Permit Approved 322-Lot Residential Development Site

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93 & 145 East West Road, Warragul VIC 3820

$25,000,000

Land 90.3 acres

Listed: 40 days ago

Updated: 14 hours ago

Overview

The property at 93 & 145 East West Road in Warragul presents a rare and expansive landholding opportunity, offering 36.56 hectares in total with 29.18 hectares approved for residential development. Located within Warragul's Precinct Structure Plan (PSP), this site stands out for its scale and strategic planning approvals, including a permit for 322 residential lots and a 1.05 hectare superlot housing an existing homestead. This superlot has additional subdivision potential into 18 lots, subject to council approval.

This sizeable and permit-approved development site provides a strong platform for scalable residential growth, making it highly appealing for developers seeking a well-documented and de-risked project. The inclusion of an approved Cultural Heritage Management Plan (CHMP) further enhances the property's development security, reducing potential impediments.

Extensive combined land area of 36.56 hectares, of which 29.18 hectares is net developable.
Planning approval secured for over 320 lots along with a sizable superlot featuring a homestead, offering subdivision potential.
Strategically positioned in Melbourne’s southeast peri-urban growth corridor, signalling strong future demand and population growth, with forecasts indicating a 65.9% increase over the next two decades.
Excellent transport connectivity with close proximity to the Princes Freeway and Warragul Train Station, facilitating convenient access to Melbourne and surrounding regions.
Access to established retail and lifestyle amenities such as Warragul Town Centre and Homemaker Centre, anchored by major retailers providing a comprehensive local shopping experience.
Nearby quality education institutions including Marist-Sion College, St Joseph’s Primary, and St Paul’s Anglican Grammar, ideal for families considering new residential communities.
The Warragul area has demonstrated consistent median house price growth, currently around $695,000, reinforcing the market strength and investment potential.

This offering is presented via Expression of Interest, illustrating an exclusive market approach for interested developers or investors. The site's combination of size, approvals, infrastructure access, and location within a growing peri-urban corridor positions it as a prime candidate for high-demand residential development projects in Victoria’s evolving housing market.

Local Market Insights

In Warragul, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $1,117,500. The property type mix of listed properties is predominantly Houses at 80%, followed by land (10%), and units (5%). The most active agency for land in the Warragul area is currently OBrien Real Estate, representing 50% of new listings, followed by One Agency with 33%. 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.