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Overview
Situated in a coveted pocket of Notting Hill, this substantial property presents a rare opportunity anchored by a generous and well-proportioned 733sqm block. Its nearly rectangular shape and wide street frontage provide exceptional flexibility for redevelopment, making it particularly appealing to builders, developers, and owner-builders contemplating modern family homes, dual-occupancy projects, or townhouse developments—subject to council approval.
Currently, the existing brick residence provides potential holding income options for investors or those planning future redevelopment. The deep rear yard offers a generous setback from neighboring properties, facilitating diverse site planning possibilities. This combination of practical land characteristics and holding potential enhances the appeal for astute property buyers looking for long-term value.
The property’s location close to Melbourne’s premier education and lifestyle corridor adds significant lifestyle benefits. Just minutes from Monash University's Clayton Campus, the area consistently attracts student and professional rental demand, enhancing investment viability. Convenient access to Chadstone Shopping Centre, Australia's largest retail hub, along with local conveniences at Pinewood Shopping Village, Westerfield Shops, and The Glen, supports a comfortable lifestyle for future residents.
Excellent connectivity provided by nearby Glen Waverley Station and the Monash Freeway (M1) offers efficient routes to the Melbourne CBD. In addition, proximity to healthcare facilities such as Waverley Private Hospital and education options like Holmesglen Institute further strengthens the location’s appeal. Recreational opportunities are complemented by the Monash Aquatic & Recreation Centre, serving the active lifestyle needs of occupants.
- Expansive 733sqm* land with regular shape ideal for various development concepts (STCA)
- Existing brick dwelling offering immediate rental or living options
- Wide frontage facilitating subdivision or multi-unit designs
- Deep rear yard with ample setbacks for flexible site planning
- Close to major educational institutions, shopping centres, transport, and healthcare
This property is best suited for individuals or entities seeking a substantial block in a tightly held, well-serviced suburb with proven long-term growth and rental demand potential. It offers a strategic foundation to create a bespoke residence or undertake redevelopment in a dynamic and established neighbourhood.
Local Market Insights
In Notting Hill, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $1,208,900. The property type mix of listed properties is predominantly Houses at 37%, followed by apartments (30%), and townhouses (22%). The most active agency for houses in the Notting Hill area is currently McGrath Estate Agents, representing 30% of new listings, followed by Buxton Real Estate Group 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.
Location
Market Insights for Notting Hill VIC 3168
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