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Overview
Situated in one of Elsternwick’s most coveted residential precincts, this substantial land parcel of approximately 483 square metres offers a unique development or building opportunity. The generous size of the allotment invites a variety of possibilities, whether for constructing a bespoke family residence or a potential townhouse project, subject to council approvals.
Positioned amid well-established homes, the location provides easy access to Glen Huntly Road, known for its vibrant array of cafés, restaurants, supermarkets, and retail outlets, supporting a convenient urban lifestyle. Proximity to parks and open spaces adds a valued recreational element, enhancing the residential appeal of this neighborhood.
The property's accessibility is further amplified by excellent transport links including Elsternwick Railway Station, and nearby tram and bus routes, simplifying commutes to Melbourne’s CBD and surrounding suburbs.
With notable public and private educational institutions within easy reach, this site holds particular promise for families seeking convenience and quality schooling options in a respected community. The land's scale and location also hold appeal for developers and investors aiming to capitalize on the tightly held and desirable Elsternwick market.
This opportunity to secure such a significant landholding in an exclusive and accessible area represents a rare chance to create a value-rich future home or development project tailored to specific needs and aspirations.
Local Market Insights
In Melbourne - Inner South, Quiet Listings observed 11 new parcels of land entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $2,595,455. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (19%), and townhouses (17%). The most active agency for land in the Melbourne - Inner South area is currently OBrien Real Estate, representing 27% of new listings, followed by Buxton Real Estate Group with 27%. 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 Elsternwick VIC 3185
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