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Overview
This substantial property on an approximately 770 square metre flat allotment presents an exceptional redevelopment opportunity with potential to build a new home or up to four townhouses subject to council approval. The wide frontage of about 16.9 metres and depth of 46 metres provides a generously sized north-facing backyard, enhancing natural light and outdoor living possibilities.
The existing house, currently leased, caters well to large families or those seeking flexible living arrangements, featuring a notably spacious floor plan with five bedrooms, three bathrooms, three kitchens, and three living rooms. This layout offers plentiful space for multi-generational living or separate accommodation zones.
- Five bedrooms afford ample accommodation options.
- Three bathrooms and kitchens increase convenience and functionality.
- Three car spaces meet parking needs comfortably.
Positioned in Kingsbury, a location that benefits from proximity to multiple parks such as Bundoora Park and the Fenced Dog Park, along with access to major thoroughfares including Plenty Road and La Trobe University. Local amenities including the Polari Shopping Centre provide a range of retail and dining options. This location is well suited for families, investors with redevelopment aspirations, or those seeking a home with versatile living spaces.
The property’s generous land size combined with its existing functional home makes it attractive for purchasers looking to invest in both lifestyle and future potential.
Local Market Insights
In Kingsbury, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $835,944. The property type mix of listed properties is predominantly Houses at 56%, followed by townhouses (16%), and apartments (13%). The most active agency for houses in the Kingsbury area is currently Ray White, representing 33% of new listings, followed by Morrison Kleeman Estate Agents - Doreen with 17%. 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
Kingsbury VIC 3083
Market Insights for Kingsbury VIC 3083
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