67 Norma Crescent
Knoxfield, VIC 3180

Overview

67 Norma Crescent, Knoxfield VIC 3180

An exceptional and rare development opportunity is available at 67 Norma Crescent, Knoxfield, featuring a substantial landholding of approximately 1,095 square meters with full Town Planning Permit approval for three large stand-alone homes. This opportunity is increasingly difficult to find, especially with all major council approvals, reports, and documentation already completed, allowing the new owner to proceed directly to building permit and construction.

This shovel-ready project is ideal for developers, builders, and investors, eliminating the usual time, uncertainty, and costs associated with the planning approval process. Instead of waiting years for council decisions, the buyer can take over a fully prepared and endorsed development and focus immediately on construction and project delivery.

The approved development is designed specifically for the owner-occupier family market rather than small investor units, significantly increasing resale appeal, long-term rental demand, and overall project value. The plans allow for three spacious double-storey homes, each offering generous proportions, privacy, and its own fenced land, with no body corporate, making them far more attractive to buyers.

Each proposed residence includes four bedrooms, three to three-and-a-half bathrooms, double garages, large open-plan living areas, private landscaped gardens, and modern family layouts. Selected homes also incorporate home office space, reflecting current buyer demand for flexible living environments. High-quality design features include 2.7-meter high ceilings in living areas, bicycle storage, and modern landscaping, ensuring strong appeal in the Knoxfield family market.

The proposed dwelling sizes are generous and thoughtfully designed:

• Townhome 1: approximately 208.7 square meters building area on approximately 385 square meters of land
• Townhome 2: approximately 188.8 square meters building area on approximately 264 square meters of land
• Townhome 3: approximately 191.3 square meters building area on approximately 287 square meters of land

These are true stand-alone homes rather than compact townhouses, which typically achieve stronger resale values and higher buyer interest.

Based on current market expectations, projected resale values are approximately:

• Townhome 1: $1.50 million to $1.55 million
• Townhome 2: $1.45 million to $1.50 million
• Townhome 3: $1.35 million to $1.40 million

High-end construction quotes obtained by the current owner range between $1.4 million and $1.5 million, with the higher estimate including landscaping works. These figures are indicative only, and buyers must conduct their own due diligence.

One of the key advantages of this project is the extensive development documentation already completed. This includes endorsed architectural drawings, arborist report, geotechnical soil testing, engineering drawings, drainage and paving plans, sustainable design assessment, council-approved landscaping plans, and South East Water approvals. Permit reference "P/2017/6304" confirms the approved development status.

The endorsed design also incorporates modern sustainability features including 5,000-liter rainwater tanks for each dwelling, water reuse systems, double-glazed windows, energy-efficient heating and cooling provisions, and LED lighting throughout. These elements increase buyer appeal and reduce long-term running costs.

While organizing construction, the property also provides immediate holding income with the existing dwelling currently generating approximately $2,672 per month ($32,064 per year). The tenancy is currently month-to-month, offering flexibility for developers preparing to commence building.

The site itself provides strong development confidence. Soil testing indicates suitability for double-storey construction with conventional residential footings. Services and infrastructure have been assessed, and there are minimal tree constraints, helping reduce potential construction surprises.

Location is another key strength. Knoxfield continues to attract strong buyer demand from families and professionals due to its convenient lifestyle and connectivity. The property is located close to Westfield Knox Shopping Centre, EastLink freeway access, Burwood Highway, Stud Road, local parks, walking tracks, and quality schools including St Andrews College, with Swinburne University Wantirna Campus nearby.

Modern four-bedroom homes in Knoxfield consistently attract growing families, first-home buyers upgrading into new homes, downsizers seeking low-maintenance living, and investors looking for quality tenants. Stand-alone homes like those approved for this site typically outperform smaller attached townhouses in both rental returns and resale value.

Development sites of this scale with permits approved, subdivision completed, and full documentation prepared are extremely rare. Most projects require years of planning and uncertainty; this one is ready to move forward immediately.

This is a genuine turn-key development opportunity in one of Knoxfield's growing residential pockets.

Disclaimer: All sizes, construction costs, and resale figures are approximate projections only. Buyers must conduct their own due diligence and not rely solely on the information provided. The agent takes no responsibility for accuracy or future outcomes.

Location