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1 Bessemer Street, Springvale VIC 3171

Private Sale: $1,100,000 - $1,200,000

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$1.1M - $1.16M Transparent Transparent Listing Based on an openly advertised listing price.

Land 703 m²

Listed: 3 days ago

Updated: 4 hours ago

Overview

This impressive 703 square meter corner allotment presents a unique and commanding opportunity for developers, investors, and builders in the thriving suburb of Springvale Central. Its substantial combined street frontage of approximately 57.5 meters offers exceptional flexibility for architectural design and access options, making it ideally suited for a variety of residential development projects subject to council approval.

Positioned within the sought-after Housing Choice and Transport Zone, the site offers potential for multi-dwelling configurations including contemporary townhouses or multi-level apartments, enhancing its appeal for high-density residential developments. The completely flat, cleared land with no trees provides an ideal blank canvas, accelerating the development process with no existing structures requiring demolition.

With its prime corner location in the heart of Springvale, the property offers not only substantial development possibilities but also outstanding convenience. It is within walking distance to Springvale Village, the Springvale Train Station, local markets, eateries, specialty shops, schools, medical centres, and parklands, enhancing the lifestyle appeal for future residents. Excellent regional connectivity via Princes Highway, Monash Freeway, and EastLink further adds to its long-term investment value.

Spacious 703 m² vacant allotment on a prominent corner position.
Combined street frontage of approximately 57.5m enabling versatile development layouts.
Located in the Housing Choice and Transport Zone allowing higher-density residential possibilities.
Flat site with no vegetation for ease of construction.
Ideal for landmark multi-dwelling or townhouse projects (subject to council approval).
Immediate commencement of development possible with no existing buildings to remove.
Exceptional local amenities and transportation links nearby, enhancing resident convenience and investment potential.

This property is perfect for experienced developers or astute investors seeking to unlock strategic development potential in one of Melbourne’s vibrant suburbs. The combination of size, location, and zoning offers an unparalleled opportunity to create a significant residential project that meets the demands of a growing community.

Local Market Insights

In Melbourne - South East, Quiet Listings observed 61 new parcels of land entering the market over the last 30 days, unchanged from 61 in the prior period, with an average advertised asking price of $840,622. The property type mix of listed properties is predominantly Houses at 68%, followed by townhouses (11%), and units (10%). The most active agency for land in the Melbourne - South East area is currently Ancora Property Group, representing 41% 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.