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Overview
Set within a high-density precinct of Broadmeadows, this property offers both immediate residential use and significant future development potential, making it an attractive prospect for a variety of buyers including investors and developers. The current residence, featuring three bedrooms and a bathroom, stands on a generous approximately 690 square meter allotment, providing ample space for expansion or alternative uses.
The location benefits from proximity to Broadmeadows Station and the local transport interchange, ensuring convenient access to train and bus services. Essential amenities such as Broadmeadows Central with its supermarkets, shops, and restaurants are close by, enhancing everyday convenience.
This property's position within an established precinct with ready infrastructure and road connections—like the Hume Freeway and M80 Ring Road—adds to its accessibility and development appeal. Furthermore, local schools, parks, sporting reserves, and community facilities contribute to the area's livability.
The current dwelling serves as a practical foundation while the substantial land area offers flexibility for those interested in exploring planning and development opportunities, subject to council approvals and relevant regulations. Buyers are encouraged to undertake due diligence regarding zoning and potential uses.
Overall, this property represents a substantial investment opportunity in a well-established northern Melbourne suburb, combining a functional existing home with the scope for growth and redevelopment.
Local Market Insights
In Broadmeadows, Quiet Listings observed 19 new houses entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $622,474. The property type mix of listed properties is predominantly Houses at 53%, followed by townhouses (28%), and units (19%). The most active agency for houses in the Broadmeadows area is currently Ray White, representing 26% of new listings, followed by First National with 16%. 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 Broadmeadows VIC 3047
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