Spacious Multi-Occupancy Opportunity in a Prime Moonee Ponds Location

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8A Scotia Street, Moonee Ponds VIC 3039

$1,700,000 - $1,870,000

Search Band Search Visibility Band

$1.7M - $1.79M Transparent Transparent Listing Based on an openly advertised listing price.

Land 5 Cars 795 m²

Listed: 7 days ago

Overview

Set on a substantial 795sqm allotment in the sought-after Moonee Ponds area, this property presents a unique opportunity for multi-occupancy development, appealing to investors and developers aiming to capitalize on its future potential.

The property's generous land size lends itself to versatile development options, featuring thoughtfully arranged multiple residences with practical layouts. Dedicated parking for five vehicles enhances convenience, while landscaped outdoor areas contribute to attractive and functional living environments.

Located in a well-established inner north-west Melbourne suburb, the site offers excellent access to local shops, cafes, public transport, and schools, providing everyday conveniences nearby and a desirable urban lifestyle.

Prospective buyers are offered a sizeable parcel of land with promising development prospects, subject to relevant approvals, making this a compelling choice for those seeking growth and versatility in a prime location.

Substantial 795sqm land area providing scope for development
Proposed multi-occupancy layout with multiple residences
Five dedicated parking spaces supporting practical living needs
Landscaped outdoor areas enhance functionality and appeal
Convenient proximity to local amenities and transport links
Excellent investment or development potential subject to approvals

Local Market Insights

In Melbourne - Inner, Quiet Listings observed 13 new parcels of land entering the market over the last 30 days, down from 17 during the previous 30-day period, with an average advertised asking price of $2,856,846. The property type mix of listed properties is predominantly Houses at 40%, followed by apartments (35%), and townhouses (11%). The most active agency for land in the Melbourne - Inner area is currently Canford Estate Agents, representing 15% of new listings, followed by Buxton Real Estate Group with 15%. 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.