33 & 35 Gatcum Court, Noble Park VIC 3174

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33 & 35 Gatcum Court, Noble Park VIC 3174

$695,000 - $749,000

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$695k - $730k Transparent Transparent Listing Based on an openly advertised listing price.

Land 286 m²

Listed: 1 hour ago

Overview

This exceptional property presents a rare opportunity to acquire two titled, vacant land blocks situated side-by-side at 33 and 35 Gatcum Court in Noble Park. The combined land area of approximately 286 square meters offers a solid foundation for residential development with subdivision complete and council-approved townhouse plans already in place, significantly reducing the time and risk typically associated with such projects.

The approved design envisions the construction of two modern double-storey townhouses, each offering approximately 15 squares of living space, thoughtfully planned to feature three bedrooms, two bathrooms, and three toilets. A key advantage of this project is the absolute independence of each dwelling, boasting separate street numbers and private driveways with zero shared access, affording buyers the flexibility to develop, sell individually, or retain one or both properties.

Located in a peaceful, low-traffic cul-de-sac, this land offers an attractive setting that is well-suited for families or investors looking to capitalize on a highly sought-after lifestyle precinct. Residents will benefit from close proximity to essential amenities, including local schools, parks, shops, and convenient public transport links such as Noble Park Station just a short drive away, providing ease of commute and connectivity.

Ready to Build: Two titled blocks with approved plans and permits.
Thoughtful Design: Modern double-storey townhouses optimized for functional family living.
Complete Independence: Separate street numbers and private driveways ensure privacy and flexibility.
Convenient Location: Access to transport, schools, and shopping precincts within minutes.

Estimated resale values for each completed townhouse are projected between $785,000 and $850,000, complemented by attractive rental returns expected to be approximately $650 to $700 per week. This investment represents a compelling prospect for developers or savvy purchasers seeking strong capital growth and income, coupled with the security of reduced development risk thanks to the property's ready-to-build status.

Local Market Insights

In Melbourne - South East, Quiet Listings observed 62 new parcels of land entering the market over the last 30 days, unchanged from 62 in the prior period, with an average advertised asking price of $678,313. The property type mix of listed properties is predominantly Houses at 67%, followed by units (10%), and townhouses (10%). The most active agency for land in the Melbourne - South East area is currently Ancora Property Group, representing 31% of new listings. 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.