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328 Diamond Creek Road

Diamond Creek VIC 3089

5
3
11410 m²
House
Currently for sale - view listing

Overview

Permit Approved Development Opportunity – 11 Lot Subdivision

FORTHCOMING EXPRESSIONS OF INTEREST 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

Happy sellers in Diamond Creek

96%
96% 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 14 reviews in Diamond Creek over the last 12 months.

Local market activity for 5 bedroom houses in Diamond Creek

In the last 12 months, 26 five-bedroom houses similar to 328 Diamond Creek Road, have been sold.

This represents a 8% increase in five-bedroom houses sales when compared to the previous 12 months.

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