Overview
This substantial development site in Yarraville presents a rare opportunity to capitalize on the surging demand for contemporary multi-level living close to Melbourne’s CBD. Comprising 1,121 square metres of prime urban land, this fully approved site is ready for the construction of nine striking townhouses, with plans encompassing eight triple-storey and one two-storey design. The comprehensive planning approval significantly reduces the preliminary hurdles often faced in development projects, offering a streamlined path to construction and marketing.
Uniquely positioned as a quintessential in-fill parcel, this site is surrounded by an established residential community, ensuring the preservation of neighborhood character and eliminating concerns of competing vacant lots. The proximity—around 7 kilometres by air—to Melbourne’s central business district provides an unmatched blend of lifestyle and accessibility. Residents will benefit from immediate access to key amenities such as major supermarkets including Coles and Woolworths, convenient dining options, and an array of reputable primary and secondary schools, catering to diverse family needs.
Connectivity is a standout attribute of this location. Direct access to major arterial routes such as the West Gate Freeway, Princes Highway, and Geelong Road facilitates smooth commuting options both into the city and surrounding suburbs. The presence of the West Gate Bridge nearby further augments transport versatility, making this development highly attractive to owner-occupiers seeking convenience and investors looking for sustainable capital growth.
- Substantial Land Holding: A generous 1,121 square metre allotment primed for townhouse development.
- Development Ready: Council-approved plans and permits significantly expedite project commencement.
- Exclusive In-Fill Location: Set within a fully developed residential pocket with established character.
- Close to the CBD: Efficient aerial proximity at approximately 7 kilometres offers urban accessibility.
- Retail and Educational Amenities: Access to diverse shops, eateries, and quality schools enhances residential appeal.
- Exceptional Transport Links: Unrivalled connectivity supports easy commuting and lifestyle mobility.
- Sustained Growth Area: Positioned within one of Melbourne’s most consistent capital-growth suburbs.
This development site is suited for experienced developers seeking a turnkey opportunity in a sought-after inner-west suburb, with alternatives appealing to investors aiming for long-term growth driven by strategic location advantages and high market demand for modern multi-storey townhouses.
Local Market Insights
In Yarraville, Quiet Listings observed 6 new townhouses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $1,123,333. The property type mix of listed properties is predominantly Houses at 55%, followed by townhouses (16%), and apartments (16%). The most active agency for townhouses in the Yarraville area is currently Jas Stephens Real Estate, representing 67% of new listings, followed by Canford Estate Agents 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.