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Overview
This unique development site at 70 Sydney Street, Albion, offers a rare opportunity in a prime location highly suited to developers and investors seeking to capitalize on Melbourne west's growing activity centre.
Located just 350 metres from the Albion train station, the site benefits from excellent public transport links, including proximity to Sunshine train station and planned rail expansions to the airport, enhancing accessibility.
Positioned within an Activity Centre Zone – Schedule 1, the land holds potential for higher density commercial or multi-level apartment development, making it an attractive option for those looking to contribute to and benefit from the area's progressive transformation.
Nearby amenities include schools, parks, Sunshine Marketplace shopping and dining precincts, as well as medical services including Sunshine Hospital, ensuring essential services and lifestyle conveniences are within easy reach of future developments.
This release represents a strategic entry into an emerging hub, ideal for entities focused on impactful urban development. Investors and developers are advised to undertake thorough due diligence to assess the site's suitability for their vision.
Local Market Insights
In Albion, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $1,473,750. The property type mix of listed properties is predominantly Houses at 60%, followed by townhouses (15%), and commercial properties (12%). Douglas Kay Real Estate was the most active agency in this area, representing 29.3% 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
Albion VIC 3020
Market Insights for Albion VIC 3020
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.
