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Overview
This cleared vacant allotment of approximately 824 square meters is strategically positioned in highly sought-after Chadstone, presenting a flexible opportunity for a variety of development possibilities that can suit homeowners, builders, developers, or investors with different objectives.
Buyers have the advantage of multiple development pathways pending necessary council approvals; these include erecting a spacious, standalone family home offering ample space and privacy, or following approved plans to build two distinct double-storey residences that maximize land utility and living comfort.
The front proposed dwelling is designed with family needs in mind, featuring four bedrooms, a study area, and a parent’s retreat alongside living spaces designed for functionality and social interaction such as open-plan kitchen, living, and dining areas complemented by outdoor entertaining spaces and secure double garage facilities. The rear dwelling plan offers three bedrooms and similar living amenities, ensuring each residence benefits from thoughtful design prioritizing lifestyle and convenience.
Moreover, the property’s location is ideal, with proximity to education options like Salesian College, convenient access to local schools, public transport including Holmesglen and Jordanville train stations, parklands for outdoor recreation, and major transport arteries such as the M1 Monash Freeway. Chadstone Shopping Centre is also nearby, providing retail and lifestyle amenities.
This parcel offers a rare blend of flexibility, scale, and accessibility, appealing particularly to those looking to tailor development to specific needs, whether aiming for single-family occupancy or dual dwelling investment, in one of Melbourne’s well-established precincts.
Local Market Insights
In Melbourne - South East, Quiet Listings observed 77 new parcels of land entering the market over the last 30 days, down from 110 during the previous 30-day period, with an average advertised asking price of $831,201. The property type mix of listed properties is predominantly Houses at 70%, followed by townhouses (10%), and units (7%). The most active agency for land in the Melbourne - South East area is currently Ancora Property Group, representing 40% of new listings, followed by Ray White with 12%. 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 Chadstone VIC 3148
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