8537 Princes Highway, Allestree, VIC 3305 | AcreageSemi-rural for sale | OnTheHouse
 
FOR SALE
$545,000 - $575,000

8537 Princes Highway
Allestree VIC 3305

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 15ac
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Potential Abounds Just Minutes To Town

Conveniently positioned just minutes from town, this 15-acre (6 hectare) lifestyle property offers space, privacy and enormous potential. Lovingly held by the current owner for 42 years, the original homestead is now ready for its next chapter.
Set well back from the highway and nestled amongst mature trees, the property enjoys a peaceful, private setting. While the charming weatherboard home does require quite a bit of work, it presents a wonderful opportunity to renovate and personalise to your own taste — securing the lifestyle dream at an achievable price point.
For the savvy buyer, there’s also the exciting option to live comfortably in the existing home while building your dream residence further back on the property (STCA). Power is already available behind the home, previously servicing an old shed, making future plans even more appealing — especially with the potential to capture sweeping ocean and town views.
The home retains its original bullnose verandah, the perfect place to sit and enjoy the abundant birdlife and wildlife that frequent the property. Inside, you’ll find a spacious formal lounge, combined dining and kitchen area with a partially updated kitchen, a generous mudroom and three bedrooms - two of which are king-sized. A new gas heater has recently been installed.
The land itself is well set up, with near-new electric fencing dividing it into three paddocks.
Established fruit trees are scattered throughout the property, while the remainder offers a blank canvas for further landscaping or improvements.
Yes, the home needs quite a bit of TLC — but at this price, in this location, and with this scale of opportunity, the potential here is undeniable.
A rare chance to secure acreage close to town and create something truly special.
NB: Boundary lines are an approximate only.
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Property Details for 8537 Princes Hwy, Allestree

8537 Princes Hwy, Allestree is a 3 bedroom, 1 bathroom AcreageSemi-rural. The property has a land size of 15ac. The place is currently for sale with Hudson Property.

Building Type
AcreageSemi-rural
Land Size
15ac
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About Allestree 3305

The size of Allestree is approximately 10.0 square kilometres. There is 1 park, covering nearly 0.9% of the total area. The population of Allestree in 2016 was 128 people. By 2021 the population was 168 showing a population growth of 31.2% in the area during that time. The predominant age group in Allestree is 60-69 years. Households in Allestree are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Allestree work in a trades occupation.In 2021, 79.00% of the homes in Allestree were owner-occupied compared with 73.40% in 2016.

Allestree has 143 properties. Over the last 5 years, Houses in Allestree have seen a 23.36% increase in median value. As at 31 August 2026:

  • The median value for Houses in Allestree is $603,189.
There are currently 6 properties listed for sale, and no properties listed for rent in Allestree on OnTheHouse. According to Cotality's data, 7 properties were sold in the past 12 months in Allestree.

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Nikki Hudson
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Hudson Property
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