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Overview
Ideally positioned in one of Melbourne’s most prestigious residential enclaves, this substantial development site offers a unique opportunity to create a significant residential project in Malvern. Boasting a prime frontage along Toorak Road, the 1,319 square metre landholding provides a flexible General Residential Zone with Schedule 1, accommodating a variety of residential forms including apartments, townhouses, and other developments subject to council approval.
The site concept plan envisages 14 luxury apartments, reflecting the market's demand for quality housing in a highly sought-after location. Proximity to elite educational institutions such as St Kevin's College, Scotch College, and Korowa Anglican Girls’ School positions this development as a desirable choice for families and investors targeting premium schooling zones.
Residents and future occupants will also benefit from the vibrant retail amenity of Toorak Village, HomeCo Hawthorn East, and Glenferrie Road, as well as easy access to recreational spaces including Sir Robert Menzies Reserve, Gardiners Creek Trail, and Central Park. Excellent transport connectivity is ensured via Toorak Road tram services, Monash Freeway, and Tooronga Station, facilitating smooth commuting to Melbourne's CBD and surrounding suburbs.
- Prime 24-metre frontage on Toorak Road
- Generous land size supporting multi-unit residential development
- Flexible zoning conducive to apartments and townhouses (STCA)
- Close to prestigious schools enhancing family appeal
- Surrounded by premium retail and leisure amenities
- Strong public transport and freeway connections
As a development opportunity, this site is well-suited to professional developers aiming to deliver quality residential dwellings in a highly liveable and accessible location.
Local Market Insights
In Melbourne - Inner South, Quiet Listings observed 11 new parcels of land entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $2,595,455. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (19%), and townhouses (17%). The most active agency for land in the Melbourne - Inner South area is currently OBrien Real Estate, representing 27% of new listings, followed by Buxton Real Estate Group with 27%. 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: Contact The Savills Melbourne Team Today |
Location
Market Insights for Malvern VIC 3144
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