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Overview
This property offers a substantial land size of approximately 1,300 square metres, presenting a remarkable opportunity for redevelopment subject to council approval or renovation. Located in the established suburb of Altona North, the site currently comprises a three-bedroom, one-bathroom house that is presently tenanted, making it suitable for investors interested in steady rental income.
Positioned within walking distance of a variety of schools and with the conveniences of Altona Gate shopping centre and local amenities nearby, this location caters well to families or developers seeking a strategic foothold in a growing area.
The home provides four car parking spaces, reflecting ample accommodation for vehicles or potential for development of garages or additional structures. Though the internal living spaces are modest with a single bathroom, the expansive land holding is the core appeal here, offering flexibility for future planning and enhancement.
This site could attract a diverse range of buyers including those looking to renovate and modernize an existing home or investors and developers focused on capitalizing on the redevelopment possibilities within the local council's planning framework. The blend of location, land size, and current use provides a foundation for multiple property pathways.
Local Market Insights
In Altona North, Quiet Listings observed 16 new houses entering the market over the last 30 days, down from 22 during the previous 30-day period, with an average advertised asking price of $1,347,656. The property type mix of listed properties is predominantly Houses at 50%, followed by units (28%), and townhouses (16%). The most active agency for houses in the Altona North area is currently Barlow McEwan Tribe, representing 25% of new listings, followed by Belle Property with 19%. 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 Altona North VIC 3018
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