A Rare Corner Opportunity with Outstanding Views!

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9 Melaleuca Street, Elliminyt VIC 3250

$295,000 - $320,000

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$295k - $310k Transparent Transparent Listing Based on an openly advertised listing price.

Land 785 m²

Listed: 27 days ago

Overview

9 Melaleuca Street presents a rare opportunity to acquire a premium corner parcel of land in the desirable Scanlan Estate of Elliminyt. Occupying an elevated 785 square meter allotment directly opposite a park, the position offers expansive views across Colac, underscoring its appeal for a visionary buyer looking to build in a quality established street.

This allotment is the last remaining undeveloped building block in Melaleuca Street, a neighborhood characterized by well-constructed family homes. With existing backyard fencing and essential services already in place, this site streamlines the path to development, helping reduce preliminary setup and planning hurdles.

The versatility of the land caters to multiple development options, including a spacious family home, dual occupancy, or even a triplex, subject to council approval. Its elevated corner frontage coupled with a park-side setting enhances design possibilities and potential street appeal, making it especially attractive for investors, developers, or homeowners seeking a standout location.

Located just a five-minute drive from Colac's town center, the parcel enjoys convenient access to a wide range of amenities such as shopping, dining, schools, and sporting facilities. This balance between peaceful residential surroundings and urban convenience adds to the property's lifestyle appeal.

Overall, 9 Melaleuca Street offers an exceptional development canvas in a sought-after, established precinct, providing a solid foundation for your next project with exciting prospective returns and lifestyle benefits.

Local Market Insights

In Elliminyt, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $310,000. The property type mix of listed properties is predominantly Houses at 80%, followed by land (20%). The most active agency for land in the Elliminyt area is currently Hayeswinckle, representing 33% of new listings, followed by One Agency with 33%. 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.