FOR SALE
$650,000 to $699,000

62 Lester Avenue
St Albans VIC 3021

Bedrooms: 5
Bathrooms: 1
Car spaces: -
Land area: 697m2
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Prime Development Opportunity

Investors and developers, take note! This expansive 5-bedroom weatherboard home sits on a generous 697m² allotment, offering incredible potential for redevelopment, subdivision, or future capital growth (Subject to council approval). Located in a prime position, this property represents an outstanding opportunity for those looking to capitalize on the high-demand market.
The spacious residence provides ample scope for renovation or redevelopment, featuring five generously sized bedrooms, front living spaces, and period charm throughout. Whether you're looking to hold for rental returns or unlock the full value of the land, this property offers flexibility and promise.
The sizeable 697m² block, with its wide frontage and excellent site dimensions, is ideal for multi-dwelling development or a knockdown rebuild (subject to council approval). Positioned in a sought-after location, this property is just moments from schools, parks, shopping, and public transport, making it highly appealing to future homeowners or tenants.
Don't miss this rare opportunity to secure a versatile property in a thriving area. Whether you're looking to develop, invest, or landbank, this property ticks all the right boxes!
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Property Details for 62 Lester Ave, St Albans

62 Lester Ave, St Albans is a 5 bedroom, 1 bathroom House. The property has a land size of 697m2. The place is currently for sale with Barry Plant St Albans.

Building Type
House
Land Size
697m2

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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 17,058 properties. Over the last 5 years, Houses in St Albans have seen a 11.34% increase in median value, while Units have seen a 17.01% increase. As at 30 November 2024:

  • The median value for Houses in St Albans is $664,769 while the median value for Units is $486,020.
  • Houses have a median rent of $450 while Units have a median rent of $440.
There are currently 153 properties listed for sale, and 43 properties listed for rent in St albans on OnTheHouse. According to CoreLogic's data, 553 properties were sold in the past 12 months in St albans.

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Alan (Cuong) Au
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Bawi Tui Muk
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Barry Plant St Albans
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