47 Chadstone Rd

Malvern East VIC 3145

690 m²

House

Currently for sale - view listing

Overview

Approved Six-Apartment Development Opportunity

A rare and compelling development opportunity in a highly sought-after lifestyle location, this substantial 690sqm approx. west-facing allotment presents the chance to bring an approved boutique six-apartment development to life. Enviably positioned opposite Treyvaud Memorial Park and moments from Chadstone, Malvern Valley Village, leading schools, East Malvern Station and major freeway access, the property is accompanied by approved plans and permits for six luxury apartments, providing a significant head start for developers, builders and investors seeking an established project with planning already in place. The approved scheme offers the opportunity to create a sophisticated boutique residential development in a tightly held pocket, capitalizing on the area's strong lifestyle appeal, excellent amenity and convenient transport connections. Currently occupying the site is a charming solid brick period residence, offering the flexibility to live in or lease the property while progressing the approved development. Timber floors, high ceilings and traditional proportions define the existing home, with a wide central hallway leading to generous living and dining rooms, a light-filled retreat and well-appointed kitchen overlooking the deep, private west-facing garden. With its substantial landholding, west-facing orientation and approved plans and permits for six luxury apartments, this is an exceptional opportunity to secure a development site where much of the planning groundwork has already been completed. Approved six-apartment scheme | 690sqm approx. west-facing allotment | Prime lifestyle location | Plans & permits in place*