A Prime Development Opportunity with Approved Plans

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373 Highbury Road, Burwood VIC 3125

$1,450,000 - $1,550,000

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$1.45M - $1.52M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 1128 m² 166 m²

Listed: 22 hours ago

Overview

Set on an expansive 1,128 square meter allotment, this property represents a remarkable development prospect in the heart of Burwood. With an existing planning permit to build three sizeable townhouses, it offers developers and investors a significant advantage and a solid foundation to capitalize on in a sought-after location.

The site has been cleared in accordance with council-approved plans, providing a hassle-free canvas ready for immediate project commencement or the freedom to explore customized designs, subject to approvals. This flexibility appeals to those seeking to actualise tailored development aspirations within an excellent neighborhood framework.

Positioned for convenience, it stands within easy walking distance of Burwood East's retail amenities and tram links, enhancing connectivity for residents. The proximity to reputable educational institutions such as Deakin University, Presbyterian Ladies' College (PLC), Wesley College, and zoning in the prestigious Mount Waverley Secondary College catchment adds to the location’s desirability for families and academics alike.

Large 1,128 sqm site providing development scale and opportunity
Planning permit in place for three substantial townhouses, expediting development process
Option to proceed with approved townhouse plans or design bespoke dwellings
Site cleared according to permits to facilitate swift start
Strategically located near shopping, tram services, and quality schools enhancing lifestyle & investment potential

This offering suits developers and astute investors keen to leverage a prime site with strategic approvals in Burwood. The blend of location, size, and planning flexibility creates a rare prospect to secure a foothold in one of Melbourne's well-regarded precincts.

Local Market Insights

In Burwood, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $1,473,889. The property type mix of listed properties is predominantly Houses at 62%, followed by townhouses (10%), and apartments (10%). The most active agency for houses in the Burwood area is currently Ray White, representing 33% of new listings, followed by Buxton Real Estate Group with 22%. 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.