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109 Plenty Road, Bundoora VIC 3083

$1,200,000 – $1,300,000

Search Band Search Visibility Band

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

Land 772 m²

Listed: 37 days ago

Updated: 15 hours ago

Overview

Situated on a generous and level 772 square metre parcel of land, this exceptional development opportunity offers a compelling proposition within Bundoora’s thriving university precinct. The size and location of the block provide a flexible canvas for those considering building a significant family residence or exploring development possibilities (subject to council approval).

Positioned conveniently with tram access directly to RMIT Bundoora and La Trobe University, the property benefits from easy connectivity that appeals particularly to families, professionals, and investors seeking proximity to these educational hubs. In addition to excellent transport links, the site is within walking distance to local shopping and café precincts, facilitating a lifestyle of convenience and connectivity.

This rare offering in a sought-after area supports a variety of buying intentions including owner-occupiers with plans for a bespoke home or developers aiming to capitalize on demand in a high-growth zone. The level nature of the land simplifies site works, enhancing the potential for a successful project.

Overall, this land parcel represents a strategic purchase for anyone looking to establish themselves in a well-connected community with strong long-term growth prospects.

Local Market Insights

In Melbourne - North East, Quiet Listings observed 49 new parcels of land entering the market over the last 30 days, up from 33 during the previous 30-day period, with an average advertised asking price of $603,531. The property type mix of listed properties is predominantly Houses at 62%, followed by townhouses (12%), and units (10%). The most active agency for land in the Melbourne - North East area is currently Jellis Craig, representing 51% of new listings, followed by Ray White with 10%. 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.