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Overview
Located in the prestigious and highly sought-after enclave of Armadale, this substantial parcel of land offers an exceptional opportunity for developers and strategic buyers to secure a commanding footprint within one of Melbourne's most affluent residential precincts.
Comprising two separate titles combined into a generous 1,735 sqm landholding, the property benefits from dual-street frontage complemented by efficient rear laneway access. This unique configuration not only enhances accessibility but also presents significant cost-saving advantages, especially concerning potential basement excavation and construction.
Unlike many redevelopment sites burdened with existing plans or permits, this offering functions as a clean slate, allowing for extensive architectural freedom and design flexibility. The absence of pre-constraints means development can be tailored precisely to market demands and buyer preferences.
Positioned within the Housing Choice And Transport Zone (HCTZ1) and subject to State planning controls (STCA), the site is ideally suited for a high-quality residential development potentially spanning four to six levels. This profile unlocks possibilities ranging from exclusive townhouses to premium owner-occupier apartments, all designed to meet the rigorous standards and lifestyle expectations of discerning purchasers.
This rare landholding will appeal predominantly to developers and investors focused on luxury residential projects in tightly held suburbs with reliable resale values. Its location ensures proximity to established amenities, transport links, and a lifestyle synonymous with prestige and convenience.
With Expressions of Interest closing in late September 2026, this opportunity is primed for timely acquisition by buyers poised to make a significant mark in Armadale's dynamic property landscape.
Local Market Insights
In Melbourne - Inner, Quiet Listings observed 19 new parcels of land entering the market over the last 30 days, down from 20 during the previous 30-day period, with an average advertised asking price of $3,094,158. The property type mix of listed properties is predominantly Houses at 40%, followed by apartments (34%), and townhouses (11%). The most active agency for land in the Melbourne - Inner area is currently OBrien Real Estate, representing 16% of new listings, followed by Buxton Real Estate Group with 16%. 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.
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Location
Market Insights for Armadale VIC 3143
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