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39 Hutchinson Street, Albion VIC 3020

$800,000 - $880,000

Search Band Search Visibility Band

$800k - $850k High Confidence Calculated based on strong search observations.

Land 945 m²

Listed: 21 days ago

Updated: 11 days ago

Overview

This expansive vacant allotment of approximately 945 square meters presents an impressive opportunity for visionary buyers seeking substantial space and latitude in design and development. Positioned within a location brimming with lifestyle benefits, the size of the block invites multiple possibilities that cater to diverse ambitions.

One prospective path is the development of up to five sizeable three-bedroom townhouses, subject to council approval, offering an attractive prospect for investors or developers aiming to capitalize on the area's desirability. Alternatively, the land can accommodate a grand custom family residence complete with established gardens and ample garaging, ideal for those desiring privacy and space in a prominent suburb.

Rarely does a land parcel of this scale come to market, encouraging expansive, creative planning without constraints.
Strategically located with zoning to Albion Primary School, this site is well-suited to families prioritizing education access.
Its proximity to Albion train station and Selwyn Park enhances connectivity and recreational options, supporting an active and convenient lifestyle.
Easy access to the Western Ring Road and the shopping and community facilities in Sunshine further enrich the living experience.

The site is recognized as a landmark in a highly sought-after suburb, providing a canvas for realizing extensive and ambitious property visions. Its size and location combine to form a compelling foundation for either investment or a bespoke family estate, making this an opportunity not to be overlooked.

Local Market Insights

In Albion, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $946,000. The property type mix of listed properties is predominantly Houses at 57%, followed by townhouses (17%), and units (12%). The most active agency for land in the Albion area is currently Ray White, representing 20% of new listings, followed by Harcourts with 20%. 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.