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262-264 Hawthorn Road, Caulfield VIC 3162

$4,500,000 - $4,950,000

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$4.5M - $4.73M Transparent Transparent Listing Based on an openly advertised listing price.

House 7 Beds 3 Baths 6 Cars 1256 m² 280 m²

Listed: 3 days ago

Updated: 21 hours ago

Overview

This expansive property at 262-264 Hawthorn Road in Caulfield offers a significant development opportunity, boasting a combined land area of approximately 1,256 square meters and an impressive 31.5-meter frontage to Hawthorn Road. With two adjoining titles and existing dwellings, it presents potential for immediate holding income as well as flexible redevelopment, subject to council approval under the General Residential Zone Schedule 2 (GRZ2).

The property's generous dimensions and strong street presence make it ideal for developers, investors, and builders aiming to capitalise on a prime metropolitan location. The existing spacious accommodation includes seven bedrooms, three bathrooms, and parking for six vehicles, offering functional versatility during the development process.

Located within the heart of Caulfield, the property benefits from proximity to public transport options including Hawthorn Road trams, and access to vibrant shopping and dining precincts along Glen Huntly Road. Leading schools and parklands in the vicinity further enhance the liveability and appeal for future residents.

This rare site balances the potential for substantial redevelopment with the convenience of holding income and excellent connectivity to Melbourne's CBD, making it a compelling choice for those looking to invest in a sought-after, well-established community with strong local demand for residential accommodation.

Approximate measurements have been provided; interested purchasers are advised to conduct their own investigations to verify all details.

Local Market Insights

In Caulfield, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $2,408,333. The property type mix of listed properties is predominantly Houses at 46%, followed by townhouses (38%), and apartments (15%). The most active agency for houses in the Caulfield area is currently Marshall White, representing 33% of new listings, followed by Jellis Craig with 17%. 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.