Exceptional 976sqm Landholding with Outstanding Development Potential

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61 Melrose Street, Mont Albert North VIC 3129

$1,650,000 - $1,750,000

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$1.65M - $1.73M Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 2 Baths 2 Cars 976 m²

Listed: 20th Jul 2026

Updated: 8 days ago

Overview

Set on a substantial 976 square meters of land, this property offers a rare opportunity for buyers eager to invest in a prestigious suburb close to essential amenities. The existing six-bedroom weatherboard home occupies this impressive allotment, providing versatile options ranging from renovation and expansion to a comprehensive redevelopment subject to approvals.

The sizeable land parcel presents notable development potential, appealing particularly to those with a vision for creating a bespoke luxury residence or exploring multi-dwelling configurations in an established neighborhood. The property's proximity to highly regarded schools such as Mont Albert Primary and Koonung Secondary ensures an attractive proposition for families prioritizing education convenience.

Accessibility to Box Hill Central’s vibrant shopping and dining precinct, Westfield Doncaster, and key transport routes including the M3 Eastern Freeway delivers a balanced lifestyle of comfort and connectivity. This combination of location advantages and development scope underlines a promising long-term investment within a sought-after area.

Expansive land size ideal for redevelopment or significant enhancements
Flexible use options suitable for families, investors, or developers
Convenient access to reputable schools and transport networks
Close to major retail and medical facilities supporting everyday needs

Local Market Insights

In Mont Albert North, Quiet Listings observed 12 new houses entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $1,716,667. The property type mix of listed properties is predominantly Houses at 55%, followed by townhouses (27%), and units (9%). The most active agency for houses in the Mont Albert North area is currently Jellis Craig, representing 67% of new listings. 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.