Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This property stands out primarily for its exceptional land value, set on a substantial 702 square meter allotment with an approximately 17-meter frontage. The generous parcel offers a significant opportunity for those with a vision to develop or enhance a residence to their exact specifications. Whether aspiring to build a high-end family home, initiate a multi-dwelling development, or renovate the existing residence, the site provides a flexible framework suited to diverse plans.
Positioned in a tightly held and highly connected pocket, this location offers both privacy and convenience. The property’s potential is underscored by its accessibility to renowned local schools, vibrant retail strips, and community amenities, serving as an attractive foundation for families and investors alike.
Whilst the existing Californian bungalow provides a charming glimpse into traditional architecture, it mainly serves as a canvas for future enhancement or redevelopment. The layout includes four bedrooms and two bathrooms, complemented by dual kitchen areas and additional storage space, supporting versatile living arrangements.
- Substantial land size perfect for reimagining the space
- Prime position in a sought-after suburb with easy access to schools and transport
- Flexibility to renovate or redevelop according to personal or investment strategies
- Parking for two vehicles complements the lifestyle convenience
This opportunity will appeal particularly to developers, established families seeking to create a bespoke residence, or those looking to enter a flourishing market with strong future growth prospects. The property blends the potential of a landmark site with the benefits of a well-established community setting.
Local Market Insights
In Surrey Hills, Quiet Listings observed 14 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $2,798,571. The property type mix of listed properties is predominantly Houses at 52%, followed by units (17%), and apartments (17%). The most active agency for houses in the Surrey Hills area is currently Jellis Craig, representing 36% of new listings, followed by Marshall White with 36%. 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 Surrey Hills VIC 3127
Other properties in this postcode
