21 Timor Parade, Heidelberg West VIC 3081

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21 Timor Parade, Heidelberg West VIC 3081

$790,000

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$790k - $830k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 4 Cars 570 m²

Listed: 24th Jul 2026

Updated: 16th Aug 2026

Overview

This property provides a rare opportunity to secure a corner block of 570sqm located in the growing suburb of Heidelberg West, Melbourne. Zoned GRZ1, the land's dual street frontages create strong potential for multi-unit development (subject to council approval), making it attractive to developers and renovators.

The existing residence is a renovated three-bedroom home, move-in ready, and offers the option to lease for immediate rental income. This combination of a ready home with development potential ensures long-term capital growth and the possibility to extend or upgrade in the future.

Its location enhances lifestyle and investment appeal: a short walk to Northland Shopping Centre for convenient retail, dining and services; proximity to Austin and Mercy Hospitals as well as La Trobe University, which makes it suitable for families and professionals alike. The area is also well served by quality schools, parklands and public transport, supporting both lifestyle and rental demands.

Overall, this property is ideal for buyers looking for an entry into an in-demand growth corridor with versatility—be it as a home for immediate occupation, an investment with rental returns, or a site for development potential. The corner position and zoning provide unique advantages in a tightly held, expanding community.

Local Market Insights

In Heidelberg West, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,008,867. The property type mix of listed properties is predominantly Houses at 58%, followed by townhouses (27%), and units (8%). The most active agency for houses in the Heidelberg West area is currently Nelson Alexander, representing 40% of new listings, followed by Miles Real Estate with 13%. 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.