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3 Mitta Court, Corio VIC 3214

$629,000-$659,000 Approved Permit X5 Units

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$629k - $660k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 861 m²

Listed: 3rd Aug 2026

Overview

Set within a peaceful court in Corio, this substantial 861 square metre property offers a unique blend of immediate liveability and future development potential. The existing three-bedroom residence presents flexibility, serving as a comfortable home, a renovation project, or an income-generating asset with the possibility of leasing it while development plans progress.

The property's standout feature is the approved plans and permits for five double-story townhouses, significantly streamlining the development process by removing preliminary hurdles and enabling focus on execution. This makes it particularly attractive to developers and investors looking for a project-ready site in a sought-after location.

In terms of lifestyle and convenience, the location is strategically positioned just minutes from essential amenities including Corio Village Shopping Centre, schools, public transport options, and parklands. Easy freeway access further connects residents to Melbourne and Geelong's CBD, enhancing the value proposition of this property.

Overall, this property offers a rare opportunity to enter the development market with substantial groundwork completed or to acquire a home with significant upside in a growing suburb. It suits developers, savvy investors, and buyers aiming for a versatile asset with strong prospects. The quiet court setting adds to the appeal, promising a serene environment amid urban convenience.

861m² approx. land size providing ample development scope
Approved permits for five double-story townhouses accelerate project timelines
Existing three-bedroom dwelling offers flexibility for living, renting, or renovation
Quiet court location reduces through traffic and enhances neighborhood tranquility
Proximity to schools, shopping, transport, and freeway facilitates easy daily living

Local Market Insights

In Corio, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $569,543. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and commercial properties (4%). The most active agency for houses in the Corio area is currently Area Specialist, representing 30% of new listings, followed by Harcourts 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.