90-92 Old Gippsland RoadLilydale VIC 3140
Property Details for 90-92 Old Gippsland Rd, Lilydale
Last Listing description (November 2023)
Presenting an exceptional opportunity at the Gateway to the Yarra Valley. Ideally suited for a premium subdivision (STCA), this property is situated in Neighborhood Residential Zone 1 (NRZ1), spanning approximately 10,170sqm, with an impressive 80-metre frontage. A 3-bedroom home with picturesque vistas of the Mount Dandenong Ranges is currently situated on the property, implying that any prospective dwellings built onsite can also enjoy that captivating scenery.
A recent structure plan has laid the groundwork for extensive development in Melbourne's suburbs, with a particular emphasis on residential expansion. This property is perfectly poised to maximise on these growth opportunities.
An amenity-rich location makes this property all the more attractive as a development candidate, featuring fabulous nearby facilities and transportation links.
Contact us today and explore the options that await with this remarkable piece of real estate in Lilydale's evolving landscape.
At A Glance:
- Individual parcel of land, 10,170sqm (approx.)
- Neighbourhood Residential Zone 1 (NRZ1)
- Prime site for a substantial subdivision (STCA)
- 80-metre frontage
- An existing 3-bedroom home with Mount Dandenong Ranges vistas
- Amenity-rich location
- Surrounded by green-open spaces, including the Warburton Trail which runs adjacent to the property
You'll Love:
This property's scenic, high-convenience position, approximately 2 kms from Lilydale's vibrant township. It is close to bus services, Lillydale Lake and Playground, Lilydale Marketplace, Lilydale Village, Main Street shops and eateries, Lilydale Train Station, quality schools and recreational facilities.
Property History for 90-92 Old Gippsland Rd, Lilydale, VIC 3140
- 23 Nov 2023Sold for $1,825,000
- 08 Nov 2023Listed for Sale Not Disclosed
- 13 Oct 2022Transferred
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About Lilydale 3140
The size of Lilydale is approximately 29.2 square kilometres. It has 23 parks covering nearly 9.7% of total area. The population of Lilydale in 2011 was 15,649 people. By 2016 the population was 16,541 showing a population growth of 5.7% in the area during that time. The predominant age group in Lilydale is 40-49 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a trades occupation. In 2011, 77% of the homes in Lilydale were owner-occupied compared with 76.1% in 2016.
Lilydale has 9,247 properties. Over the last 5 years, Houses in Lilydale have seen a 40.77% increase in median value, while Units have seen a 25.83% increase. As at 31 July 2024:
- The median value for Houses in Lilydale is $953,725 while the median value for Units is $586,789.
- Houses have a median rent of $560 while Units have a median rent of $480.
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