For Sale

8-10 Alma Street, Lower Plenty, VIC, 3093

$1,100,000 - $1,200,000

4
2
2
886 m²

House

•

1 day on the market

Auction: Saturday 21 November 10:00 AM
Next inspection:
Saturday 24 October 11:00 AM
View agent price guide

Inspection times

Saturday

Auction time

Saturday

What's around 8-10 Alma Street

Renovate-Recreate-Re Develop

Rarely does an opportunity of this scale, width and flexibility present itself in Lower Plenty. Set within one of the area's most tightly held residential pockets, this substantial allotment presents an extraordinary 35-metre (approx.) street frontage a landholding of genuine rarity that opens the door to multiple possibilities. Whether your vision is to renovate, rebuild or redevelop, this is an opportunity that deserves serious consideration. For the family buyer, the existing residence provides an exciting foundation to renovate, extend or completely reimagine into a phenomenal contemporary family home. The expansive frontage and generous landholding create the opportunity for a substantial residence with impressive street presence, exceptional outdoor living and the space today's families increasingly desire. Or, for the astute developer, the real opportunity lies in the land itself. A frontage of this width is exceptionally difficult to find in Lower Plenty. The dimensions provide an exciting development canvas, with the potential to investigate a three-home or four-home street-frontage development, STCA potentially allowing multiple residences to enjoy their own individual street presence rather than relying on a traditional rear or battle-axe configuration. Indicative concepts demonstrate the potential for: THREE LUXURY RESIDENCES Approximately 11.6m frontage each STCA or FOUR CONTEMPORARY RESIDENCES Approximately 8.75m frontage each STCA All development concepts are indicative only and subject to council approval, planning requirements and all relevant authorities. Beyond the land itself, the location adds another layer of appeal. Enjoy the convenience of being within easy reach of Lower Plenty's local shops, cafés, amenities, schools, parklands and extensive walking trails, while being surrounded by the natural beauty and established lifestyle that has made this pocket so tightly held. For families, investors and developers alike, the combination of lifestyle, accessibility and future infrastructure makes this an increasingly compelling location. The future transformation of Melbourne's north-east adds further weight to the long-term appeal of the location. The North East Link is now well underway, with tunnelling complete and the project scheduled to open in 2028. The project includes a major interchange at Lower Plenty Road, new parklands, improved walking and cycling connections and significant upgrades throughout Melbourne's north-east. The project will connect the M80 Ring Road with the Eastern Freeway, with the Victorian Government forecasting travel-time savings of up to 35 minutes and the removal of up to 15,000 trucks a day from local roads. For Lower Plenty, this represents an important piece of long-term infrastructure investment and further strengthens the suburb's position within Melbourne's evolving north-east corridor. This is a location with a compelling future and land that is becoming increasingly difficult to replicate. Rare land. Exceptional flexibility. A tightly held location. A future-focused opportunity. Your time has come.

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