1294-1328 Beattys Road, Grangefields VIC

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1294-1328 Beattys Road, Grangefields VIC 3335

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$29M - $31.9M High Confidence Calculated based on strong search observations.

Land 4 Beds 2 Baths 2 Cars 36.3 acres

Listed: 6 days ago

Overview

This sizeable landholding at 1294-1328 Beattys Road in Grangefields offers a rare opportunity for strategic development within the approved Melton East Precinct Structure Plan (PSP). Spanning approximately 36.25 acres, or 14.61 hectares, the property is ideally positioned within Melbourne's Western Growth Corridor, an area designated for significant urban expansion.

The Melton East PSP is anticipated to support the creation of almost 12,000 new homes, alongside essential amenities including seven schools, multiple parks, and community reserves, setting the stage for a thriving new residential community expected to house over 36,000 residents. This property, with the NSP property number 41, includes dedicated road and waterway reserves, with a net developable area close to 28.28 acres, offering significant potential for urban subdivision.

The location benefits from proximity to established and emerging residential estates such as Thornhill Park, Woodlea, Bridgefields, and New Garden. Access to future infrastructure projects like the Melton Hospital and a major activity and shopping center in Woodlea enhances the appeal for long-term community development. Its positioning roughly 35 minutes from Melbourne CBD and 40 minutes from Melbourne Airport adds to the connectivity for future residents.

This landholding is well suited for developers targeting a substantial residential project within a region experiencing considerable growth and investment. Flexible settlement terms offer an adaptable pathway to acquisition, supporting various investment strategies. The surrounding area's expanding infrastructure and community services reflect a strong foundation for sustained demand, making this an opportunity framed by both strategic foresight and practical location advantages.

Local Market Insights

In Grangefields, Quiet Listings observed 5 new parcels of land entering the market over the last 30 days, down from 10 during the previous 30-day period, with an average advertised asking price of $413,000. The property type mix of listed properties is predominantly Houses at 84%, followed by land (15%), and townhouses (2%). The most active agency for land in the Grangefields area is currently Ancora Property Group, representing 60% of new listings, followed by Mayfair Estate Agents with 40%. 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.