Prime Corner Allotment with Outstanding Potential - 401m² (Approx.)

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62 Hartington Street, Glenroy VIC 3046

$550,000 - $600,000

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$550k - $578k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 1 Car 401 m²

Listed: 16 hours ago

Overview

This property presents a rare opportunity to acquire a substantial corner allotment in the heart of Glenroy, spanning approximately 401 square metres. The existing residence, featuring four bedrooms and one bathroom, offers a blank canvas for renovators and builders eager to apply their vision and transform the home in line with modern standards and personal tastes.

Its corner location is particularly notable, providing dual street frontages which allow for exciting redevelopment opportunities such as dual driveway access, subject to council approval (STCA). This flexibility enhances the appeal for developers seeking to maximize the land’s potential, whether through renovation, rebuilding, or more significant redevelopment projects.

The property's proximity to key amenities underscores its convenience. It is within walking distance of the Glenroy Train Station and local shopping precinct, including Coles Supermarket, cafés, shops, and various community facilities such as F.D. Mott Reserve and Glenroy Community Hub and Library. The location provides excellent connectivity with public transport links and access to major roads including CityLink and the Western Ring Road, facilitating easy commuting to Melbourne Airport and the central business district.

Overall, 62 Hartington Street is suited to a range of buyers, notably renovators and developers looking for a strategically positioned property with strong potential for capital growth. The versatility of the corner block combined with the promising location makes it a compelling proposition for those looking to invest in Glenroy’s evolving residential market.

Local Market Insights

In Glenroy, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $948,240. The property type mix of listed properties is predominantly Houses at 48%, followed by townhouses (30%), and units (15%). The most active agency for houses in the Glenroy area is currently Stockdale & Leggo, representing 24% of new listings, followed by Ray White with 24%. 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.