Prime 881m2 Development Opportunity with Potential for Up to Four Dwellings (STCA)

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7 Crescent Street, Noble Park VIC 3174

Buy Now! $930,000 - $980,000

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$930k - $977k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 881 m² 125 m²

Listed: yesterday

Overview

Situated on a sizeable 881m² allotment featuring nearly 20 metres of street frontage, this property represents a valuable development prospect in Noble Park. Its generous land area opens up potential for up to four dwellings to be constructed in a stacked configuration, subject to council approval, allowing developers and investors to explore significant growth opportunities.

The existing home provides a practical and spacious layout with three well-sized bedrooms and a centrally positioned bathroom equipped with both a bathtub and shower. An additional separate toilet and dedicated laundry enhance convenience and functionality for everyday living.

The heart of the home includes a kitchen and meals area complete with ample cabinetry, generous bench space, and gas cooking facilities, supporting everyday family meals and gatherings with ease.

Adding versatility, a rear rumpus room serves as a secondary living area ideal for relaxed family time, children’s activities, or recreational use. Adjacent storage space further complements the home’s utility, while the current accommodation also offers potential rental income as redevelopment plans are explored.

Outdoor spaces are a highlight with a spacious backyard featuring a covered pergola, long driveway, and detached garage, providing abundance of room for both leisure and parking. The property's extensive landholding provides an excellent foundation for future development or alternative residential configurations.

For buyers, whether developers planning multiple units or families looking for a sizable property with upgrade or redevelopment options, this location offers easy access to local schools, shopping, transport, and amenities, all within the established and convenient Noble Park area.

Local Market Insights

In Noble Park, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $803,889. The property type mix of listed properties is predominantly Units at 33%, followed by townhouses (33%), and houses (30%). The most active agency for houses in the Noble Park area is currently McGrath Estate Agents, representing 22% of new listings, followed by Ray White with 22%. 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.