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Overview
Situated in one of Coburg's most desirable and sought-after streets, this remarkable landholding in The Grove presents a unique opportunity to acquire a premium development site with approved plans and permits for two architecturally designed residences side by side.
The proposed designs encompass two spacious family homes spread across multiple levels, each featuring expansive open-plan living and dining areas, kitchens equipped with butler's pantries, various living zones, four bedrooms, dedicated study spaces, multiple bathrooms, and seamless transitions between indoor and outdoor entertaining areas. A secure basement with ample car parking and storage enhances the functionality of the homes, while beautifully landscaped outdoor spaces complement the modern architectural design.
Alternatively, buyers have the option to utilize the prestigious location and generous land size to create a custom dream home tailored to their specific lifestyle needs. This represents a rare blank canvas in one of Coburg's most coveted streets.
The location further enhances the appeal, offering easy access to the vibrant cafes and restaurants along Sydney Road, Coburg Station, trams, schools, parks, shopping precincts, and Melbourne's central business district. This is a rare chance to secure prime land in Coburg with the flexibility to develop or build your ideal home.
Local Market Insights
In Coburg, Quiet Listings observed 34 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $1,225,500. The property type mix of listed properties is predominantly Houses at 58%, followed by apartments (22%), and townhouses (10%). Nelson Alexander was the most active agency in this area, representing 44.1% of all new listings in the last 30 days. 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.
Change History
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Location
Coburg VIC 3058
Market Insights for Coburg VIC 3058
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