Back 8 Formosa Mews
Off Market

8 Formosa Mews

Greenvale VIC 3059

5903 m²
Land
Last sold for $2,250,000
Walter MahchWalter Mahch, last sold this property on 25 May 2026 after 94 days on market.

Overview

Rare Development Opportunity - Prime Vacant Land in Old Greenvale

SALE BY SET DATE CLOSES TUESDAY 16TH JUNE 2026 AT 4:00PM (UNLESS SOLD PRIOR) An exceptional and hard-to-find parcel of vacant land offering an enormous 5,903m² (approx.) in a quiet and tightly held pocket of Old Greenvale. Opportunities of this scale are extremely rare and highly sought after. This premium block comes with approved plans for 12 townhouses, providing immediate development potential. Alternatively, a purchaser may choose to build one, two, or multiple homes subject to all relevant authority approval, making it ideal for developers, investors, or families wanting to create a private estate. Key Features: Massive 5,903m² land size (approx.) Approved permit for 12 townhouses 6-metre-wide private driveway access Peaceful and secluded Old Greenvale location Flexible building options subject to all relevant authority approval Perfectly positioned close to Greenvale Shopping Centre, reputable schools and local shops, while surrounded by natural beauty. Located beside Wallace Drive Reserve and extensive bushland, you'll enjoy a tranquil country-style lifestyle while still being within easy reach of the city. A truly unique and once-in-a-lifetime opportunity to secure a substantial landholding in a premium location - chances like this are rarely found again. To receive further information, plans, or documentation, please email or contact Walter Mahch on 0402 989 300.

Features

5903 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Greenvale over the last 12 months, the estimated median property value of 8 Formosa Mews is $505k.

Median value
$505k
Estimated value range
$50k - $2.25m
Median days on market
109
Estimated value trend
-11%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Greenvale. 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 8 Formosa Mews

2026
Sold
$2,250,000
Private Sale/Treaty on 25 May 2026 by Walter Mahch, of Barry Plant Gladstone Park

Happy sellers in Greenvale

75%
75% of sellers in Greenvale reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 51 reviews in Greenvale over the last 12 months.

Local market activity for land plots in Greenvale

In the last 12 months, 54 land plots similar to 8 Formosa Mews, have been sold.

This represents a 43% increase in land plots sales when compared to the previous 12 months.

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