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Back 5 Ida Street
Off Market

5 Ida Street

Clayton South VIC 3169

3
1
642 m²
House
Amanda ChenAmanda Chen, last sold this property on 20 February 2026 after 23 days on market.

Overview

Premium Knock-Down Rebuild or Development Opportunity – Approved Plans, Ready to Build

A standout knock-down rebuild and development opportunity in one of Melbourne's most tightly held south-eastern growth corridors, this 642m² flat allotment presents an exceptional proposition for developers, builders, and strategic investors seeking a low-risk, high-demand project with approvals already in place. The site currently contains a 1980s-built dwelling and comes with an existing planning approval for two townhouses, clearly demonstrating the property's strong redevelopment fundamentals. With demolition permits already approved and valid for 12 months, the project is genuinely ready to commence immediately, allowing purchasers to bypass lengthy council delays and significantly reduce holding costs. Flexible Development Strategy with Strong Upside While approved for dual occupancy, the site also lends itself perfectly to a knock-down rebuild strategy, with scope to construct a premium 5-bedroom, 3-bathroom family residence through a reputable volume builder. This approach offers: -Lower construction and delivery risk -Simplified project execution -Target build timeline of approximately 6–8 months, enabling faster capital turnover -Strong appeal to high-end owner-occupiers, driving resale demand and value growth Whether your strategy is subdivision and resale, build and sell, or build and hold, this site provides the flexibility to optimize returns in a proven market. High-Demand Location Driving End-Value Positioned in a blue-chip pocket of Clayton South, the location underpins both resale strength and rental demand: -Approx. 5-minute walk to Westall Train Station (direct CBD access) -Walking distance to Westall Primary School and Westall Secondary College -Only a 10-minute drive to Monash University and Monash Heart Hospital, a major employment and education hub -Close to IKEA and Homemaker Centre, M-City Shopping Centre & Cinema, Springvale Shopping Centre, and major commercial precincts This combination of education, transport, retail, and employment infrastructure continues to drive strong owner-occupier and investor demand in the area. Genuine Vendor Motivation The property is being offered for sale due to unforeseen family circumstances following a recent acquisition by the current developer, presenting a rare opportunity for another developer or builder to step in and capitalize on all the groundwork already completed. Key Investment & Development Highlights: -642m² flat, regular allotment -Approved DA for two townhouses -Demolition permit in place (12-month validity) -Ideal for knock-down rebuild, subdivision, or dual-occupancy development -High-demand, infrastructure-rich location -Strong end-buyer appeal supporting resale and long-term growth Opportunities offering this level of approval certainty, location strength, and development flexibility are increasingly rare. 5 Ida Street, Clayton South represents a compelling, developer-ready project in a proven growth market.

Features

3 bedrooms
1 bathroom
642 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Clayton South over the last 12 months, the estimated median property value of 5 Ida Street is $985k.

Median value
$985k
Estimated value range
$767k - $1.47m
Median days on market
26
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Clayton South. 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 5 Ida Street

2026
Sold
Undisclosed
20 Feb 2026 by Amanda Chen, of Barry Plant - Glen Waverley
2025
Sold
$845,000
30 May 2025 by Amanda Chen, of Barry Plant - Glen Waverley

Happy sellers in Clayton South

95%
95% of sellers in Clayton South reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Clayton South over the last 12 months.

Local market activity for 3 bedroom houses in Clayton South

In the last 12 months, 54 three-bedroom houses similar to 5 Ida Street, have been sold.

This represents a 17% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Clayton South

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Ethan He

Sellers who recommend Ethan He have praised them for being clear communication, local expert, reliable, dedicated, responsive, trustworthy and hard-working

  •   5   (132 reviews)
  •  5 Reviews in Clayton South
  •  39 Sales in Clayton South
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Catherine Chan

Sellers who recommend Catherine Chan have praised them for being dedicated, local expert, hard-working, clear communication, reliable, friendly and responsive

  •   5   (45 reviews)
  •  5 Reviews in Clayton South
  •  7 Sales in Clayton South
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Billy Chang

Sellers who recommend Billy Chang have praised them for being local expert, clear communication, reliable, hard-working, responsive, supportive and dedicated

  •   5   (335 reviews)
  •  2 Reviews in Clayton South
  •  2 Sales in Clayton South
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Rick Cheah

Rick Cheah is an award winning recommended agent for Clayton South.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (366 reviews)
  •  2 Reviews in Clayton South
  •  2 Sales in Clayton South
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