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Overview
Offering a substantial development opportunity, this property encompasses a generous 1,208 square metre block situated in Croydon's sought-after General Residential Zone 1, presenting exciting potential for builders and developers. The existing four-bedroom residence is in original condition, providing a blank canvas to unlock value through redevelopment.
Architectural plans propose a vision for four thoughtfully designed townhouses subject to council approval, aligning with the site's zoning and enhancing the suburb's leafy lifestyle appeal. The location offers a balance of privacy and convenience, nestled within a vibrant community close to local shops, cafes, and transport links.
This site particularly appeals to developers looking for a prime site in a well-connected area, as well as families or investors seeking to capitalize on future growth opportunities. Proximity to multiple primary and secondary schools adds to the attractiveness of the location for family living and investment potential.
- Large block size ideal for townhouse development (STCA)
- Existing four-bedroom home ready for revitalization or redevelopment
- Located in a desirable pocket of Croydon with established amenities
- Close to schools, shopping, cafes, and public transport
- Excellent opportunity to create or secure multiple residences in a prime GRZ1 area
Overall, this property presents a rare chance to engage in a sizable residential development within a stable and thriving community, supporting a wide audience from experienced developers to growth-focused investors.
Local Market Insights
In Croydon, Quiet Listings observed 46 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $1,039,239. The property type mix of listed properties is predominantly Houses at 54%, followed by units (16%), and townhouses (15%). Jellis Craig was the most active agency in this area, representing 39.8% 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
Croydon VIC 3136
Market Insights for Croydon VIC 3136
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.
