Back 5 Pennell Avenue
Off Market

5 Pennell Avenue

St Albans VIC 3021

3
1
751 m²
House
Spencer NguyenSpencer Nguyen, last sold this property on 21 November 2025 after 109 days on market.

Overview

Located in the heart of St Albans' rapidly growing Activity Centre Zone, this exceptional 751m² (approx.) allotment presents an outstanding opportunity for investors, developers, and builders alike. Zoned for high-density development (RGZ), it offers the perfect foundation to build modern townhouses or a multi-unit project (STCA), capitalising on the area's booming demand. Just moments from St Albans train station, Alfrieda Street shops, Victoria University, schools, and parks, this blue-chip location ticks every box for convenience and lifestyle appeal. With strong rental demand and excellent resale potential, this is your chance to secure a future-forward investment in one of Melbourne's most promising suburbs. Townhouse development is highly recommended to maximise return in this thriving corridor. Due diligence checklist - consumer.vic.gov.au/duediligencechecklist Privacy Policy and Privacy Collection Notice - https://shorturl.at/ZLS6t Material Facts - please refer to the contract of sale and

Features

3 bedrooms
1 bathroom
751 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in St Albans over the last 12 months, the estimated median property value of 5 Pennell Avenue is $722.25k.

Median value
$722.25k
Estimated value range
$641.6 - $1.42m
Median days on market
30
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in St Albans. 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 Pennell Avenue

2026
Rented
Undisclosed
Leased on 22 Feb 2026 by ace Real Estate Laverton
2025
Sold
Undisclosed
21 Nov 2025 by Spencer Nguyen, of Harcourts SAS Deer Park

Happy sellers in St Albans

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

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

This is based on voluntary sentiment collected from 92 reviews in St Albans over the last 12 months.

Local market activity for 3 bedroom houses in St Albans

In the last 12 months, 276 three-bedroom houses similar to 5 Pennell Avenue, have been sold.

This represents a 3% decrease in three-bedroom houses sales when compared to the previous 12 months.

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