A Prime Development Opportunity on Approximately 700m²!

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418 Camp Road, Broadmeadows VIC 3047

$550,000 - $605,000

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$550k - $578k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 700 m²

Listed: 4 days ago

Overview

This property at 418 Camp Road offers an exceptional opportunity for developers, builders, and investors seeking a substantial landholding in Broadmeadows. Set on approximately 700 square meters, the generous parcel allows for various development possibilities subject to council approval, making it ideal for projects involving multi-dwelling units or other strategic land developments.

The location enhances its appeal, providing convenient access to essential amenities including shopping centers, schools, public transport, and major arterial roads, ensuring excellent connectivity and lifestyle benefits. The existing home features three bedrooms, a bathroom, and a garage, but the emphasis lies on the land's potential to unlock value in a well-established and accessible suburb.

This property suits those looking to capitalize on a prime development site or seeking a strong foothold in the Broadmeadows market. Its substantial allotment and location make it a versatile investment with future growth prospects.

Local Market Insights

In Broadmeadows, Quiet Listings observed 19 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $616,000. The property type mix of listed properties is predominantly Houses at 59%, followed by units (19%), and townhouses (16%). The most active agency for houses in the Broadmeadows area is currently Ray White, representing 32% of new listings, followed by Barry Plant with 16%. 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.