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40 Railway Cres

Broadmeadows VIC 3047

3
1
2
691 m²
House
Currently for sale - view listing

Overview

High-Density Opportunity with Exceptional Future Potential

Positioned within an established high-density precinct of Broadmeadows, this substantial three-bedroom property presents an exciting opportunity for developers, investors and astute purchasers looking to secure a property with strong future potential. Offering approximately 690m* of land, the property provides a generous allotment with the existing three-bedroom residence providing an immediate use while exploring the possibilities for the future. The surrounding precinct offers a range of development and alternative-use opportunities, with the property's high-density setting making it an appealing proposition for those looking to investigate potential residential development, childcare centres and other permitted uses, all subject to council approval, planning controls and relevant authorities. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses and development potential. The existing three-bedroom home provides a practical foundation, while the substantial land size creates flexibility for those looking beyond the current dwelling. Whether you're an investor seeking a property with long-term potential or a developer looking to explore what may be possible on a sizeable allotment, this property offers plenty of scope. Location is another key advantage, with Broadmeadows Station and the surrounding transport interchange nearby, providing convenient access to train and bus services. Broadmeadows Central is also close at hand, offering supermarkets, shops, restaurants and everyday services. A selection of local schools and educational facilities are within easy reach, along with parks, sporting reserves and community amenities. Major road connections including the Hume Freeway and M80 Ring Road provide convenient access across Melbourne, while the established infrastructure and ongoing development throughout the Broadmeadows precinct add further appeal. With approximately 690m* of land, three bedrooms and positioned within a high-density area, this is an opportunity to secure a substantial property and explore its future potential in one of Melbourne's established northern suburbs. Approximately. Development potential and any proposed use, including childcare or other uses, are subject to applicable zoning, planning controls, council approval and all relevant authorities. Purchasers should make their own independent enquiries. DISCLAIMER: 'All information provided has been prepared with care and is believed to be accurate at the time of publication. However, interested parties should make their own enquiries and rely on their own investigations. The agent and vendor accept no responsibility for any errors, omissions or misstatements.'

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
691 m² lot size
House

Property history for 40 Railway Cres

2023
Sold
$706,000
Auction Sale on 18 Feb 2023 by Vince Carnevale, of Ray White Pascoe Vale

Happy sellers in Broadmeadows

92%
92% of sellers in Broadmeadows reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 20 reviews in Broadmeadows over the last 12 months.

Local market activity for 3 bedroom houses in Broadmeadows

In the last 12 months, 71 three-bedroom houses similar to 40 Railway Cres, have been sold.

This represents a 18% increase in three-bedroom houses sales when compared to the previous 12 months.

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