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Overview
Positioned in the bustling heart of Wallan and just 40 kilometres from Melbourne’s CBD, this property uniquely melds lifestyle comfort with significant development potential. Nestled within the King Queen Street Development Overlay and an approved Precinct Structure Plan, the 4,154 sqm site offers rare advantages for investors and developers alike.
The established residence features a thoughtfully updated three-bedroom home, presently leased, providing stable income while showcasing family-oriented living. Adjacent to the home is a large shed requiring renovation, presenting an additional opportunity to diversify income streams once refurbished. Adding to the site’s allure is the dual-side access, enhancing versatility and facilitating potential subdivision, pending council approval.
For those seeking convenience, the location is highly accessible; residents enjoy easy walking distance to major retailers such as Aldi, Coles, and Woolworths, alongside essential services including medical practices and popular eateries. Wallan’s reputation as a rapidly growing outer suburb only strengthens this property's investment outlook.
This offering will attract a range of buyers, including lifestyle purchasers desiring space and proximity to amenities, or astute investors and developers looking for a promising asset with approved plans for eight SDA villa units. The blend of existing habitation plus expansion prospects creates a compelling package in a vibrant growth corridor.
Local Market Insights
In Wallan, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $915,886. The property type mix of listed properties is predominantly Land at 54%, followed by houses (39%), and units (3%). Wilson Partners was the most active agency in this area, representing 20.5% 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
Wallan VIC 3756
Market Insights for Wallan VIC 3756
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