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Overview
This expansive residential development opportunity at 515 Davis Road, Mount Cottrell, offers approximately 11.6 acres (around 46,941 square meters) of prime land within Melbourne's growing Western corridor. Zoned as Urban Growth Zone and located within the Oakbank Precinct Structure Plan (PSP), the site offers significant potential for subdivision, with the capacity for over 100 residential lots, subject to council approval.
Positioned opposite the existing New Haven Estate, the land is framed by established residential communities developed by leading property groups, providing a promising context for future development. The proximity to the Regional Rail Link affords convenient access to both Melbourne and Geelong CBDs, enhancing the site’s attractiveness for future residents.
The location is further complemented by proximity to key infrastructure and amenities including the forthcoming Wyndham City Stadium Precinct, major shopping centres like Riverdale Shopping Centre, quality schools, and cultural sites such as the Glen Wattle Mosque, Sikh Temple, and Hindu Temple. Approximately 30 kilometres from Melbourne CBD and 35 kilometres from Melbourne Airport, this property presents a strategic opportunity for developers targeting a region with robust growth prospects.
- Prime 11.6-acre land parcel zoned Urban Growth Zone.
- Part of the Horizon 2 Precinct overseen by the Victorian Planning Authority.
- Close connections to public transport via Tarneit train station and the proposed Davis Road Train Station.
- Access to nearby shopping, educational, and cultural amenities.
- Situated within one of Melbourne’s most dynamic growth corridors, supported by significant infrastructure projects.
This offering is best suited for visionary developers seeking a sizable tract in an area primed for substantial residential expansion. The combination of zoning, location, and planning framework presents a compelling investment in Melbourne’s evolving urban landscape.
Local Market Insights
In Mount Cottrell, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, down from 21 during the previous 30-day period, with an average advertised asking price of $4,422,667. The property type mix of listed properties is predominantly Houses at 83%, followed by land (13%), and townhouses (3%). Ray White was the most active agency in this area, representing 72.9% 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
Mount Cottrell VIC 3024
Market Insights for Mount Cottrell VIC 3024
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.
