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242 Manningham Road, Templestowe Lower VIC 3107

$890,000 - $975,000

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$890k - $935k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 2 Cars 651 m²

Listed: 19 hours ago

Overview

Situated on a generous 651sqm parcel with an expansive 20.4m frontage, this mid-century house offers a distinct opportunity for renovators, developers, and families in the thriving Templestowe Lower area. Its location within the coveted Residential Growth Zone Schedule 2 positions the site for potential redevelopment or increased housing density, aligning with modern urban planning and lifestyle trends.

The existing home, characteristic of 1970s design, includes three well-sized bedrooms with built-in robes and a master suite featuring a walk-in robe and ensuite. Its split-level, north-facing living area maximizes natural light, enhanced by a gas heater for comfort and a separate dining zone equipped with air conditioning to suit a variety of living needs. The kitchen stands out with a walk-in pantry and adjoining sunlit meals area, combining practicality with everyday comfort.

This property caters well to those seeking a dynamic living environment or an investment with future growth potential. The wide frontage, elevated north aspect, and distant city views create a compelling setting for future renovations or redevelopment projects, while the existing residence provides a move-in-ready option or rental opportunity in the interim.

Wide entry foyer welcoming guests and residents
Split-level living space enhancing spatial flow and natural light
Functional kitchen with walk-in pantry and sunny meals area
Three double bedrooms ensuring family comfort
Covenanted Residential Growth Zone which encourages higher density living options
Generous frontage and elevated position maximizing light and outlook

This property engages both renovators seeking a solid foundation to enhance and personalize, and developers or investors attracted to premier growth zoning with strong future value prospects. Its blend of classic design, prime land, and location makes it a versatile asset in the Templestowe Lower market.

Local Market Insights

In Templestowe Lower, Quiet Listings observed 14 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $1,285,714. The property type mix of listed properties is predominantly Houses at 74%, followed by units (11%), and townhouses (11%). The most active agency for houses in the Templestowe Lower area is currently Jellis Craig, representing 57% of new listings, followed by Harcourts with 14%. 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.