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47 Kidgell Street, Lilydale VIC 3140

$900,000 - $990,000

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$900k - $945k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 966 m²

Listed: 6 hours ago

Overview

Located in one of Lilydale's most accessible areas, this substantial land parcel of approximately 966sqm offers significant development potential, framed by a generous 19.5-metre frontage and level terrain. Zoned Residential Growth Zone Schedule 1, it allows for increased housing density under the guidance of the Design and Development Overlay, making it ideal for builders, developers, or investors looking to capitalize on zoning flexibility.

The site currently includes a dwelling that has suffered fire damage and is uninhabitable, underscoring that the sale primarily focuses on the land's value and possibilities. This flat and spacious block is well-suited for a multi-dwelling townhouse project or a custom-designed family home, subject to council approvals.

Strategically positioned, the property benefits from proximity to key local amenities such as Lilydale Train Station, Lilydale Lake, playgrounds, the Marketplace Shopping Centre, and the vibrant shops and eateries of Main Street. It also enjoys convenient access to educational facilities including Victoria Road Primary School and Lilydale High School, as well as major transport routes including Eastlink, enhancing connectivity.

This offering presents a rare opportunity to secure prime RGZ1 land near the town centre. Prospective buyers are encouraged to undertake their own investigations concerning planning and development potential with Yarra Ranges Council to fully appreciate the possibilities this property holds.

Local Market Insights

In Lilydale, 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 $886,053. The property type mix of listed properties is predominantly Houses at 79%, followed by commercial properties (8%), and units (4%). The most active agency for houses in the Lilydale area is currently Barry Plant, representing 32% of new listings, followed by Jellis Craig with 26%. 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.