Sensational Development Opportunity in Prime Eltham Position

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1319 Main Road, Eltham VIC 3095

$2,100,000 - $2,300,000

Search Band Search Visibility Band

$2.1M - $2.21M Transparent Transparent Listing Based on an openly advertised listing price.

Land 2.6 acres

Listed: 24th Feb 2026

Updated: 19 days ago

Overview

A rare opportunity to secure a substantial landholding in one of Eltham's most tightly held and highly sought-after pockets.

This impressive development site of just over 10,000m² is positioned within the General Residential Zone - GRZ1, offering outstanding scope for a multi-unit development (STCA). The site presents exciting potential for a thoughtfully designed mix of three and four-bedroom townhouses, capitalising on strong local buyer demand.

With access from both the front and rear boundary, the flexibility of the allotment provides excellent design options and enhanced functionality for future development.

Perfectly positioned just moments from the heart of Eltham, local parks, quality schools and essential amenities, this blue-chip location combines scale, convenience and long-term growth appeal.

Flexible settlement terms are available, allowing time for planning, design and council approval (STCA).

An exceptional opportunity for builders, developers and investors seeking their next premium project in a thriving lifestyle precinct.

Local Market Insights

In Eltham, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $587,500. The property type mix of listed properties is predominantly Houses at 77%, followed by townhouses (8%), and units (6%). The most active agency for land in the Eltham area is currently OBrien Real Estate, representing 50% of new listings, followed by Morrison Kleeman Estate Agents - Doreen with 50%. 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.