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Overview
This property presents a unique opportunity in one of Oak Park's most sought-after locations, set on a substantial 929 sqm parcel of land. The site benefits from town planning approval for the development of four premium townhouses, highlighting its excellent investment potential for developers or visionary homeowners seeking to capitalize on the area's desirable footprint.
Positioned along the picturesque Moonee Ponds Creek Trail, the location boasts a blend of natural beauty and urban convenience, providing residents the luxury of recreational access while remaining well connected to local amenities. Such a setting enhances lifestyle appeal, fostering a balance between outdoor living and community convenience.
- 929 sqm land area with approved town planning permits for four executive-style townhouses.
- Designs promise large, spacious homes that emphasize style and functionality.
- A blue-chip location offering stable investment confidence in Oak Park.
The property's current planning approvals ensure a streamlined transition to building, reducing lead time and execution risks. These homes are envisioned to meet the highest standards of design and space, appealing to discerning buyers or investors focused on quality and market appeal.
This offering is particularly suited to developers or investors aiming to create standout residences that capitalize on modern lifestyle demands within a thriving suburban environment. The availability of plans and permits facilitates immediate progression, making this an attractive proposition within the competitive Oak Park market.
Local Market Insights
In Oak Park, Quiet Listings observed 28 new houses entering the market over the last 30 days, unchanged from 28 in the prior period, with an average advertised asking price of $942,679. The property type mix of listed properties is predominantly Houses at 42%, followed by townhouses (33%), and units (11%). The most active agency for houses in the Oak Park area is currently Stockdale & Leggo, representing 46% of new listings, followed by Ray White with 21%. 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 |
|---|---|
| $1,400,000 - $1,500,000 | |
| $1,500,000 - $1,650,000 |
Location
Market Insights for Oak Park VIC 3046
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