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Overview
This property at 23 Leonard Avenue, Noble Park offers a solid investment or family home opportunity with 4 bedrooms, a bathroom, and parking for 2 vehicles, all on a generous 935 sqm parcel of land. The substantial land size presents an ideal canvas for future development or enhancement, catering well to those seeking space and versatility.
Located within close proximity to the train station—just 350 to 450 meters away—the position allows for excellent connectivity and access to local shops, supporting a convenient lifestyle with urban amenities nearby.
While the house itself offers practical living space, the standout appeal lies in the land's development potential. The permit has recently been renewed for two years, providing peace of mind to investors and developers. Furthermore, changes in local regulations create a timely chance to capitalise on stamp duty savings, enhancing the property's attractiveness as an off-the-plan investment.
- Expansive, flat land simplifies construction and future development possibilities.
- Close proximity to public transport and local amenities makes commuting and daily errands easy.
- Recent permit renewal secures readiness for development projects.
- Potential rezoning could allow for higher-density developments, including multi-story apartment buildings, offering strong resale prospects.
This opportunity suits investors and developers positioned to benefit from the evolving local market, as well as buyers seeking a substantial property footprint for family use or future improvements.
Local Market Insights
In Noble Park, Quiet Listings observed 21 new houses entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $882,190. The property type mix of listed properties is predominantly Townhouses at 42%, followed by houses (32%), and units (23%). Area Specialist was the most active agency in this area, representing 50.8% 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
Noble Park VIC 3174
Market Insights for Noble Park VIC 3174
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.
