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Overview
Set in a highly convenient and sought-after part of Westmeadows, this property offers a unique blend of immediate livability and significant future potential. Anchored on a sizeable 795 square metre allotment, the home is ideal for those looking to invest, develop, or secure prime land banking opportunities.
The residence currently includes three spacious bedrooms and a well-designed layout featuring ample living areas and a functional kitchen and bathroom. This practical configuration supports comfortable day-to-day living or rental income generation while contemplating the property's promising redevelopment options.
A key highlight of this property is its exceptional potential for subdivision or multi-dwelling development subject to council approval. The rare opportunity of possessing multiple street frontages enhances its flexibility and value, making it a standout for developers or astute investors targeting the growing Melbourne growth corridor.
Beyond the property, the location facilitates an enviable lifestyle with proximity to shopping centres such as Westmeadows Village and Broadmeadows Central, as well as schools, childcare, public transport, recreational parks, and major transport links including Melbourne Airport and arterial roads. This accessibility further reinforces the property’s attractiveness for diverse buyers planning to renovate, invest, or undertake development.
- Expansive 795m² block with significant subdivision prospects (STCA).
- Multiple street frontage potential enhancing development opportunities.
- Comfortable three-bedroom home offering light-filled living spaces.
- Generous backyard suited for outdoor entertaining and family enjoyment.
- Strategic location near essential amenities and major roads for effortless connectivity.
Overall, 29 Turner Street represents a rare proposition in Westmeadows with its combination of a livable home, substantial land size, and compelling redevelopment possibilities, catering particularly well to investors, developers, and families interested in a property positioned within an established growth hub.
Local Market Insights
In Westmeadows, Quiet Listings observed 13 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $956,154. The property type mix of listed properties is predominantly Houses at 74%, followed by land (11%), and units (5%). Ray White was the most active agency in this area, representing 30.8% 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
Westmeadows VIC 3049
Market Insights for Westmeadows VIC 3049
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