RateMyAgentGo to search
Back 328 Diamond Creek Road
Off Market

328 Diamond Creek Road

Diamond Creek VIC 3089

5
3
11410 m²
House
Last sold for $2,900,000
Aaron YeatsAaron Yeats, last sold this property on 25 August 2026 after 97 days on market.

Overview

Permit Approved Development Opportunity – 11 Lot Subdivision

EXPRESSIONS OF INTEREST CLOSING THURSDAY 10TH SEPTEMBER AT 1PM (UNLESS SOLD PRIOR) Jellis Craig. Set across an expansive landholding of approximately 1.14 hectares (11,413sqm), this exceptional property represents a rare and highly sought-after opportunity to secure a permit-approved residential land development site in the heart of Diamond Creek. The endorsed plans provide for a staged subdivision comprising 11 residential lots plus a balance lot with 2 homes designed, thoughtfully planned to maximise the site’s natural elevation, outlook, and accessibility. Each allotment varies in size and orientation, offering flexibility for a range of housing outcomes in a market with strong demand for quality land supply. Positioned with a gentle rise and selective tree coverage, the site captures elevated aspects of the distant ranges and leafy surrounds, enhancing its appeal for future purchasers. The subdivision layout incorporates internal road access, services infrastructure, and considered lot configuration, allowing developers to proceed with confidence. Currently, the site offers a substantial home separated into multiple dwellings, and offering the ability to achieve a strong income potential for those looking to land bank the site. With planning permit approval already in place (Nillumbik Shire Council Ref: 820/2022/14P), significant time and risk associated with the planning process has been mitigated, presenting an outstanding turnkey development opportunity. Ideally located just moments from Greensborough and St Helena’s retail precincts, schools, and public transport, the property also enjoys convenient access to Diamond Creek central, Eltham, and major arterial routes such as the M80, ensuring strong end-buyer appeal.

Features

5 bedrooms
3 bathrooms
11410 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Diamond Creek over the last 12 months, the estimated median property value of 328 Diamond Creek Road is $1.28m.

Median value
$1.28m
Estimated value range
$940k - $2.9m
Median days on market
28
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Diamond Creek. 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 328 Diamond Creek Road

2026
Sold
$2,900,000
25 Aug 2026 by Aaron Yeats, of Jellis Craig Eltham

Happy sellers in Diamond Creek

89%
89% of sellers in Diamond Creek reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in Diamond Creek over the last 12 months.

Local market activity for 5 bedroom houses in Diamond Creek

In the last 12 months, 21 five-bedroom houses similar to 328 Diamond Creek Road, have been sold.

This represents a 39% increase in five-bedroom houses 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 Diamond Creek

placeholder
Soul Suzuki

Soul Suzuki is a recommended agent for Diamond Creek.  They have 6 local sales and collected 6 local reviews across the last 12 months.

  •   5   (7 reviews)
  •  6 Reviews in Diamond Creek
  •  6 Sales in Diamond Creek
View profile
placeholder
Leigh Pridham

Sellers who recommend Leigh Pridham have praised them for being clear communication, local expert, well-prepared, responsive, easy to work with, dedicated and trustworthy

  •   4.9   (55 reviews)
  •  3 Reviews in Diamond Creek
  •  2 Sales in Diamond Creek
View profile
placeholder
Stuart Buckingham

Sellers who recommend Stuart Buckingham have praised them for being local expert, clear communication, reliable, supportive, great negotiation, hard-working and responsive

  •   4.8   (176 reviews)
  •  2 Reviews in Diamond Creek
  •  2 Sales in Diamond Creek
View profile
placeholder
Eric Mancini

Eric Mancini is an award winning recommended agent for Diamond Creek.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   4.9   (262 reviews)
  •  2 Reviews in Diamond Creek
  •  1 Sale in Diamond Creek
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap