High exposure corner site, 7,920 sqm* CDZ landholding

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

580 Thompsons Road, Sandhurst VIC 3977

$3,500,000

Search Band Search Visibility Band

$3.5M - $3.68M Transparent Transparent Listing Based on an openly advertised listing price.

Land 7920 m²

Listed: 28 days ago

Updated: 8 days ago

Overview

Situated on a prominent high exposure corner, this expansive 7,920 square meter Comprehensive Development Zoned site at 580 Thompsons Road, Sandhurst presents a versatile and strategic investment opportunity. With a wide combined frontage of 156 meters to two key arterial roads, Thompsons Road and McCormicks Road, the location offers excellent visibility and accessibility, enhancing its commercial and development potential.

Approved for a 2-lot subdivision, the property accommodates flexible development outcomes including a concept plan for a childcare facility on one lot, catering to community needs. The underlying zoning further supports medium density residential developments or alternate childcare and medical uses, subject to council approval, reflecting adaptability to evolving market demands.

The recent upgrade of Thompsons Road, completed in 2019 with a substantial $175 million investment, has improved regional connectivity by linking the surrounding precincts from Patterson Lakes through Sandhurst and Lyndhurst to Cranbourne. This enhancement increases the appeal for residents and businesses alike, making the site a promising choice for developers looking to capitalize on infrastructural improvements.

Beyond the block’s intrinsic features, the locale benefits from strong housing market performance, with median prices surpassing $1.1 million and demonstrating resilient growth. Proximity to established retail hubs such as Carrum Downs Regional Shopping Centre and The Local Village Shopping Mall, along with reputable education institutions within a short drive, augments the site’s attractiveness for families and developers targeting community-centric projects.

This property is ideal for investors and developers seeking a significant landholding with flexible planning options in a growing suburb with enhancing infrastructure and amenity. The corner positioning, size, and zoning combine to create a rare offering capable of yielding diverse development strategies tailored to market opportunities and community requirements.

Local Market Insights

In Sandhurst, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $1,830,667. The property type mix of listed properties is predominantly Houses at 83%, followed by townhouses (7%), and units (4%). The most active agency for land in the Sandhurst area is currently OBrien Real Estate, representing 17% of new listings, followed by Stonebridge Property Group with 17%. 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.