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Overview
This substantial landholding occupies a highly sought-after and established residential pocket within Grovedale, offering a rare opportunity for developers, investors, and land bankers to acquire a large-scale site of approximately 3,178sqm. Situated in a quiet court setting, the parcel provides a strategic foundation for a range of future projects, highlighted by an existing planning permit for a proposed subdivision into five allotments, subject to council approval.
The location enhances the appeal with proximity to essential amenities such as Waurn Ponds Shopping Centre, Deakin University, and Epworth Hospital, alongside excellent transport links including Marshall Train Station and the Surf Coast Highway. These factors deliver outstanding connectivity to Geelong’s CBD and major arterial routes, bolstering potential for residential development targeting families and professionals seeking both convenience and community.
The surrounding established residential environment fosters a neighbourly atmosphere while securing long-term value growth in a tightly held precinct. The sizeable footprint not only supports townhouse or subdivision projects but also offers flexibility for strategic planning tailored to evolving market demand. This property stands as a foundational asset for those intent on capitalising on growth corridors within a consistently performing metropolitan market.
Local Market Insights
In Grovedale, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $1,649,167. The property type mix of listed properties is predominantly Houses at 60%, followed by units (18%), and land (11%). Ray White was the most active agency in this area, representing 43.9% 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
Grovedale VIC 3216
Market Insights for Grovedale VIC 3216
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.
