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1&2,/1A High Road, Camberwell VIC 3124

EOI

Search Band Search Visibility Band

$2.2M - $2.3M Medium Confidence Calculated based on our search observations.

Land 736 m²

Listed: 2 days ago

Updated: 19 hours ago

Overview

This significant development site offers a substantial combined landholding of approximately 736 square meters in the highly sought-after Camberwell area. Zoned under General Residential Zone Schedule 5 (GRZ5), the property presents a rare opportunity for developers and astute investors to explore redevelopment options in a prized location.

Currently, the site includes two established residences, each providing two bedrooms and a single bathroom. This existing setup affords flexibility, allowing for potential income generation through leasing while future development plans are considered, or the possibility to retain and enhance the current homes. This blend of immediate usability and future potential appeals especially to developers and investors who value both short-term returns and longer-term capital growth opportunities.

Strategically positioned close to Camberwell Junction, Burke Road, and Hartwell Village, the site provides excellent access to public transport including the Route 72 tram and major roadways such as the Monash Freeway. Additionally, its location within the catchment area for prestigious schools like Camberwell South Primary, Auburn High School, and Canterbury Girls’ Secondary College enhances its attractiveness for residential redevelopment catering to families prioritising education.

Substantial and rare 736sqm combined land parcel
GRZ5 zoning facilitates development potential subject to council approval
Two existing homes providing income or redevelopment flexibility
Prime location near retail, transport, and essential amenities
Well-regarded school zoning enhances family appeal

This unique site balances immediate utility with considerable development upside, making it a compelling proposition for buyers aiming to capitalize on Camberwell’s premium pocket.

Local Market Insights

In Melbourne - Inner East, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, unchanged from 4 in the prior period, with an average advertised asking price of $1,509,750. The property type mix of listed properties is predominantly Houses at 59%, followed by apartments (18%), and townhouses (9%). The most active agency for land in the Melbourne - Inner East area is currently Canford Estate Agents, representing 25% of new listings, followed by Jellis Craig with 25%. 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.