Quarter-Acre, Seven Dwellings, Vacant Possession, Once-in-a-Generation Opportunity on over 1,000sqm!

Properties of this scale simply do not hit the open market in Newport. Held tightly within the same family for generations, 2 Grieves Street is one of the most significant and versatile landholdings to be offered in the inner west for many years. Positioned on a commanding 1,000sqm allotment, the property comprises an original 1950s three-bedroom home at the front and six one-bedroom apartments at the rear, all to be sold together and all offered with vacant possession.

This is a rare chance to secure a fully intact multi-dwelling freehold in a location where these assets almost never trade publicly. The existing buildings provide enormous scope to renovate the flats and the main residence to lift returns and create a high-performing, set-and-forget investment. Alternatively, the entire site invites a major redevelopment. With its land size, width and position, the property presents the possibility for a larger multi-dwelling project exceeding the current seven residences, subject to council approval. For those with a long-term vision, it also offers the perfect canvas to clear the site and create a landmark family estate with Loft Reserve as your neighbour.

The location elevates the offering even further. Situated just off Blenheim Road and moments from one of the area's primary places of worship, this pocket is highly regarded for its community connection, cultural significance and everyday convenience. Proximity here is prized and rarely available, making this address especially desirable to buyers seeking closeness to key lifestyle and spiritual amenities.

From Grieves Street, you can walk to Newport Lakes, one of the west's most popular green spaces. Williamstown's beaches, restaurants and foreshore are only minutes away. Newport Station provides fast city access. Local cafés, grocers and village shopping are close at hand. Schools and recreation options round out a lifestyle that blends community warmth with inner-suburban energy. It's no surprise Newport continues to rise as one of Melbourne's most sought-after lifestyle hubs.

But it's the scale, flexibility and future possibilities that make 2 Grieves Street extraordinary. A full quarter-acre with seven dwellings in a premium pocket next to parkland and key community landmarks is almost impossible to replicate. Whether you choose to optimise the existing dwellings, reposition the investment, expand with a larger project or build a forever home on one of the best sites in the suburb, the upside here is undeniable.

This is a generational Newport opportunity. The kind that will not be offered again.

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.

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School catchments

Newport Gardens Primary School Primary Prep-6 Government 0.09km
Bayside P-12 College-Paisley Campus Combined Government 0.39km
Australian Islamic Centre College Primary Prep-6 Independent 0.51km
Newport Lakes Primary School Primary Prep-6 Government 1.1km
Sacred Heart School Primary Prep-6 Catholic 1.3km
St Leo the Great Primary School Primary Prep-6 Catholic 1.6km
Altona North Primary School Primary Prep-6 Government 1.8km
St Margaret Mary's School Primary Prep-6 Catholic 1.9km
Spotswood Primary School Primary Prep-6 Government 1.9km
Bayside P-12 College-Altona North Campus Combined Government 2.1km
Bayside P-12 College Combined Prep-12 Government 2.1km
Williamstown North Primary School Primary Prep-6 Government 2.5km
Westbourne Grammar School - Williamstown Campus Combined Independent 2.5km
Emmanuel College Secondary 7-12 Catholic 2.7km
Wembley Primary School Primary Prep-6 Government 2.7km
Williamstown High School-Bayview Campus Secondary Government 2.7km
Annunciation School Primary Prep-6 Catholic 3.1km
Williamstown High School Secondary 7-12 Government 3.2km
OakTree College Secondary 11-12 Independent 3.7km
Altona College Combined Prep-12 Government 4.9km
Footscray High School - Pilgrim Campus Secondary Government 5.0km
Mount St Joseph Girls' College Secondary 7-12 Catholic 5.4km
Footscray High School - Barkly Campus Secondary Government 5.5km
Port Melbourne Secondary College Secondary 7-10 Government 5.8km
Albert Park College-Environmental Arts Hub Secondary Government 6.3km
SEDA College (Victoria) - AFL - Sunshine Secondary Independent 6.3km

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.

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