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671 Somerton Road, Greenvale VIC 3059

PRICE GUIDE $1,000,000 TO $1,100,000

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$1M - $1.05M Transparent Transparent Listing Based on an openly advertised listing price.

Land 966 m²

Listed: 9 days ago

Overview

This expansive 966 square meter allotment in Greenvale offers a highly flexible opportunity for prospective buyers seeking a blank canvas in a well-established and accessible area of Victoria. With the previous dwelling removed, the site is primed for tailored residential construction or potential multi-dwelling development, subject to council approvals.

Buyers are presented with the chance to design a spacious family home benefiting from ample outdoor areas, ideal for gatherings and recreation, or alternatively to explore subdivision options that cater to developers and investors looking to optimize the land’s use.

Generous land size providing scope for substantial home designs or development projects
Located within a community surrounded by established residences ensuring a stable neighborhood atmosphere
Convenient proximity to key amenities including local schools, shopping centers, parklands, and major transport routes enhances everyday living
Easy access to Melbourne Airport and important arterial roads supports connectivity

This offering suits homeowners eager to build their ideal residence tailored to their lifestyle or developers aiming to capitalize on Greenvale’s growing demand and connectivity. The parcel embodies versatility and potential in a location combining rural tranquility with urban convenience.

Local Market Insights

In Greenvale, Quiet Listings observed 6 new parcels of land entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $981,667. The property type mix of listed properties is predominantly Houses at 74%, followed by land (16%), and townhouses (9%). The most active agency for land in the Greenvale area is currently Ray White, representing 67% of new listings, followed by REAL estate city with 17%. 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.