Prime Development Opportunity â Approved Plans for 8 Luxury Townhouses!

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44 Murray Crescent, Rowville VIC 3178

$2,300,000 To $2,500,000

Search Band Search Visibility Band

$2.3M - $2.4M High Confidence Calculated based on strong search observations.

Land 4 Beds 2 Baths 2 Cars 1992 m²

Listed: 2 days ago

Overview

This exceptional development opportunity at 44 Murray Crescent, Rowville, offers a substantial land parcel of approximately 1,992 square meters with approved plans for eight luxury townhouses. The existing plan features townhouses with four bedrooms and three bathrooms each, catering well to modern family needs and lifestyle demands.

The significant land size presents excellent scope for developers and investors alike, offering a streamlined progression to the next development stages due to the pre-approved plans. This reduces uncertainty and time-consuming regulatory approvals, making it an appealing prospect for experienced builders and investors seeking a ready project in a desirable residential location.

Positioned within the established and highly sought-after suburb of Rowville, the site benefits from proximity to a range of schools, shopping facilities, parks, and recreational amenities, supporting a quality community lifestyle. The townhouses are designed with future resale or rental income potential in mind, facilitating both portfolio growth and capital gains.

Additional highlights include secure parking with two garage spaces allocated per townhouse, enhancing convenience for residents. The broad scope to build multiple dwellings on one sizeable site makes this opportunity unique in scale and readiness, marking it as a prime investment and development project in Victoria’s residential market.

Local Market Insights

In Melbourne - Outer East, Quiet Listings observed 15 new parcels of land entering the market over the last 30 days, up from 12 during the previous 30-day period, with an average advertised asking price of $1,915,933. The property type mix of listed properties is predominantly Houses at 72%, followed by units (12%), and townhouses (9%). The most active agency for land in the Melbourne - Outer East area is currently Jellis Craig, representing 27% of new listings. 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.