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Location

Market Insights for Greensborough VIC 3088

New Listings (last 30 days)

Average price

$995,000

Lowest price

$650,000

Highest price

$1,500,000

7 Willis Street, Greensborough VIC 3088

$1,450,000 - $1,550,000

Search Band Search Visibility Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 3 Cars 1948 m²

Listed: 31 days ago

Updated: 26 days ago

Overview

Situated on a rare and expansive 1,948 square metre parcel of land with a substantial 25.91m frontage, this single-level weatherboard home offers a unique redevelopment opportunity in a highly sought-after parkside location adjacent to Andrew Yandell Reserve. The generous land holding and wide frontage provide exceptional potential for subdivision or multi-dwelling projects, making it an appealing prospect for developers or investors looking to capitalize on the area's growth potential (subject to council approval).

The property is nestled within a peaceful cul-de-sac setting, ensuring a tranquil lifestyle while remaining connected to local conveniences including nearby greenleaf parks, local shops, and schools. This location is especially convenient for families and hobbyists who appreciate direct access to outdoor recreational spaces. Moreover, the surrounding suburbs offer a variety of educational institutions within a short distance, reinforcing the suitability for family living.

Inside, the existing residence features ample living spaces with versatile areas that can accommodate contemporary living or serve as a comfortable home while planning redevelopment. The sizable backyard and outdoor spaces enrich the property’s appeal, offering a serene environment with leafy surrounds.

Additionally, the property boasts features such as multiple bedrooms and bathrooms, a well-maintained classic kitchen, and convenient parking for several vehicles, which contribute to the functionality of the current home. For those interested in lifestyle and exceptional land value in a coveted location, this offering represents a rare opportunity to blend lifestyle with development potential.

With proximity to substantial local amenity including Greenhills Primary School, Briar Hill Primary School, and Greensborough Secondary College, residents can enjoy a well-rounded neighborhood environment. This property is well suited to a range of buyers including families, developers, and those seeking a substantial landholding in an established community.

Local Market Insights

In Greensborough, Quiet Listings observed 24 new houses entering the market over the last 30 days, down from 28 during the previous 30-day period, with an average advertised asking price of $995,000. The property type mix of listed properties is predominantly Houses at 64%, followed by units (21%), and townhouses (10%). The most active agency for houses in the Greensborough area is currently Jellis Craig, representing 38% of new listings, followed by Morrison Kleeman Estate Agents - Doreen with 29%. 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.