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8 Sydney Street, Albion VIC 3020

$800,000 - $880,000

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$800k - $840k Transparent Transparent Listing Based on an openly advertised listing price.

Land 834 m²

Listed: 19 hours ago

Overview

Located on a generously sized 834 square meter parcel of cleared land, this property presents a compelling opportunity for developers, investors, and homeowners seeking a prominent foothold in the established residential area on the border of Albion and Sunshine.

The land offers an approximately 18-meter frontage coupled with a 46-meter depth, yielding a practical and versatile canvas. Previously the site of a seven-unit apartment block, its cleared and open state allows immediate exploration of multi-dwelling possibilities, stylish townhouse developments, or a spacious family residence, subject to council approval.

Strategically positioned, the block provides convenient access to two nearby train stations, ensuring a swift connection to the city and beyond. Local amenities are within easy reach, including Sunshine Marketplace as well as the vibrant town centre, boasting a variety of shops, cafes, and parks such as Selwyn Park. Nearby educational facilities like Albion Primary School and Victoria University enhance the appeal for families and students alike.

Excellent connectivity via major thoroughfares such as Ballarat Road and the Western Ring Road facilitates seamless commuting and weekend excursions.
The neighbourhood is experiencing steady growth, indicating rising potential for investment value over time.

This land parcel stands out not only for its size and location but also for its readiness to accommodate ambitious residential projects. Whether envisaging a landmark family home with abundant outdoor space or a multi-unit development, this site offers a promising foundation with room to grow.

Local Market Insights

In Albion, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $946,000. The property type mix of listed properties is predominantly Houses at 57%, followed by townhouses (16%), and units (11%). The most active agency for land in the Albion area is currently Buxton Real Estate Group, representing 20% of new listings, followed by Fitzroys with 20%. 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.