Back 41 Albert Hill Rd
Off Market

41 Albert Hill Rd

Lilydale VIC 3140

3
2
0 m²
2119 m²
House
Last sold for $1,352,000
Ryan EvansRyan Evans, last sold this property on 24 February 2026 after 250 days on market.

Overview

Exceptional Development Opportunity with Approved Plans and Permits

** Please note: This property is currently leased. Please contact one of our agents prior to inspecting. ** Positioned in a tranquil pocket of Lilydale, this expansive 2,119m² (approx.) allotment offers a rare opportunity for developers seeking a project with approved plans and permits. The site is primed for the construction of eight townhouses, each featuring private garages and thoughtfully designed layouts. Currently occupied by a charming three-bedroom, two-bathroom weatherboard home, the property provides immediate rental income or the option to renovate and extend, depending on your investment strategy. The existing dwelling is complemented by a double garage and ample off-street parking, ensuring convenience for future residents. Key Features: - Land size: 2,119m² (approx.) - Approved plans and permits for 8 dwellings - Zoning: Neighbourhood Residential Zone - Current dwelling: 3 bedrooms, 2 bathrooms, double garage - Prime location near Lilydale's amenities and transport links Whether you're an experienced developer or an investor looking to capitalize on a high-demand area, 41 Albert Hill Road presents an unparalleled opportunity to create a sought-after residential development in one of Melbourne's most desirable outer-east locales. Lilydale is renowned for its vibrant community, access to excellent schools, parks, trails and proximity to the Yarra Valley's natural beauty. This property is within easy reach of Lilydale Railway Station and buses and provides easy access to EastLink and Melbourne's CBD. Disclaimer: Noel Jones has taken every precaution to establish the accuracy of the information provided. Some images may have been digitally enhanced or virtually staged for presentation purposes. This material does not constitute any representation by the vendor or real estate agent as to the property's current condition or features. You should rely on your own inspection and enquiries to satisfy yourself of the condition and characteristics of the property.

Features

3 bedrooms
2 bathrooms
0 m² floor area
2119 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lilydale over the last 12 months, the estimated median property value of 41 Albert Hill Rd is $819k.

Median value
$819k
Estimated value range
$601k - $1.35m
Median days on market
20
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lilydale. 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 41 Albert Hill Rd

2026
Sold
$1,352,000
24 Feb 2026 by Ryan Evans, of Noel Jones Yarra Ranges
2023
Rented
Undisclosed
Leased on 03 Jul 2023 by Ray White Lilydale
2018
Rented
Undisclosed
Leased on 02 Apr 2018 by Ray White Lilydale

Happy sellers in Lilydale

94%
94% of sellers in Lilydale reported that their sale price either exceeded or met their price expectations.

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

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

Local market activity for 3 bedroom houses in Lilydale

In the last 12 months, 101 three-bedroom houses similar to 41 Albert Hill Rd, have been sold.

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

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