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Overview
This exceptional development opportunity in Heidelberg Heights offers approximately 700 square metres of land, complete with approved plans and permits for three architecturally designed town residences. Located in a highly sought-after area close to essential amenities such as schools, parklands, shopping centres, public transport, and major hospitals, this ready-to-build project presents a unique prospect for developers, builders, and investors to fast-track construction and meet strong market demand.
The approved plans detail three substantial residences featuring generous layouts ranging from three to four bedrooms, each including a garage and private open space. Residence one and two each comprise four bedrooms, with floor areas of approximately 178.7 and 193.1 square metres respectively, and considerable private open spaces enhancing lifestyle options. Residence three offers a contemporary three-bedroom design with approximately 174.4 square metres including garage space and a private open area.
This development not only guarantees quality living environments with spacious internal areas but also benefits from a prime location providing easy access to the Ivanhoe and Burgundy Street precincts, La Trobe University, and efficient transport links. The ready approval status eliminates common planning delays, allowing immediate commencement of construction.
Overall, this is a compelling opportunity in one of Melbourne's most consistent growth corridors, tailored for professionals, builders and investors seeking turnkey development in a premium residential locale.
Local Market Insights
In Melbourne - North East, Quiet Listings observed 20 new parcels of land entering the market over the last 30 days, down from 36 during the previous 30-day period, with an average advertised asking price of $975,700. The property type mix of listed properties is predominantly Houses at 63%, followed by townhouses (15%), and units (8%). The most active agency for land in the Melbourne - North East area is currently Ray White, representing 25% of new listings, followed by Universal Real Estate Vic North with 15%. 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.
Change History
| Headline | When |
|---|---|
| $1,125,000-$1,237,500 | |
| $1,125,000-$1,237,500 |
Location
Market Insights for Heidelberg Heights VIC 3081
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