Plans & Permits for x4 three bed dwellings

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11 Michigan Avenue, Corio VIC 3214

$495,000-$540,000 Approved Plans 4x Dwellings

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$495k - $520k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 742 m²

Listed: 8th Aug 2026

Updated: 17 days ago

Overview

This property offers a notable opportunity on a substantial 742 square meter block in the growing suburb of Corio, Victoria. The current dwelling, featuring three bedrooms and a single bathroom, remains in its original condition but provides potential rental income while you consider future redevelopment. The value of this holding is significantly enhanced by the approved plans and permits allowing for construction of four double-story, three-bedroom dwellings, which is a rare find in this locale.

Beyond the existing home, the land’s generous size and the development approval make it especially attractive to investors, developers, or first-time home buyers seeking an entry point into a promising area. It presents flexibility for those looking to capitalize on Corio’s growth through redevelopment or to generate immediate income through leasing the current residence.

Location-wise, the property is conveniently situated within walking distance to Corio Village, providing access to supermarkets, cafes, and other everyday conveniences. Families and professionals will appreciate the proximity to local primary and secondary schools, community facilities, and sporting reserves, supporting an active lifestyle and easy daily routines. Excellent transport connections are afforded by nearby Ring Road for swift trips to Melbourne or the Surf Coast, as well as easy access to North Shore railway station and the Geelong CBD, facilitating commuting and broader connectivity.

Substantial approx. 742 sqm block with development plans for 4 three-bedroom double-story homes
Original condition three-bedroom home with rental potential
Prime opportunity for a range of buyers: investors, developers, first-home buyers
Conveniently close to shops, cafes, public transport, and quality schools
Well connected via the Ring Road and close to major lifestyle hubs

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.