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51 Argyle Street, Donvale VIC 3111

$1,200,000

Search Band Search Visibility Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 2 Cars 680 m²

Listed: 7 days ago

Overview

This property at 51 Argyle Street in Donvale offers an exceptional blend of family living potential and development opportunity set within a highly sought-after locale. Situated on a substantial 680 square metre allotment zoned General Residential 1 with no restrictive overlays, the site presents great versatility for buyers with varying intentions.

The existing home is well-appointed for family needs, featuring three comfortable bedrooms and two bathrooms, supported by two car parking spaces plus a functional study. Its thoughtful layout and living spaces provide a harmonious setting, ideal for daily family life.

For families, the home delivers a comfortable environment close to reputable schools including Donvale Primary School, Mullauna Secondary College, Carey Grammar, and Whitefriars College, facilitating convenient educational access. Proximity to Tunstall Square shopping and other amenities further enhances lifestyle prospects here.

For developers or investors, the generous and well-positioned block provides a promising platform for creating a luxury new dwelling or a multi-dwelling townhouse development, capitalizing on the location's high demand and zoning flexibilities.

The property suits buyers seeking a premium and practical lifestyle or those looking to capitalize on development potential in one of Donvale's prominent pockets. Its balanced attributes ensure wide appeal, from families to astute investors.

Spacious 680 sqm block with versatile General Residential 1 zoning
Three bedrooms and two bathrooms, catering well to family needs
Functional study and ample parking spaces
Close to quality schooling options and shopping precincts
Development potential for luxury or multi-dwelling projects

Overall, 51 Argyle Street stands as a highly adaptable property grounded in a prime location, perfectly positioned to fulfill a range of lifestyle and investment goals.

Local Market Insights

In Donvale, Quiet Listings observed 11 new houses entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $1,572,727. The property type mix of listed properties is predominantly Houses at 69%, followed by land (25%), and apartments (6%). The most active agency for houses in the Donvale area is currently Jellis Craig, representing 73% of new listings. 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.