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Overview
Situated in a sought-after area of Albanvale, this property offers a valuable opportunity primarily for builders, developers, and investors targeting land-driven potential. Set on a well-shaped allotment roughly 533 square metres in size, the site is a versatile canvas.
The existing home encompasses three bedrooms, including a master suite with an ensuite and walk-in robe, alongside a central living space and a dedicated study to support modern family or work-from-home needs. Two bathrooms and a separate laundry add to its practical layout, complemented by off-street double garage parking.
Its redevelopment prospects are particularly noteworthy, with the possibility to demolish and erect a contemporary luxury family residence or explore multi-dwelling projects subject to council approval. This flexibility caters to diverse buyer ambitions, from those seeking a bespoke dream home to those looking at high-yield developments.
The location enhances the property's appeal, situated in a rapidly developing region with strong potential for rental returns and land value growth. Convenience is a hallmark, being near Brimbank Shopping Centre, essential local amenities, and well-regarded educational institutions such as Albanvale Primary School. Recreation options abound with local childcare centres and green spaces nearby. Furthermore, transport accessibility is excellent with proximate train stations at St Albans and Deer Park, bus services, and the Western Ring Road facilitating efficient commutes to Melbourne’s CBD.
Given the increasing scarcity of land parcels with such prospects in Albanvale, this listing represents a noteworthy chance to secure a property with significant scope for enhancement.
Local Market Insights
In Albanvale, Quiet Listings observed 33 new houses entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $745,545. The property type mix of listed properties is predominantly Houses at 71%, followed by units (17%), and land (8%). The most active agency for houses in the Albanvale area is currently OBrien Real Estate, representing 24% of new listings, followed by Ray White with 15%. 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
| Headline | When |
|---|---|
| NEW PRICE $460,000 - $500,000 | |
| $500,000 - $550,000 | |
| Grand Open Saturday 19th 10am - 10:45am | |
| Auction |
Location
Market Insights for Albanvale VIC 3021
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