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Overview
Located in the heart of Lilydale, this property presents a unique opportunity for developers and investors alike due to its substantial size and favourable zoning. The level and perfectly rectangular 918sqm land makes planning and construction straightforward, ideal for creating multiple multi-level townhouses. This feature, combined with its central location, provides excellent potential for redevelopment.
The existing three-bedroom weatherboard home on the site offers a modest living space for those considering a renovation or holding the property during the development process. The balance of the home’s design emphasizes a quiet and contained lifestyle with scope for creative transformation.
Additionally, the property's positioning within a thriving growth corridor with convenient access to Lilydale’s key amenities—such as transport, schools, and retail—enhances its appeal as a secure investment or development project. Its proximity to major roads and public transport routes ensures excellent connectivity while situated in a community-oriented neighbourhood.
This property is particularly suited to developers eager to capitalize on a well-located, level parcel of land with promising zoning, as well as investors seeking a promising asset in a steadily growing area.
Local Market Insights
In Lilydale, Quiet Listings observed 13 new houses entering the market over the last 30 days, down from 31 during the previous 30-day period, with an average advertised asking price of $901,538. The property type mix of listed properties is predominantly Houses at 68%, followed by units (16%), and townhouses (16%). The most active agency for houses in the Lilydale area is currently Jellis Craig, representing 31% of new listings, followed by Noel Jones with 23%. 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 Lilydale VIC 3140
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