36 Law Street, Heidelberg Heights VIC 3081

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36 Law Street, Heidelberg Heights VIC 3081

Asking $839,000

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$839k - $881k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 578 m²

Listed: 24th Jul 2026

Updated: 47 days ago

Overview

This property at 36 Law Street, Heidelberg Heights, offers a compelling corner development opportunity that marries strong immediate rental returns with significant long-term potential. Set on a substantial corner allotment of about 578 square meters, the site stands out with generous dimensions approximately 15.6m by 37.2m. This expansive land size presents a valuable canvas that is currently suited to a versatile layout, allowing for potential redevelopment into a premium three-townhouse project subject to council approval (STCA).

The existing three-bedroom home provides a consistent income stream of around $500 per week, serving as an excellent holding asset for investors or land bankers who want to secure a strategic foothold in this fast-evolving inner northern precinct. The current rental return is particularly attractive while planning and permit endeavours are underway for future development, balancing cash flow and capital growth prospects.

Location is a significant advantage here, with proximity to key amenities such as Northland Shopping Centre, La Trobe University, Austin Hospital, educational institutions, recreational parklands, and public transport connectivity. This convenient positioning enhances the property’s appeal to a variety of buyers, including developers, investors targeting yield and growth, as well as those looking for a strategic development site in a highly sought-after growth area.

Generous corner allotment size and shape facilitating multiple dwelling development (STCA).
Three-bedroom residence offering steady rental income suitable for investors.
Close to major shopping, education, health, and transport hubs, supporting lifestyle and convenience needs.
Strong future capital appreciation potential given the precinct's ongoing evolution.

This listing is well suited to developers, investors with a medium to long-term horizon, and those looking to capitalize on the growth momentum in Heidelberg Heights. Its combination of land size, location, and existing functional asset makes it a rare and attractive proposition.

Local Market Insights

In Heidelberg Heights, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $1,023,867. The property type mix of listed properties is predominantly Houses at 56%, followed by townhouses (30%), and units (7%). The most active agency for houses in the Heidelberg Heights area is currently Nelson Alexander, representing 33% 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.