Approved Plans and Permits for 7 Townhouses !

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1-3 Cross Terrace, Glenroy VIC 3046

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$2M - $2.5M Medium Confidence Calculated based on our search observations.

Land 12 Beds 6 Baths 1800 m²

Listed: 1st Aug 2026

Updated: 12 hours ago

Overview

Situated in the peaceful, tree-lined streets of Glenroy, this rare land and development opportunity encompasses approximately 1800 square metres of prime real estate, combining three properties with approved development plans for seven generously sized townhouses. This presents a highly attractive prospect for investors and developers aiming to maximize returns through land banking and multiple income streams within a well-serviced location.

The development permit includes detailed documentation such as working drawings and engineering approvals, ensuring a streamlined project delivery for all seven townhouses, which vary in size from 16.2 to 20.1 square squares and are designed with practical living in mind. Several units come with separate driveways and street frontages, adding privacy and convenience, while others benefit from communal access with shared driveways, supporting efficient land use and community cohesion.

The property's central location offers excellent connectivity, with close proximity to Glenroy Station, local schools, shopping centers such as Broadmeadows Shopping Centre, and easy freeway access—significantly enhancing lifestyle convenience and future rental appeal. Additionally, the nearby Moonee Ponds Creek offers natural recreational amenities to complement urban living.

This offering suits investors targeting stable rental yields supported by existing permissions for residential development, and developers seeking a manageable yet profitable project within a sought-after suburb. The combination of location, approved plans, and scale creates a compelling proposition for those aiming to enter or expand within the Glenroy market.

Local Market Insights

In Melbourne - North West, Quiet Listings observed 67 new parcels of land entering the market over the last 30 days, unchanged from 67 in the prior period, with an average advertised asking price of $1,270,588. The property type mix of listed properties is predominantly Houses at 68%, followed by townhouses (10%), and land (8%). The most active agency for land in the Melbourne - North West area is currently Matilda Donnybrook, representing 33% of new listings, followed by Ray White with 18%. 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.