FOR SALE
AUCTION

294 Manningham Road
Templestowe Lower VIC 3107

Bedrooms: 6
Bathrooms: 1
Car spaces: 12
Land area: 756m2
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Auction Time
Sat 12 Oct 1:00 pm
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Prime Opportunity in RGZ2 Zoning with DDO8

This property offers a fantastic opportunity for apartment, townhouse, childcare and medical development with DDO8 & RGZ2 zoning (subject to council approval) in a prime location directly opposite of Macedon Square with immediate access to local retail shops including Woolworths, Restaurants and Cafes as well as being one arterial passing through to Westfield Doncaster Shopping Centre. The spacious 6-room, 12-carspace property sits on a generous 756sqm (approx.) north-facing block, providing endless potential.
For those looking to operate own business, to redevelop or to buy and hold, the home offers formal entrance hall, spacious reception area, meeting room, formal lounge, storage room, six generous sized rooms, a bathroom, separate toilet and a staff kitchen, and ample onsite parking space. Alternatively, you could lease the property while awaiting approval for redevelopment or preparing for renovations.
With high exposure location and a blank canvas appeal, this property invites you to bring your vision to life.
Median house price in Templestowe Lower is $1,360,000*, 33% higher than the overall median house price in Melbourne - branding itself as one of the most established suburbs in Eastern Melbourne. - The 2023 population forecast for Templestowe Lower is 15,079* and is estimated to grow to 15,931* by 2036. - Located approximately 15km* from Melbourne CBD and set to benefit from the $16.5 billion North East Link Tunnel Project, forecasted to be completed by 2028.
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Property Details for 294 Manningham Rd, Templestowe Lower

294 Manningham Rd, Templestowe Lower is a 6 bedroom, 1 bathroom House with 12 parking spaces. The property has a land size of 756m2. The place is currently for sale with Harcourts Wantirna.

Building Type
House
Land Size
756m2

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About Templestowe Lower 3107

The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2011 was 13,152 people. By 2016 the population was 13,448 showing a population growth of 2.3% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation. In 2011, 82.8% of the homes in Templestowe Lower were owner-occupied compared with 80% in 2016.

Templestowe Lower has 6,457 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 15.97% increase in median value, while Units have seen a 28.57% increase. As at 31 August 2024:

  • The median value for Houses in Templestowe Lower is $1,353,020 while the median value for Units is $966,357.
  • Houses have a median rent of $715 while Units have a median rent of $670.
There are currently 34 properties listed for sale, and 7 properties listed for rent in Templestowe lower on OnTheHouse. According to CoreLogic's data, 301 properties were sold in the past 12 months in Templestowe lower.

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Angelina Xu
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Steven Zhang
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Harcourts Wantirna
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