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Overview
Situated in a prime Coburg location, this expansive 1845 square metre parcel of land represents a rare opportunity for developers or investors poised to create desirable residential living spaces. The site benefits from approved engineered plans and permits for the construction of five two-storey residences, each designed with architectural flair and modern open-plan layouts.
The proposed high-end homes vary between two, three, and four bedrooms, featuring multiple bathrooms and flexible living zones to accommodate diverse family needs. Courtyards and garages, either single or double, enhance each residence’s functionality and appeal.
This meticulously prepared development site eliminates much of the initial groundwork, with engineering and working drawings completed, and it carries no council contribution fees. It is excellently positioned for accessibility to amenities, including nearby schools, shopping and dining precincts on Sydney Road and Nicholson Street, as well as recreational opportunities along Merri Creek trails and local parklands.
Ideal for seasoned developers seeking their next project or groups of owner-occupiers interested in custom-build investment options, the property’s size and permitted plans offer significant flexibility and value.
- Approved plans and permits for five prestigious dwellings
- Completed engineering and working drawings
- Large land bank of approximately 1845m²
- Prime Coburg location close to key lifestyle amenities
Prospective buyers are encouraged to consider the significant benefits of this rare offering, where much of the complex upfront preparation has been carried out, saving time and reducing usual development hurdles.
Local Market Insights
In Coburg, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $2,024,500. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (16%), and apartments (16%). Nelson Alexander was the most active agency in this area, representing 91.9% 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
Coburg VIC 3058
Market Insights for Coburg VIC 3058
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.
