FOR SALE
Plans & Permits Approved - New Price | $660k-$690k

31 Canterbury Street
Deer Park VIC 3023

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 502m2
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A Lucrative Development Opportunity

Attention Investors, Builders, and Property Developers! Are you seeking a prime opportunity in Deer Park? Look no further! This impressive site comes with approved plans and permits for four units, each featuring 2 bedrooms, 3 bathrooms, and a single-car garage. Located on a 502m² allotment in a Residential Growth Zone - Schedule 1, this property is perfect for expanding your portfolio and securing your future.
With the potential to return huge monthly earnings, this project promises significant financial rewards. Recent upgrades to the Deer Park Train Station further enhance the location's promise for successful development. The existing property offers the flexibility to move in or rent out, providing a great rental yield while you proceed with your development plans.
This site isn't just about future potential; it boasts an enviable location just moments away from top-tier restaurants, grocery stores, schools, childcare facilities, public transportation, medical centers, and easy freeway access. This ensures any new development will attract a wide range of potential buyers or tenants.
Seize this exceptional opportunity to develop in one of Deer Park's most sought-after areas. With plans and permits already in place, you can hit the ground running and capitalize on the booming demand for quality housing. Don’t miss out on this fantastic proposition—secure your investment today and reap the rewards of this lucrative venture!
*Please email our team to receive a copy of the plans & permits.
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Property Details for 31 Canterbury St, Deer Park

31 Canterbury St, Deer Park is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 502m2. The place is currently for sale with Harcourts West Realty.

Building Type
House
Land Size
502m2

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About Deer Park 3023

The size of Deer Park is approximately 8.6 square kilometres. It has 30 parks covering nearly 9.8% of total area. The population of Deer Park in 2011 was 16,204 people. By 2016 the population was 18,121 showing a population growth of 11.8% in the area during that time. The predominant age group in Deer Park is 30-39 years. Households in Deer Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Deer Park work in a labourer occupation. In 2011, 67.1% of the homes in Deer Park were owner-occupied compared with 66.3% in 2016.

Deer Park has 7,646 properties. Over the last 5 years, Houses in Deer Park have seen a 16.61% increase in median value, while Units have seen a 12.27% increase. As at 30 November 2024:

  • The median value for Houses in Deer Park is $641,757 while the median value for Units is $506,496.
  • Houses have a median rent of $475 while Units have a median rent of $430.
There are currently 41 properties listed for sale, and 18 properties listed for rent in Deer park on OnTheHouse. According to CoreLogic's data, 293 properties were sold in the past 12 months in Deer park.

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Darren Lambert
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Sunita Roberts
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Harcourts West Realty
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