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14 Scarborough Place
Kensington VIC 3031

Bedrooms: -
Bathrooms: -
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Land area: 333m2
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LAND WITH PLANS IN THE HEART OF KENSINGTON!

Located in one of inner-Melbourne's most sought-after neighborhoods in Kensington, this rare vacant land comes complete with an approved planning permit and endorsed plans for either a remarkable four-level office building or a four-level architecturally designed home.
The accompanying plans highlight an impressively spacious and adaptable design, showcasing over four levels of open-plan office space, all with elevator access, kitchenettes, and bathroom facilities on every floor. Additionally, there's an option to build a spectacular four-level residence. The versatile design includes four bedrooms, three bathrooms, a separate lounge, an open-plan living/dining area, a large garage, flexible workspaces, and numerous outdoor zones.
Key attributes of the block include mixed-use zoning (MUZ), uniform dimensions, minimal gradient, and a total area of approximately 333 square meters. It's within walking distance to Kensington Village's boutique shops and trendy cafes, offering easy access to both Kensington and Macaulay train stations, the Moonee Ponds Creek Trail, Racecourse Road restaurants, trams to university and hospital precincts, and convenient access to Citylink.
Property Code: 67

Property Details for 14 Scarborough Pl, Kensington

Building Type
Commercial
Land Size
333m2

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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2011 was 9,718 people. By 2016 the population was 10,833 showing a population growth of 11.5% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 47.6% of the homes in Kensington were owner-occupied compared with 45.3% in 2016.

Kensington has 6,530 properties. Over the last 5 years, Houses in Kensington have seen a 1.93% increase in median value, while Units have seen a -0.17% decrease. As at 31 October 2024:

  • The median value for Houses in Kensington is $1,143,562 while the median value for Units is $552,234.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 25 properties listed for sale, and 8 properties listed for rent in Kensington on OnTheHouse. According to CoreLogic's data, 266 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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Curran Ferns
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Sanjeet-Liam Deo
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Central Avenue Real Estate
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.