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Overview
Situated prominently on Dorset Road in the heart of Boronia, this expansive triple-title property offers a unique and approved development opportunity on approximately 3,031 square metres of land. The site benefits from a rare planning permit allowing the construction of a substantial residential project comprising 34 dwellings, including a mix of apartments and townhouses with basement car parking, ensuring both scale and functionality for future occupants or investors.
The development prospect encompasses a thoughtfully planned community structure with 25 apartments and 9 townhouses. The apartments range from two-bedroom to three-bedroom layouts, while the townhouses vary up to four bedrooms, providing a versatile accommodation mix designed to meet diverse needs. This offers potential for families, downsizers, or those seeking investment in a sought-after location.
With two of the three titles currently vacant and one existing dwelling offering holding income, the property is primed for development progress. Its location within walking distance to Boronia Train Station, the bustling retail precincts of Boronia Junction and essential everyday amenities including supermarkets, cafés, and medical services, makes it strategically valuable for a liveable and connected community environment.
Key attributes include substantial land area across three adjoining properties, strong exposure to Dorset Road, and a flexible, approved residential scheme enhancing development confidence. This offering appeals particularly to developers looking for a large-scale project in a central activity centre with excellent accessibility and amenity advantages.
Local Market Insights
In Boronia, 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 $3,000,000. The property type mix of listed properties is predominantly Houses at 52%, followed by units (26%), and commercial properties (7%). The most active agency for land in the Boronia area is currently Area Specialist, representing 50% of new listings, followed by @Realty 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.
Location
Market Insights for Boronia VIC 3155
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