Developer demand for townhouses continues to be the key theme across Melbourne thus far in 2017, with agents listing several opportunities in recent weeks appealing to both the builder / developer demographic, in addition to larger scale developers and investors.
Below is a shortlist of townhouse projects for sale across Melbourne over the past week or so.
38, 40 & 42 Manningham Road, Bulleen
Positioned within the desirable ‘Residential Growth Zone’ with a favourable DD08 in place, Manningham Road presents with development approval for fifteen high-quality townhouses across a landholding of some 1,976sqm.
Currently generating $56,832 p/a across the existing three established dwellings, this project is offers access to excellent retail amenity and is surrounded by parklands, golf courses and the iconic Yarra River, whilst also being located only 4km from nearby Westfield Doncaster.
Strategically located in the heart of growing Laverton, Wackett Street offers permit approval for twin townhouses on a blue-chip landholding of 590sqm.
With the engineering and working drawings already completed, this project offers builders or developers the opportunity to start pre-sales almost immediately, with likely re-sales between $495,000 - $570,000.
Offering General Residential 1 Zoning and a flexible 697sqm to work with, Wheeler Street represents a unique opportunity to develop a boutique project of six large townhouses (subject to approval) in the bustling Inner-South East suburb of Ormond.
Immaculately serviced by the nearby McKinnon Road retail precinct, McKinnon Train Station and inclusion within the McKinnon High School Zone, this project presents as a significantly de-risked townhouse development opportunity in an extremely highly-sought after location.
16 Weber Street, Brighton East
Appealing directly to the owner/builder or first time developer demographic, Weber Street is a unique, prestige parcel of land comprising 270sqm in the heart of Brighton East.
Featuring approved plans and permits for an architecturally designed and cleverly conceived double story, luxury townhouse of some 280sqm, this project takes full advantage of it’s premium locale surrounded by some of Melbourne’s most highly coveted precincts in Ormond, Brighton, McKinnon and Gardenvale.
352 - 358 Canterbury Road, Surrey Hills
Situated in one of Melbourne’s most desirable suburbs, this substantial landholding comprises some 2,553sqm of blue chip real estate that offers development approval for a luxury mixed use project comprising seventeen townhouses, twelve apartments and five retail / office spaces.
An unrivalled location combined with a high-performing market for townhouses and apartments within the immediate vicinity ensures Canterbury Road will be a commercially competitive project for varying developer and investor criterium.
This blank canvas project is positioned on a large parcel of land (883sqm) boasting a variety of future development outcomes, from renovating the existing dwelling to demolishing and constructing multiple dwellings subject to approval.
2-4 Delmore Crescent, Glen Waverley
Positioned on a substantial landholding of approximately 1,700sqm, Delmore Crescent boasts approval permits for a six townhouse project in one of Monash’s most highly regarded locales.
With all the hard work already complete, Burrows Avenue offers developers and investors the opportunity to capitalise on the existing plans, permits and engineering drawings in place to complete a four townhouse project in the growing employment hub of Dandenong.
