PREMIUM DEVELOPMENT OPPORTUNITY – 20 APPROVED LOTS ON 1.05HA

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312 - 320 Greigs Road, Rockbank VIC 3335

$3,900,000 - $4,100,000

Search Band Search Visibility Band

$3.9M - $4.1M Transparent Transparent Listing Based on an openly advertised listing price.

Land 2.59 acres

Listed: 1 hour ago

Overview

This substantial 1.05-hectare landholding in Rockbank offers a rare development prospect for professionals in the residential property sector. Strategically located within Melbourne's fast-growing western corridor, the parcel carries approved subdivision plans for 20 residential lots, giving developers a valuable foundation to deliver diverse housing options.

Spanning approximately 2.59 acres, the land allows flexibility with a two-stage subdivision layout comprising allotments of varying sizes. Surrounded by both established and emerging residential communities, it benefits from seamless access to key transport routes including Rockbank Train Station and the Western Freeway, as well as local amenities.

For builders and investors, this opportunity represents an entry into a market with ongoing demand supported by proximity to schools, childcare, parks, wetlands, and medical facilities within walking or short commuting distance. The location, approximately 21 kilometers from Melbourne's CBD, combines convenient accessibility with lifestyle appeal, supporting a range of future residential development endeavors.

Overall, this land is ideal for experienced developers seeking an approved subdivision in a dynamic growth area, underpinning the potential to create a boutique residential community with strong market prospect.

Local Market Insights

In Rockbank, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, down from 8 during the previous 30-day period, with an average advertised asking price of $900,000. The property type mix of listed properties is predominantly Houses at 81%, followed by land (17%), and townhouses (2%). The most active agency for land in the Rockbank area is currently Ancora Property Group, representing 43% of new listings, followed by Mayfair Estate Agents with 29%. 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.