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Overview
Located in one of Tullamarine’s most desirable areas, this property presents a rare development opportunity featuring approved plans and permits for four townhouses, comprising two 3-bedroom and two 2-bedroom units. This makes it an attractive proposition for developers or savvy investors looking to capitalize on the site’s potential.
The existing house provides a solid foundation with four bedrooms, each fitted with built-in robes, catering well to a family or occupancy during development planning. The open lounge and dining areas, complemented by a generously sized, updated kitchen equipped with stainless steel appliances, provide practical living spaces. These interiors flow onto a large meals area, creating a functional and inviting environment for daily living and entertaining.
Enhancing the home’s lifestyle offering is a magnificent undercover entertaining area ideal for social gatherings, alongside a horseshoe driveway and a double brick garage, ensuring ample parking and convenience. The home is appointed with ducted heating, air conditioning, and quality fixtures including a gas cooktop, range hood, and under-bench oven. Thoughtful features such as window furnishings augment the comfort and livability of the property.
With substantial land size measuring 910 square meters, this site holds potential beyond the current structure, promising flexibility for future redevelopment. Overall, this property will appeal to both families seeking an established home and developers or investors eager to leverage the approved plans in a sought-after locale.
Local Market Insights
In Tullamarine, Quiet Listings observed 13 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $770,000. The property type mix of listed properties is predominantly Houses at 59%, followed by townhouses (23%), and commercial properties (9%). Ray White was the most active agency in this area, representing 38.5% 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.
Location
Tullamarine VIC 3043
Market Insights for Tullamarine VIC 3043
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