EPPING | 16-DWELLING DEVELOPMENT OPPORTUNITY

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85 Rufus Street, Epping VIC 3076

Inroom Auction – ISP: $1,749,000 To $1,923,900

Search Band Search Visibility Band

$1.75M - $1.92M Low Confidence Calculated based on limited search observations.

Land 2023 m²

Listed: 3 days ago

Overview

Situated on a substantial 2,023 square meter allotment in Epping, this landholding offers an exceptional opportunity for developers, builders, and investors aiming to embark on a multi-dwelling residential project. Strategically positioned within the Activity Centre Zone – Schedule 1 (ACZ1), the site benefits from established residential surroundings and excellent access to key infrastructure.

The property comes with proposed plans for a 16-townhouse development (permit PLN-42245), though these require review and approval of amendments, offering flexibility for project customization. This presents a compelling development proposition for those looking to capitalize on Melbourne's northern growth corridor.

Epping itself offers a thriving mix of residential and commercial amenities, with major retail hubs such as Pacific Epping Shopping Centre and Costco, as well as access to public transport including Epping Station on the Mernda rail line. Healthcare and education facilities enhance the suburb's liveability, while road links via the Hume Freeway and M80 Ring Road connect residents to broader metropolitan employment centres.

This property is particularly attractive to developers seeking to engage in a sizable project within a matured but expanding location. The combination of generous land size, ready planning documentation, and an established neighborhood environment ensures strong potential for a successful multi-dwelling venture.

Prospective purchasers are recommended to undertake due diligence, including review of relevant permits and authority requirements, with documentation available on request.

Local Market Insights

In Epping, Quiet Listings observed 2 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 $1,372,000. The property type mix of listed properties is predominantly Houses at 48%, followed by townhouses (18%), and commercial properties (18%). The most active agency for land in the Epping area is currently Harcourts, representing 50% of new listings, followed by McGrath Estate Agents with 50%. 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.