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35 Olive Road
Devon Meadows VIC 3977

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Land area: 19.76ac
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Prime Landholding Adjacent to Major Developments & Devon Meadows/Clyde Sth PSP!

Exquisite 20-Acre (approx.) Parcel of Land: Prime Location Near Amenities, Ideal for Future Growth!!
Seize the rare opportunity to acquire nearly 20 acres of prime, vacant land in the highly sought-after suburb of Devon Meadows. This expansive property presents exceptional potential for development and is an ideal investment for those seeking long-term growth. Strategically located approximately 1 km from the Devon Meadows and Clyde PSPs (Urban Zone Boundary) and just 15 minutes from the proposed South Eastern Airport, this site offers significant future development prospects.
Within minutes, you'll have access to essential amenities, including the Botanic Ridge Shopping Centre, top-rated schools such as Lighthouse Christian College and Casey Grammar, and the stunning Cranbourne Botanical Gardens. The South Gippsland Highway is easily accessible, connecting you to major roads, while the Cranbourne Shopping Centre, sporting facilities, and Cranbourne Railway Station are all nearby, ensuring ultimate convenience at your doorstep.
Property Highlights:
• Zoning Classification: Green Wedge Zone
• Prime Location: Just moments from Melbourne's Urban Growth Boundary (Devon Meadow & Clyde South PSP).
• Accessibility: Conveniently located with easy access to all essential amenities.
• Investment Potential: A prime landbank opportunity, well-positioned for future growth and demographic expansion.
• Income Potential: A strong investment prospect with attractive rental yield opportunities.
This property offers a rare opportunity to secure a substantial landholding on the edge of Melbourne's rapidly expanding Urban Growth Boundary, set to benefit from significant future investment.
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Property Details for 35 Olive Rd, Devon Meadows

Building Type
Land
Land Size
19.76ac

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About Devon Meadows 3977

The size of Devon Meadows is approximately 23.4 square kilometres. It has 2 parks covering nearly 12.2% of total area. The population of Devon Meadows in 2011 was 1,606 people. By 2016 the population was 1,559 showing a population decline of 2.9% in the area during that time. The predominant age group in Devon Meadows is 50-59 years. Households in Devon Meadows are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Devon Meadows work in a trades occupation. In 2011, 84.2% of the homes in Devon Meadows were owner-occupied compared with 84.3% in 2016.

Devon Meadows has 633 properties. Over the last 5 years, Houses in Devon Meadows have seen a 33.54% increase in median value. As at 30 November 2024:

  • The median value for Houses in Devon Meadows is $988,641 while the median value for Units is $667,190.
  • Houses have a median rent of $800.
There are currently 11 properties listed for sale, and 1 property listed for rent in Devon meadows on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Devon meadows.

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