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35 Charles Street, Mooroolbark VIC 3138

$785,000 - $860,000

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$785k - $824k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 865 m²

Listed: 3 hours ago

Overview

This property at 35 Charles Street in Mooroolbark presents a compelling opportunity, primarily for builders, developers, and investors drawn to its promising land and development potential. The site sits on an expansive 865 square metre block in a well-regarded and central location, allowing for a potential four-dwelling development, subject to council approval, offering significant scope to create a bespoke residential project.

While the existing three-bedroom, one-bathroom dwelling is currently uninhabitable, the value lies in the land itself, ideally positioned within walking distance of essential amenities including Mooroolbark Train Station, shopping precincts, cafes, and restaurants. The proximity to schools, parks, sporting facilities and medical services provides a balanced lifestyle for future residents or buyers.

The property is zoned under General Residential Zone Schedule 1 and is subject to Design and Development Overlay Schedule 8, framing the planning context and development opportunities. This zoning encourages thoughtful redevelopment that complements the established character of the area while fostering residential growth.

The surrounding region further enhances appeal, with major shopping centres within easy driving distance and the renowned wineries and golf courses of the Yarra Valley close by, adding a recreational and lifestyle drawcard to the location.

Overall, this parcel offers a strategic site for a development venture with strong access, lifestyle amenities, and the ability to shape new residential offerings in the heart of Mooroolbark.

Local Market Insights

In Mooroolbark, Quiet Listings observed 19 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $925,526. The property type mix of listed properties is predominantly Houses at 73%, followed by townhouses (12%), and units (8%). The most active agency for houses in the Mooroolbark area is currently Jellis Craig, representing 42% of new listings, followed by Fletcher's Real Estate Wollongong with 21%. 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.