Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This exceptional property presents a unique and rare opportunity to secure an entire block of three separate units on a generous corner allotment of approximately 750 square metres in the highly desirable Altona North area. Occupying a prime corner location, the site offers significant potential for refurbishment, redevelopment, or redevelopment through subdivision via strata titles, subject to council approval.
The property consists of three units under one title, each with distinct layouts and ample living spaces. Unit 1, a larger residence, features three bedrooms, a centrally located bathroom, formal lounge, kitchen/meals area, and family living space, complemented by a separate WC. Units 2 and 3 provide well-proportioned spaces with one and two bedrooms respectively, each including their own kitchen/meals area, lounge, bathroom, and courtyard, making them self-contained and versatile.
Its corner block position enhances accessibility and potential for future redevelopment, appealing to investors aiming to capitalize on versatile usage options or homeowners seeking to renovate with a multi-dwelling configuration. The expansive land size further contributes to ample outdoor space or future construction possibilities.
- Close proximity to several shopping centres increases convenience for daily necessities.
- Near the Bay Fit Leisure and Recreation Centre, beaches, and Altona Lake Golf Course, catering to active lifestyles and recreational hobbies.
- Well-serviced by excellent schools, medical centres, public transport options, and provides easy access to major freeways leading to Melbourne CBD, supporting commuting professionals and families alike.
This collection of units offers an attractive investment or redevelopment prospect in a sought-after location, with the flexibility to suit multiple living arrangements or potential enhancement. Prospective buyers should consider the scope for value addition and the opportunities presented by its strategic position and property configuration.
Local Market Insights
In Melbourne - West, Quiet Listings observed 91 new units entering the market over the last 30 days, up from 86 during the previous 30-day period, with an average advertised asking price of $576,396. The property type mix of listed properties is predominantly Houses at 71%, followed by townhouses (7%), and units (7%). The most active agency for units in the Melbourne - West area is currently Ray White, representing 25% of new listings, followed by OBrien Real Estate with 13%. 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
Market Insights for Altona North VIC 3025
Other properties in this postcode
