Back 152-154 Dorset Road
Off Market

152-154 Dorset Road

Croydon VIC 3136

4
2
2
1840 m²
House
Kappa PugalendranKappa Pugalendran, last sold this property on 31 May 2024 after -53 days on market.

Overview

Prime Development Opportunity: Expansive Property With Plans and Permits approved for 6 townhouses

Introducing an unparalleled development opportunity within the real estate market: a generously sized 1,840 square meter (approx.) property featuring a four-bedroom house, complemented by existing plans and permits. This offering presents an extraordinary chance for builders, developers, and discerning investors to promptly capitalize on.Nestled at the esteemed upper echelon of Dorset Road in Croydon, this property showcases an expansive double frontage spanning approximately 36.7 meters along Dorset Road, affording remarkable potential for a multi-unit development alongside breathtaking mountain vistas. Positioned within one of the most coveted locales, it offers seamless access to essential amenities and infrastructure. Conveniently situated less than a 5-minute drive from Croydon and Mooroolbark train stations, with bus stops lining Dorset Road for easy commuting to Melbourne. Moreover, swift access to Maroondah Highway and EastLink further amplifies the property's allure.Beyond its exceptional development prospects, this extensive land parcel also features a family home ripe for enhancement through cosmetic renovations. As an astute investment, immediate tenancy is achievable. Notable attributes of the existing residence encompass four bedrooms with built-in robes, a spacious lounge, family room, formal dining area, rumpus room, laundry facilities, linen cupboards, pantry, two split systems for climate control, double garage, and outdoor amenities including decking and a pergola for leisurely pursuits.This property epitomizes a rare opportunity for individuals seeking to leverage a premium development site, bolstered by pre-existing plans and permits, all within a highly sought-after locale.

Features

4 bedrooms
2 bathrooms
2 carspaces
1840 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Croydon over the last 12 months, the estimated median property value of 152-154 Dorset Road is $1.13m.

Median value
$1.13m
Estimated value range
$840k - $2.31m
Median days on market
25
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Croydon. 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 152-154 Dorset Road

2024
Sold
Undisclosed
Private Sale/Treaty on 31 May 2024 by Kappa Pugalendran, of Zed Real Estate
2024
Sold
Undisclosed
Private Sale/Treaty on 31 May 2024 by Kappa Pugalendran, of Zed Real Estate
2021
Sold
$1,685,000
Private Sale/Treaty on 26 Oct 2021 by Narender Kumar, of Area Specialist Casey

Happy sellers in Croydon

84%
84% of sellers in Croydon reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 51 reviews in Croydon over the last 12 months.

Local market activity for 4 bedroom houses in Croydon

In the last 12 months, 100 four-bedroom houses similar to 152-154 Dorset Road, have been sold.

This represents a 1% increase in four-bedroom houses sales when compared to the previous 12 months.

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