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25 Mountainview Road, Nunawading VIC 3131

$1,600,000 - $1,750,000

Search Band Search Visibility Band

$1.6M - $1.7M High Confidence Calculated based on strong search observations.

House 7 Beds 3 Baths 12 Cars 1556 m²

Listed: yesterday

Overview

Positioned within a tranquil family neighborhood, this expansive 1,556sqm level land parcel offers a rare and substantial opportunity for development and investment. Its generous size and flat terrain lend themselves naturally to multiple development options, from multi-unit projects and terrace-style townhouses to subdivision for several sizeable family residences, subject to approval.

The existing gardens and classic character of the property provide a solid foundation while allowing for modern redevelopment or enhancement. Surrounded by mature landscaping, the site strikes a balance between serene privacy and accessibility.

This property is strategically nestled close to a comprehensive selection of local amenities. Prestigious educational institutions such as Whitehorse Primary School, St Philip's School, Nunawading Christian College (both primary and secondary), and numerous others are within walking distance, making it ideal for families prioritizing quality schooling options.

Transport and retail conveniences are equally accessible, ensuring a convenient lifestyle. The ease of access to multiple reputable schools and shops enhances the location’s desirability.

Overall, this landholding is an exceptional proposition tailored to developers, investors, or those seeking a significant parcel to build multiple residences in a highly sought-after suburb. The property presents a well-positioned asset within a steady growth corridor, supported by its proximity to quality educational institutions and established local infrastructure.

Local Market Insights

In Nunawading, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 23 during the previous 30-day period, with an average advertised asking price of $1,206,619. The property type mix of listed properties is predominantly Houses at 55%, followed by units (16%), and townhouses (16%). The most active agency for houses in the Nunawading area is currently Jellis Craig, representing 38% of new listings, followed by Ray White with 19%. 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.