5-7 Eve Court Craigieburn development opportunity !!

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Eve Court, Craigieburn VIC 3064

Development Opportunity !!

Search Band Search Visibility Band

$1.6M - $1.7M Medium Confidence Calculated based on our search observations.

Townhouse 6 Beds 2 Baths 2 Cars 1796 m²

Listed: 57 days ago

Updated: 10 hours ago

Overview

This property offers a rare and significant development prospect in the growing and well-established Craigieburn area. The two adjoining lots at 5 and 7 Eve Court combine to present approximately 1,796sqm of prime land, subdivided into parcels of around 840sqm and 956sqm respectively. Already equipped with approved plans and permits for six townhouses, this site provides a streamlined opportunity for developers or builders to proceed with a residential project without the initial delays of planning approvals.

Set within a desirable location with access to a variety of community amenities, including schools, shopping centers, parks, and convenient public transport options, this site ensures future residents will benefit from practicality alongside growth potential. The location's connectivity to major road networks further enhances its accessibility for commuters and visitors alike.

The existing development approvals eliminate many preliminary hurdles, creating a clear pathway for construction and investment. This substantially reduces risk and positions the site as an appealing prospect for those seeking to capitalize on the demand for residential townhouses in a strong residential market.

Combined land size of nearly 1,800sqm offers flexibility and scale
Approved planning permits for six townhouses accelerate development opportunities
Location offers proximity to schools, parks, retail, and transport for convenient living
Ideal for experienced developers or builders looking for a ready-to-go project
Benefits from anticipated growth and investment appeal in Craigieburn

Overall, these two adjoining properties represent a substantial landholding with an established residential development plan in place. They offer an attractive investment catalyst in a sought-after location, catering well to developers aiming to respond to market needs promptly and effectively.

Local Market Insights

In Craigieburn, Quiet Listings observed 11 new townhouses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $502,091. The property type mix of listed properties is predominantly Houses at 75%, followed by land (15%), and townhouses (5%). The most active agency for townhouses in the Craigieburn area is currently Harcourts, representing 27% of new listings, followed by LJ Hooker with 27%. 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.