Prime Location 864m2 With Endless Development Opportunity!

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Location

Market Insights for Eumemmerring VIC 3177

New Listings (last 30 days)

Average price

$658,000

Lowest price

$570,000

Highest price

$690,000

7 Theyer Street, Eumemmerring VIC 3177

$850,000 - $935,0000

Search Band

$850k - $900k High Confidence Calculated based on strong search observations.

House 4 beds 1 bath 1 car 864 m²

Listed: 50 days ago

Overview

Situated on a sizeable and flat rectangular block of approximately 864 square meters with dual driveway options, this property presents a versatile opportunity ideal for developers, investors, and builders. The existing four-bedroom home provides a flexible foundation, whether you choose to maintain the residence and enjoy its expansive backyard or explore subdivision potential subject to council approval (STCA).

The home includes two bedrooms fitted with built-in robes, a central family bathroom, a large kitchen adjoining the dining area, and two spacious living areas that cater well to both family life and entertaining. Additional features include a sizable separate laundry and ducted heating for year-round comfort.

The expansive backyard and wide driveway access are perfect for families desiring outdoor space or for those considering a townhouse redevelopment with a potential for up to four dwellings. This property is suitable for investors looking to capitalize on rental income while planning future development.

Conveniently located close to transport links such as trains, buses, and major highways including the South Gippsland Highway, Princes Highway, and Monash Freeway, the area offers easy access to amenities like child care centers, hardware stores, supermarkets, local reserves, and healthcare facilities, all within a short drive.

This rare offering is a solid option for land banking, rental investment, or a redevelopment project, providing multiple pathways for value creation and lifestyle enhancement.

Local Market Insights

In Eumemmerring, Quiet Listings observed 5 new houses entering the market over the last 30 days, down from 9 during the previous 30-day period, with an average advertised asking price of $658,000. The property type mix of listed properties is predominantly Houses at 45%, followed by units (27%), and townhouses (18%). The most active agency for houses in the Eumemmerring area is currently Harcourts, representing 20% of new listings, followed by Barry Plant with 20%. 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.