5 Elwood St

Notting Hill VIC 3168

945 m²

House

Currently for sale - view listing

Overview

Prime Development Opportunity: Approved for 6 Townhouses - 945sqm Rectangular Block in Growth Zone

Commanding a perfectly rectangular 945sqm (approx.) allotment with 17.17m frontage, this rare landholding presents a premium opportunity for developers to capitalise on Notting Hill's surging demand and limited supply. Set within a proven high-growth corridor, the site's size, shape and zoning make it ideal for multi-townhouse or boutique apartment redevelopment (STCA). A previous council approval for six townhouses highlights its strong planning feasibility and development potential. Positioned for exceptional rental and resale returns, the property sits moments from Monash University Clayton Campus, M-City, Pinewood Shopping Village, The Glen, IKEA, and Monash Medical Centre, ensuring consistent end-user demand from students, professionals and families. A blue-chip land opportunity offering strong profit margins, long-term capital growth and reliable market fundamentals opportunities of this calibre are increasingly rare. Photo ID required at all open for inspections. Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist