Back 40 Grace Street
Off Market

40 Grace Street

Laverton VIC 3028

4
2
697 m²
House
Last sold for $663,300
Harleen SawhneyHarleen Sawhney, last sold this property on 09 July 2025 after 51 days on market.

Overview

Unlock the Potential: Renovate or Redevelop !

Why 40 Grace Street, Laverton? Harleen and MI Realtors proudly presents this rare opportunity for buyers looking to invest in a renovation project. The existing 4-bedroom, 2-bathroom house offers a solid foundation for those willing to undertake a transformation. With a generous land size of 697 m² and situated within the General Residential Zone - Schedule 1 (GRZ1), the property allows for a variety of residential developments, including townhouses and multi-unit dwellings, subject to council approval. Development Potential of 40 Grace Street, Laverton VIC 3028 • 40 Grace Street offers a substantial land area of approximately 697 m², presenting a prime opportunity for developers seeking to capitalize on Laverton's growth. The property's zoning and strategic location enhance its appeal for various development projects. Key Highlights: Land Size: With a land area of 697 m², the property offers ample space for redevelopment, accommodating multiple dwellings or a medium-density residential project. Proximity to Amenities: The site is within walking distance to Laverton Train Station, providing direct access to the Werribee line for a seamless commute to Melbourne's CBD. Additionally, multiple bus routes service the area, enhancing connectivity to neighboring suburbs and key amenities. Local Amenities: Nearby facilities include the Aviation Road shopping strip, offering a variety of shops, eateries, and services, as well as the Williams Landing Shopping Centre, featuring major supermarkets, specialty stores and dining options Educational Institutions: The property is in close proximity to Laverton P-12 College, providing convenient schooling options for families. Given these factors, 40 Grace Street presents a compelling opportunity for developers and investors to capitalize on Laverton's evolving landscape. The site's strategic location, coupled with favorable zoning and land size, positions it as an attractive option for residential development projects. Contact Harleen on 0432510052 to book an inspection! PHOTO ID IS A MUST AT ALL INSPECTIONS. DISCLAIMER: All stated dimensions are approximate and pictures are for illustration purposes only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an up-to-date copy of the Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist

Features

4 bedrooms
2 bathrooms
697 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Laverton over the last 12 months, the estimated median property value of 40 Grace Street is $665k.

Median value
$665k
Estimated value range
$540k - $757k
Median days on market
59
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Laverton. 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 40 Grace Street

2025
Sold
$663,300
09 Jul 2025 by Harleen Sawhney, of MI Realtors - Wyndham

Happy sellers in Laverton

96%
96% of sellers in Laverton reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 31 reviews in Laverton over the last 12 months.

Local market activity for 4 bedroom houses in Laverton

In the last 12 months, 20 four-bedroom houses similar to 40 Grace Street, have been sold.

This represents a 66% decrease in four-bedroom houses sales when compared to the previous 12 months.

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