328 Diamond Creek Road, Diamond Creek, VIC, 3089

SoldAug 26, 2026

328 Diamond Creek Road, Diamond Creek, VIC, 3089

$2,900,000

11410 m²

House

•

30+ days on the market

Sold: Aug 26, 2026

What's around 328 Diamond Creek Road

Permit Approved Development Opportunity – 11 Lot Subdivision

EXPRESSIONS OF INTEREST CLOSING THURSDAY 10TH SEPTEMBER AT 1PM (UNLESS SOLD PRIOR) Jellis Craig. Set across an expansive landholding of approximately 1.14 hectares (11,413sqm), this exceptional property represents a rare and highly sought-after opportunity to secure a permit-approved residential land development site in the heart of Diamond Creek. The endorsed plans provide for a staged subdivision comprising 11 residential lots plus a balance lot with 2 homes designed, thoughtfully planned to maximise the site’s natural elevation, outlook, and accessibility. Each allotment varies in size and orientation, offering flexibility for a range of housing outcomes in a market with strong demand for quality land supply. Positioned with a gentle rise and selective tree coverage, the site captures elevated aspects of the distant ranges and leafy surrounds, enhancing its appeal for future purchasers. The subdivision layout incorporates internal road access, services infrastructure, and considered lot configuration, allowing developers to proceed with confidence. Currently, the site offers a substantial home separated into multiple dwellings, and offering the ability to achieve a strong income potential for those looking to land bank the site. With planning permit approval already in place (Nillumbik Shire Council Ref: 820/2022/14P), significant time and risk associated with the planning process has been mitigated, presenting an outstanding turnkey development opportunity. Ideally located just moments from Greensborough and St Helena’s retail precincts, schools, and public transport, the property also enjoys convenient access to Diamond Creek central, Eltham, and major arterial routes such as the M80, ensuring strong end-buyer appeal.