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839 Plenty Road

Reservoir VIC 3073

731 m²
Land
Currently for sale - view listing

Overview

EOI Ending Fri 13 Nov 5pm | Endorsed Town Planning Plans - Seven Townhouse Development

Opportunities to secure a substantial development site with the planning groundwork already established are increasingly difficult to find. Set across approximately 731 sqm, 839 Plenty Road presents a compelling proposition for builders and developers looking to secure their next project with a clearly defined residential outcome. For developers, time and certainty are critical. With endorsed town planning plans already in place for seven townhouses, much of the initial groundwork has been established, allowing the successful purchaser to focus on taking the project forward rather than starting the planning process from the beginning. The result is a site with a defined end product, providing a clearer vision of the development potential and an opportunity to bring a substantial townhouse project to life in an established residential location. Townhouse 1 - 2 Bed - 2 Bath - 1 Car Townhouse 2 - 2 Bed - 2 Bath - 1 Car Townhouse 3 - 2 Bed - 1 Bath - 1 Car Townhouse 4 - 2 Bed - 1 Bath - 1 Car Townhouse 5 - 2 Bed - 1 Bath - 1 Car Townhouse 6 - 2 Bed - 1 Bath - 1 Car Townhouse 7 - 3 Bed - 3 Bath - 2 Car The scale of the site, combined with an endorsed seven-townhouse scheme, creates an opportunity to acquire a development with a clear direction from day one. For builders seeking their next project or developers looking to add a well-positioned residential development to their pipeline, this is an opportunity where the vision has already been established. Highlights: • Approximately 731 sqm landholding • Endorsed town planning plans for seven townhouses • Clearly defined residential development outcome • Six 2-bedroom townhouses and one 3-bedroom townhouse • Mix of 1 and 2 bathroom residences • Ideal for builders and developers • Planning groundwork already established • Strong opportunity to add a substantial project to your development pipeline • Convenient Reservoir location • Excellent access to local amenities, transport and major road connections

Features

731 m² lot size
Land

Property history for 839 Plenty Road

2021
Sold
$1,100,000
Private Sale/Treaty on 03 Jan 2021 by Keb Nguyen, of Ray White Reservoir

Happy sellers in Reservoir

90%
90% of sellers in Reservoir reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 87 reviews in Reservoir over the last 12 months.

Local market activity for land plots in Reservoir

In the last 12 months, 7 land plots similar to 839 Plenty Road, have been sold.

This represents a 46% increase in land plots sales when compared to the previous 12 months.

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