FOR SALE
$1.35m - $1.485m

4 Mcgahy Street
Templestowe Lower VIC 3107

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 837m2
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Auction Time
Sat 18 Jan 12:00 pm
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A WORLD OF OPPORTUNITIES – @837m2 DDO8 site

This home is ready for all possibilities and with a location to die for just a stone throw away from Macedon Square Shopping Centre and 6–7-minute walk to Westfield Doncaster
So, when you have a chance to skip the queue and secure a large 837sqm (approx.) of prime DDO8 zoned allotment with endorsed plans and permits for 5 luxury townhouses with views, you know you’ll have to move quickly to secure this first-class development opportunity. Alternatively redevelop with 3-4 Large Town Houses (STCA) or Land Bank it!
With all the time-consuming work involved, you can commence the building process the instant the keys to this property are in your hand! Once complete, your future development will stand within a short walk of Macedon Square, Manningham Medical Centre, Westfield Doncaster, city-bound buses and the Eastern Freeway/Eastlink — great for a quick commute into the CBD or the sandy shoreline along the Mornington Peninsula.
An existing single-level three-bedroom home currently occupies the block, and with a generous light-filled living area, spacious well-appointed kitchen, large, grassed backyard, and a bright family bathroom, you could lease out the home and line your pockets with income until you’re ready to get construction underway. Desirably zoned for Templestowe College and Templestowe Heights Primary School.
This is a rare opportunity in a family-favoured locale, whatever you decide to do, you will reap blue-chip rewards for years to come.
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Property Details for 4 Mcgahy St, Templestowe Lower

4 Mcgahy St, Templestowe Lower is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 837m2. The place is currently for sale with Barry Plant - Doncaster East.

Building Type
House
Land Size
837m2

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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 6,493 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 4.84% increase in median value, while Units have seen a 22.17% increase. As at 30 November 2024:

  • The median value for Houses in Templestowe Lower is $1,335,097 while the median value for Units is $1,008,469.
  • Houses have a median rent of $700 while Units have a median rent of $678.
There are currently 42 properties listed for sale, and 11 properties listed for rent in Templestowe lower on OnTheHouse. According to CoreLogic's data, 312 properties were sold in the past 12 months in Templestowe lower.

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Harry Fares
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Vivian Wong
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Barry Plant - Doncaster East
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