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For sale

25 - 27 Fellowes Street,
Seaford 3198, Victoria

3 bedrooms
2 bathrooms
2 car spaces
2,398m² land size
House

$3,100,000 - $3,300,000

Property Price Statement

Property details

A Perfect Development in an Opportunistic Location

Presenting an exceptional turn key opportunity for developers and investors: a premium 2,398m2 development site with GRZ1 zoning offering an approved, ready-to-build multi-townhouse project.

The Project
Capitalize on fully approved plans to construct nine two-storey townhouses. The versatile product mix ensures broad market appeal, featuring 8 spacious 4-bedroom homes and 1 two bedroom dwelling. With the planning stages complete, this site is primed and ready for the next phase.

The Location & Market
Seaford boasts a proven track record of successful townhouse developments, underpinned by consistently low vacancy rates, healthy rental yields and strong ongoing buyer interest. The site offers an ideal bayside lifestyle, positioned just a 7-minute drive from pristine Seaford Beach and 9 minutes from the retail hub of Bayside Shopping Centre. Transport connectivity is seamless, with Seaford Station merely 6 minutes away and close proximity to the Eastlink network ensuring an effortless commute.

Key Features
Premium Allotment: Two Titles of 1,535m2 & 863m2; of highly sought-after GRZ1 zoned land.

Turnkey Potential: Approved plans for 9 two-storey residences, ideal for developers seeking a ready-to-build project.

Proven Demand: Capitalize on the current strong market appetite for townhouses in the area.

Investment Security: Seaford yields healthy rental returns and maintains low vacancy rates.

Lifestyle Connectivity: Close proximity to local schools, shops, parklands and freeway access.

Blue-Chip Acquisition: A rare, high-potential opportunity in a rapidly growing bayside corridor.

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

Explore the area

School catchments

  • Belvedere Park Primary School Primary Prep-6 Government 0.56km
  • St Anne's School Primary Prep-6 Catholic 1.1km
  • Aldercourt Primary School Primary Prep-6 Government 1.2km
  • Seaford Park Primary School Primary Prep-6 Government 1.2km
  • Mahogany Rise Primary School-Mahogany Rise Student Development Centre Primary Government 1.4km

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

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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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