FOR SALE
$750,000 - $795,000

26 Pennell Avenue
St Albans VIC 3021

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 745m2
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Unparalleled Development Opportunity with Plans & Permits Approved in Prime Residential Growth Zone

A rare and remarkable opportunity awaits with this exceptional property, ideally positioned within the highly coveted Residential Growth Zone (RGZ1). Located just moments from St Albans train station, bus routes, prestigious educational institutions like Victoria University and local schools, as well as the vibrant Alfrieda Street shopping precinct and lush nearby parks, this address combines lifestyle appeal with extraordinary development potential.
What truly sets this property apart is its approved plans and permits for a 4-townhouse development, endorsed plans (STCA), offering a turnkey solution for savvy developers. The plans are in the process of being endorsed by council, giving you the advantage of moving forward without delay. Properties of this calibre with such development-ready status are increasingly rare, making this an unmissable opportunity.
Don't miss the chance to secure this exceptional property, where transformative development opportunities are ready and waiting for the discerning buyer.
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Property Details for 26 Pennell Ave, St Albans

26 Pennell Ave, St Albans is a 3 bedroom, 1 bathroom House. The property has a land size of 745m2. The place is currently for sale with Sleiman Real Estate.

Building Type
House
Land Size
745m2

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About St Albans 3021

The size of St Albans is approximately 13 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2011 was 35,091 people. By 2016 the population was 37,325 showing a population growth of 6.4% in the area during that time. The predominant age group in St Albans is 20-29 years. Households in St Albans are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation. In 2011, 64.6% of the homes in St Albans were owner-occupied compared with 60.5% in 2016.

St Albans has 16,806 properties. Over the last 5 years, Houses in St Albans have seen a 13.46% increase in median value, while Units have seen a 19.85% increase. As at 30 September 2024:

  • The median value for Houses in St Albans is $660,753 while the median value for Units is $492,221.
  • Houses have a median rent of $450 while Units have a median rent of $430.
There are currently 180 properties listed for sale, and 42 properties listed for rent in St albans on OnTheHouse. According to CoreLogic's data, 526 properties were sold in the past 12 months in St albans.

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Shaun Sleiman
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