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66-114 Paynes Road
Grangefields, VIC 3335

EOI: Contact Agent

Land 120100 m²

Listed: 4 hours ago

Overview

Positioned within one of Victoria's fastest-expanding growth corridors, 66-114 Paynes Road in Grangefields offers a substantial development opportunity. Spanning approximately 12.01 hectares (29.67 acres), this landholding benefits from prestigious Urban Growth Zone (UGZ) designation within the Melton East Precinct Structure Plan, signaling potential for future residential projects.

The site's western frontage to the Western Freeway provides excellent exposure and accessibility, while its immediate proximity to established masterplanned communities such as Woodlea Estate and Thornhill Estate creates a strong foundation of amenity and demand. The area's growth momentum is further enhanced by nearby infrastructure, including Rockbank Train Station and the emerging Rockbank Major Town Centre, complemented by multiple schools, parks, and neighborhood activity centers.

This property is ideal for developers seeking to capitalize on a premium location just 30 kilometers west of Melbourne's Central Business District. The potential for more than 200 residential lots (subject to planning approval) underscores its scale and viability for significant urban development. With Stage 1 of the Melton East PSP nearing ministerial approval, this site represents a timely opportunity to engage in shaping a high-quality residential community in a rapidly growing region.

Significant land area of 12.01 hectares suitable for large-scale residential development.
Urban Growth Zone (UGZ) designation offering clear development potential.
Excellent frontage and exposure to the Western Freeway and Paynes Road.
Proximity to established and thriving masterplanned communities enhances lifestyle appeal.
Strategic location with strong transport links including nearby Rockbank Train Station.
Close to future planned activity hubs and essential community infrastructure.

The property is offered for sale via Expressions of Interest, allowing developers and investors to explore this rare opportunity within a highly sought-after growth corridor.

Local Market Insights

In Grangefields, Quiet Listings observed 12 new parcels of land entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $2,309,242. The property type mix of listed properties is predominantly Houses at 74%, followed by land (23%), and townhouses (4%). Ray White was the most active agency in this area, representing 24.5% 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.