence. This offers potential buyers the flexibility to maximize returns through a mix of residential and commercial uses, capitalizing on the highly sought-after Commercial 1 Zone (C1Z) overlay. St Albans is recognized as one of Melbourne's fastest-growing western corridors, making this an exceptional investment prospect.

Key location highlights all within easy walking distance include:

St Albans Train Station Complex & Bus Depot – providing excellent public transport connectivity.
Alfrieda Street Restaurants and Retail Shopping Strip – a thriving local amenity hub.
Victoria University Campus – a major educational institution adding to local demand.
The esteemed St Albans Secondary School – contributing to the area’s family appeal.

This property represents an outstanding chance to acquire land with immediate development potential supported by approved plans. Detailed engineering documents and full architectural plans are available to assist serious buyers with due diligence.

Prospective purchasers are encouraged to conduct their own enquiries to confirm property details and suitability. This land allotment stands as a rare find in a growth corridor with established infrastructure and amenity, primed for a successful mixed-use development project.

Local Market Insights

In St Albans, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, unchanged from 2 in the prior period, with an average advertised asking price of $580,000. The property type mix of listed properties is predominantly Houses at 69%, followed by units (15%), and townhouses (8%). The most active agency for land in the St Albans area is currently Your Property Agent, representing 50% of new listings, followed by Raine & Horne with 50%. 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.