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Back 1494 North Rd
Off Market

1494 North Rd

Clayton VIC 3168

1596 m²
Land
Last sold for $3,600,000
Tony CheTony Che, last sold this property on 30 October 2025 after 63 days on market.

Overview

Landmark Approved Development – 1494–1496 North Road, Clayton

This landmark site presents a truly unique chance to secure one of Clayton’s most tightly held development opportunities. Situated directly opposite Monash University and only minutes from Monash Medical Centre, this substantial double allotment of approx. 1,576sqm is zoned Residential Growth Zone (RGZ3) and comes with endorsed plans and permits for a premium student accommodation development. Perfectly positioned only moments from Monash University and the future Suburban Rail Loop (SRL) Clayton Station, this project is ready to capitalise on one of Melbourne’s strongest growth corridors. Key Development Highlights: • Endorsed Plans & Permits – ready for immediate transformation • 5-Level Building + Basement designed by Alta Architecture • 93 student accommodation rooms, thoughtfully planned for comfort and functionality • Secure basement parking for 31 cars with car stackers, plus ample bicycle storage • Communal lifestyle facilities including study zones, lounge areas, shared kitchens and landscaped outdoor terraces • Prime location – across the road from Monash University Clayton Campus, close to Monash Medical Centre, Clayton Shopping Village and transport • Within 500m of the future Suburban Rail Loop (SRL) Clayton Station, delivering unparalleled connectivity across Melbourne • Future Upside: Potential 27m (7–8 storeys) building height allowance, subject to gazettal of the current Draft SRL East Structure Plan – Clayton (STCA) With a strategic position in Melbourne’s premier education, health and research precinct, this site offers developers and investors a rare, shovel-ready project. The combination of RGZ3 zoning, approved plans for 93 rooms + 31 car parks, and direct proximity to Monash University ensures long-term rental demand and significant investment upside. Photo ID required at all open for inspections. Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Features

1596 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Clayton over the last 12 months, the estimated median property value of 1494 North Rd is $820k.

Median value
$820k
Estimated value range
$306.7k - $3.6m
Median days on market
119
Estimated value trend
-31%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Clayton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1494 North Rd

2025
Sold
$3,600,000
Private Sale/Treaty on 30 Oct 2025 by Tony Che, of Professionals First & Co.
2019
Sold
$3,500,000
Auction Sale on 17 Aug 2019 by Con Katos, of Century 21 Property Group - Clayton

Happy sellers in Clayton

92%
92% of sellers in Clayton reported that their sale price either exceeded or met their price expectations.

Clayton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Clayton over the last 12 months.

Local market activity for land plots in Clayton

In the last 12 months, 4 land plots similar to 1494 North Rd, have been sold.

This represents a 400% decrease in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Clayton

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Ethan He

Sellers who recommend Ethan He have praised them for being clear communication, local expert, reliable, dedicated, responsive, trustworthy and hard-working

  •   5   (132 reviews)
  •  3 Reviews in Clayton
  •  51 Sales in Clayton
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Tony Che

Tony Che is a recommended agent for Clayton.  They have 8 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (109 reviews)
  •  3 Reviews in Clayton
  •  8 Sales in Clayton
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Dennis Shi

Dennis Shi is a recommended agent for Clayton.  They have 5 local sales and collected 2 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  2 Reviews in Clayton
  •  5 Sales in Clayton
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Max Turner

Sellers who recommend Max Turner have praised them for being clear communication, local expert, friendly, hard-working, supportive and reliable

  •   5   (48 reviews)
  •  2 Reviews in Clayton
  •  1 Sale in Clayton
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