535 Ballarat Road, Albion, VIC 3020 | House for sale | OnTheHouse
 
FOR SALE
$850,000 - $870,000

535 Ballarat Road
Albion VIC 3020

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 554m2
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Development Opportunity with many opportunities

Living Prospect presents a prime Albion location, 535 Ballarat Road. A standout opportunity for developers, investors, buyers and rooming house opportunities looking to secure a property with genuine redevelopment potential.
Set on approximately 554m², this is a site where the land and future possibilities are the real drawcard. The existing residence remains in place, giving buyers flexibility in the short term, however the property is ideally suited to those looking at a future knockdown and rebuild.
A major advantage is the existing council approval allowing development up to three storeys, giving purchasers a significant head start and removing much of the uncertainty that can come with buying a development site. For builders, developers or investors looking for their next project, this adds immediate appeal and creates the opportunity to plan ahead with greater confidence.
The property also includes additional land at the rear, which was formerly part of a laneway and was purchased as an extension of the existing allotment. This means the property extends right up to the neighboring rear fence.
The location is another major selling point. Albion is well connected to surrounding suburbs, Sunshine and Melbourne’s western corridor, with buses and train services within walking distance of the home. Albion Station, Sunshine Station, Victoria University, Sunshine Hospital, local schools, shopping centres, parks and major arterial roads are all within easy reach, with many everyday needs also accessible on foot.
The property is also positioned along a service road which caters to local traffic, providing convenient access while separating the property from the main Ballarat Road traffic flow.
The property also offers convenient access to the Western Ring Road and Melbourne CBD, making it an attractive location for future residents or tenants.
With approximately 554m² of land, a prominent Ballarat Road position, additional rear land forming part of the allotment and approval for a development of up to three storeys, 535 Ballarat Road offers a combination that will immediately appeal to investors and developers looking for a site with strong long-term potential.
Whether you are looking to develop, landbank, invest or secure your next project, this is an opportunity with plenty of scope to make the most of a well-positioned Albion site.
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Property Details for 535 Ballarat Rd, Albion

535 Ballarat Rd, Albion is a 3 bedroom, 1 bathroom House. The property has a land size of 554m2. The place is currently for sale with Living Prospect Real Estate.

Building Type
House
Land Size
554m2
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About Albion 3020

The size of Albion is approximately 2.5 square kilometres. There are 8 parks, covering nearly 23.6% of the total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.

Albion has 2,756 properties. Over the last 5 years, Houses in Albion have seen a 0.91% increase in median value, while Units have seen a 17.80% increase. As at 31 August 2026:

  • The median value for Houses in Albion is $783,603 while the median value for Units is $432,492.
  • Houses have a median rent of $530 while Units have a median rent of $400.
There are currently 16 properties listed for sale, and 9 properties listed for rent in Albion on OnTheHouse. According to Cotality's data, 128 properties were sold in the past 12 months in Albion.

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Nicholas Solano
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Lourdes Piscopo
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