Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

139 Dorset Road, Boronia VIC 3155

$960,000 - $1,020,000

Search Band Search Visibility Band

$960k - $1.01M Transparent Transparent Listing Based on an openly advertised listing price.

Townhouse 4 Beds 2 Baths 2 Cars 1011 m²

Listed: 16 days ago

Overview

This exceptional development site presents a unique opportunity for builders, developers, and investors eager to capitalize on a multi-dwelling project with plans and permits for three modern townhouses already in place. Situated on a generous 1011 sqm land parcel in the sought-after suburb of Boronia, the property streamlines the development process, allowing buyers to bypass initial planning stages and rapidly progress toward construction.

The existing home benefits from solid rental income, currently leased at $2346 per calendar month until February 2027, providing immediate returns as you prepare for development. This blend of investment income and development potential makes it particularly appealing to seasoned builders seeking a turnkey project or investors aiming to unlock the value inherent in multi-dwelling zoning.

Four bedrooms and two bathrooms provide substantial living space, promising comfortable accommodation for future residents.
Two dedicated parking spaces ensure convenience and appeal to prospective townhouse buyers.
The included permits and plans for three townhouses respond to the increasing local demand for contemporary townhouse living in Victoria's vibrant residential market.

Located at 139 Dorset Road, Boronia, this opportunity merges location, size, and pre-approved development potential, making it a compelling choice for those ready to embark on a progressive property endeavor. Buyers are advised to conduct their own due diligence regarding development details and permit status to align the project with their investment goals.

Local Market Insights

In Boronia, Quiet Listings observed 12 new townhouses entering the market over the last 30 days, with an average advertised asking price of $784,000. The property type mix of listed properties is predominantly Houses at 44%, followed by townhouses (35%), and units (21%). The most active agency for townhouses in the Boronia area is currently Ray White, representing 50% 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.