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Auction

8-10 Alma Street,
Lower Plenty 3093, Victoria

4 bedrooms
2 bathrooms
2 car spaces
886m² land size
House

$1,100,000 - $1,200,000

Property Price Statement

Property details

Renovate-Recreate-Re Develop

Rarely does an opportunity of this scale, width and flexibility present itself in Lower Plenty.

Set within one of the area's most tightly held residential pockets, this substantial allotment presents an extraordinary 35-metre (approx.) street frontage a landholding of genuine rarity that opens the door to multiple possibilities.

Whether your vision is to renovate, rebuild or redevelop, this is an opportunity that deserves serious consideration.

For the family buyer, the existing residence provides an exciting foundation to renovate, extend or completely reimagine into a phenomenal contemporary family home.

The expansive frontage and generous landholding create the opportunity for a substantial residence with impressive street presence, exceptional outdoor living and the space today's families increasingly desire.

Or, for the astute developer, the real opportunity lies in the land itself.

A frontage of this width is exceptionally difficult to find in Lower Plenty.

The dimensions provide an exciting development canvas, with the potential to investigate a three-home or four-home street-frontage development, STCA potentially allowing multiple residences to enjoy their own individual street presence rather than relying on a traditional rear or battle-axe configuration.

Indicative concepts demonstrate the potential for:

THREE LUXURY RESIDENCES
Approximately 11.6m frontage each
STCA

or

FOUR CONTEMPORARY RESIDENCES
Approximately 8.75m frontage each
STCA

All development concepts are indicative only and subject to council approval, planning requirements and all relevant authorities.

Beyond the land itself, the location adds another layer of appeal.

Enjoy the convenience of being within easy reach of Lower Plenty's local shops, cafés, amenities, schools, parklands and extensive walking trails, while being surrounded by the natural beauty and established lifestyle that has made this pocket so tightly held.

For families, investors and developers alike, the combination of lifestyle, accessibility and future infrastructure makes this an increasingly compelling location.

The future transformation of Melbourne's north-east adds further weight to the long-term appeal of the location.

The North East Link is now well underway, with tunnelling complete and the project scheduled to open in 2028. The project includes a major interchange at Lower Plenty Road, new parklands, improved walking and cycling connections and significant upgrades throughout Melbourne's north-east.

The project will connect the M80 Ring Road with the Eastern Freeway, with the Victorian Government forecasting travel-time savings of up to 35 minutes and the removal of up to 15,000 trucks a day from local roads.

For Lower Plenty, this represents an important piece of long-term infrastructure investment and further strengthens the suburb's position within Melbourne's evolving north-east corridor.

This is a location with a compelling future and land that is becoming increasingly difficult to replicate.


Rare land.
Exceptional flexibility.
A tightly held location.
A future-focused opportunity.

Your time has come.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Inspections

Auction

Explore the area

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School catchments

  • Lower Plenty Primary School Primary Prep-6 Government 0.21km
  • Montmorency Primary School Primary Prep-6 Government 1.1km
  • Streeton Primary School Primary Prep-6 Government 1.2km
  • Montmorency South Primary School Primary Prep-6 Government 1.4km
  • St Francis Xavier Primary School Primary Prep-6 Catholic 1.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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