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Overview
Located in the prestigious suburb of Brighton, this substantial property represents a unique development opportunity. Situated on approximately 996 square meters of land within the Housing Choice & Transport Zone - Schedule 1, it offers potential for development of up to four levels, subject to council approval.
The existing residence is a comfortable four-bedroom home with multiple living areas and generous outdoor spaces, making it well-suited as a holding income property while development options are explored. The scale and flexibility of the allotment present a rare chance to realize a wide range of property projects, from creating a landmark family home to premium multi-dwelling developments, contingent on approvals.
Beyond the property itself, the location offers exceptional lifestyle advantages. The home is moments from Bay Street's bustling cafés, restaurants, and boutique shopping, as well as Brighton Beach, elite private schools, North Brighton Station, and numerous parks. This combination of prime location and significant lot size secures long-term value and lifestyle benefits for future owners or developers.
This parcel is increasingly hard to find in central Brighton, making it an outstanding acquisition for those looking to invest in a blue-chip address with considerable scope for future growth.
Local Market Insights
In Brighton, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 36 during the previous 30-day period, with an average advertised asking price of $3,990,714. The property type mix of listed properties is predominantly Houses at 53%, followed by apartments (16%), and townhouses (15%). The most active agency for houses in the Brighton area is currently Marshall White, representing 33% 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.
Change History
| Headline | When |
|---|---|
| For Sale | |
| For Sale: $3,950,000 - $4,345,000 |
Location
Market Insights for Brighton VIC 3186
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