Back 3 Shelley Street
Off Market

3 Shelley Street

Heidelberg Heights VIC 3081

3
1
2
590 m²
House
Last sold for $942,500
Spiros VamvalisSpiros Vamvalis, last sold this property on 14 December 2025 after 480 days on market.

Overview

Turnkey Development Opportunity - Plans, Permits & Rental Income in Place

Peacefully positioned in a convenient locale primed for appreciating prospects, this immediately comfortable home set on a landholding of 594m² (approx.) awaits its next exciting chapter. Offered with endorsed plans and a planning permit for a striking multi-unit development designed by Ikonomidis Design Studio, the groundwork is complete to commence construction and capitalise on this rare opportunity. The approved plans showcase architectural excellence across three thoughtfully designed residences - one three-bedroom plus study townhouse and two two-bedroom plus retreat options - all configured with open-plan ground-floor living and dining flowing to private north-facing courtyards, well-proportioned kitchens, and additional living/retreat spaces upstairs. Unit 1 - 3 Bed + Study | 3 Bath | 2 Car Spaces | 14.75sq Designed for versatility, this home features a ground-floor bedroom perfect for downsizers or guests, open-plan living and dining, a full walk-in laundry, and a master suite with walk-in robe and ensuite upstairs. Two car spaces complete the picture, offering a well-rounded option for buyers seeking space and functionality. Unit 2 - 2 Bed + Retreat | 2 Bath | Garage | 15sq Spacious and well-proportioned, this home stands out for its larger-than-average bedrooms, generous outdoor space, and upstairs retreat that can easily convert into a third bedroom. A clever design that provides flexibility and room to grow, making it ideal for couples or small families. Unit 3 - 2 Bed + Retreat | 2 Bath | Garage | 16sq With a huge private outdoor area and a rear aspect for added privacy, this home combines open meals/kitchen living with a separate laundry and the option to transform the upstairs retreat into a third bedroom. A perfect balance of indoor and outdoor living in a quiet position. Currently occupying the site is a three-bedroom home leased for $525 per week, ensuring a rental return while you prepare for construction. Calendar Monthly - $2,281 PM (approx) Yearly Rent - $27,375 (approx) Surrounded by sought-after amenities including Rosanna Village and train station, Burgundy Street grocers and eateries, Northland Shopping Centre, Austin Hospital's major medical precinct, La Trobe University, and easy arterial access including the North East Link under construction, this property offers both a premium lifestyle and a smart development opportunity in a rapidly evolving location.

Features

3 bedrooms
1 bathroom
2 carspaces
2 open car spaces
590 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Heidelberg Heights over the last 12 months, the estimated median property value of 3 Shelley Street is $901.5k.

Median value
$901.5k
Estimated value range
$745k - $1.25m
Median days on market
32
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Heidelberg Heights. 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 3 Shelley Street

2025
Sold
$942,500
14 Dec 2025 by Spiros Vamvalis, of Collings Real Estate
2024
Rented
Undisclosed
Leased on 17 Dec 2024 by Jellis Craig Ivanhoe
2023
Rented
Undisclosed
Leased on 30 Nov 2023 by Jellis Craig Ivanhoe

Happy sellers in Heidelberg Heights

86%
86% of sellers in Heidelberg Heights reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 10 reviews in Heidelberg Heights over the last 12 months.

Local market activity for 3 bedroom houses in Heidelberg Heights

In the last 12 months, 31 three-bedroom houses similar to 3 Shelley Street, have been sold.

This represents a 38% increase in three-bedroom houses sales when compared to the previous 12 months.

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