FOR SALE
$1,200,000 - $1,300,000

62 Edinburgh Street
Clayton VIC 3168

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 997m2
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Auction Time
Sat 30 Nov 12:00 pm
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EXPANSIVE 5-BEDROOM FAMILY HOME ON 997SQM WITH GRZ3 ZONING – DREAM DEVELOPMENT OPPORTUNITY

Located within walking distance to Clayton Train Station and the bustling Clayton shopping strip, 62 Edinburgh Street offers a rare opportunity for families, investors, and developers (STCA). Set on a substantial 997sqm (approx.) block, with an additional 282sqm (approx.) of land under a renewable five-year licence agreement, presenting immense potential for large-scale development (STCA).
The existing brick veneer home features 5 spacious bedrooms, 2 bathrooms and a double garage ideal for large families or those needing additional space. The home is equipped with ducted heating throughout, and the rear room benefits from split-system air conditioning for added comfort.
As you look around the neighbourhood, the growth of new homes and townhouses highlights the area's rapid development and modernization. The prime GRZ3 zoning further enhances the property's potential for redevelopment, just as many others have done in this high-demand area. In addition, the New Suburban Rail Loop (SRL) is under construction, aiming to alleviate congestion and provide a reliable alternative to road travel. This project will introduce modern, high-frequency train services linking Clayton with neighbouring suburbs and key urban centres. The SRL also has powers to increase height restrictions in the area, with a draft plan to bring properties in the area up to 6 storeys high
Future homes built here will enjoy unbeatable convenience with easy access to Clayton shops, Monash University Clayton Campus, Monash Medical Centre, Children's Hospital, Victorian Heart Hospital and nearby Clayton and Huntingdale train stations.
While awaiting council approval for plans and permits, the current single-level home is perfect for leasing out. It features light-filled living areas, a spacious kitchen with stainless steel appliances, a large master bedroom with a walk-in robe, ensuite, and study access, along with ducted heating, a recently repointed roof, hardwood timber floors, and fully insulated ceilings.
This is an exceptional development opportunity in a prime location. Don't miss your chance to capitalise on the size, zoning, and growth potential of this outstanding property!
*Photo ID required at all First National JXRE open for inspections and auctions. First National JXRE may refuse to provide further information on the property should you prefer not to disclose your full contact information including phone number.
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Property Details for 62 Edinburgh St, Clayton

62 Edinburgh St, Clayton is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 997m2. The place is currently for sale with First National JXRE.

Building Type
House
Land Size
997m2

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About Clayton 3168

The size of Clayton is approximately 7.9 square kilometres. It has 9 parks covering nearly 4.1% of total area. The population of Clayton in 2011 was 15,543 people. By 2016 the population was 19,348 showing a population growth of 24.5% in the area during that time. The predominant age group in Clayton is 20-29 years. Households in Clayton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clayton work in a professional occupation. In 2011, 40.2% of the homes in Clayton were owner-occupied compared with 35.2% in 2016.

Clayton has 11,827 properties. Over the last 5 years, Houses in Clayton have seen a 3.10% increase in median value, while Units have seen a 4.16% increase. As at 31 October 2024:

  • The median value for Houses in Clayton is $1,166,254 while the median value for Units is $637,749.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 82 properties listed for sale, and 71 properties listed for rent in Clayton on OnTheHouse. According to CoreLogic's data, 356 properties were sold in the past 12 months in Clayton.

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