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Overview
This substantial 873 square metre corner site is perfectly positioned within a sought-after court in Ashwood, offering excellent prospects for redevelopment subject to council approval. The elevated allotment with generous dimensions and a practical layout creates a versatile canvas suitable for a townhouse or multi-dwelling project, building upon proven local multi-unit developments nearby.
Currently, the property comprises a solid 1960s brick residence with two bedrooms, an open fireplace, and a separate dining area, providing comfortable, immediately habitable accommodation or an income stream during planning and approvals. The largely unconstrained land parcel, aside from a minor rear easement, enhances development flexibility for future endeavors.
Its location benefits from close proximity to expansive parklands, Jordanville Station, and easy access to Melbourne's CBD. Premium retail and dining options are within reach at Chadstone Shopping Centre. The property lies within desirable school zones including Parkhill Primary and Ashwood High School, making it attractive for families and investors alike. This offering presents a rare combination of a blue-chip site with robust redevelopment potential, ideal for developers aiming to capitalize on the vibrant Ashwood market.
Local Market Insights
In Ashwood, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $2,004,167. The property type mix of listed properties is predominantly Houses at 62%, followed by townhouses (24%), and units (10%). Buxton Real Estate Group was the most active agency in this area, representing 40.0% 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
Ashwood VIC 3147
Market Insights for Ashwood VIC 3147
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.
