20 Nicholas Street, Lilydale, VIC 3140 | Land for sale | OnTheHouse
 
FOR SALE
Sale ($750,000 - $825,000)

20 Nicholas Street
Lilydale VIC 3140

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 760m2
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760sqm Court-End Opportunity in Central Lilydale

Set in the heart of Lilydale at the quiet court end of Nicholas Street, this rare offering spans approximately 760 square metres and presents an exceptional opportunity for developers, investors or those looking to start anew. With a wide frontage of 17.1 metres, the site lends itself perfectly to a range of possibilities. Whether you're considering a multi-townhouse development , a complete rebuild of your dream family home or a strategic long-term investment, the potential here is unmatched. The existing dwelling is uninhabitable and primed for demolition, clearing the path for your vision to come to life. The generous land size, combined with the sought-after quiet court positioning, offers both privacy and strong development appeal in one of the eastern corridor's fastest-growing hubs. Property also comes with expired plans for 7 Townhouses.
Location:
The location is simply unbeatable. Walking distance to both Lilydale Marketplace and Lilydale Village ensures that shopping, dining and everyday conveniences are just moments from your doorstep. Commuting is effortless with Lilydale Station within easy reach, and families will appreciate the close proximity to Lilydale Secondary College. Outdoor enthusiasts will love the access to the picturesque Lilydale Lake and the surrounding trails and parklands. Within a 5-kilometre radius, you'll also find Mount Lilydale Mercy College, Lilydale High School, Victoria Road Primary School and multiple early learning centres. The area is well-serviced by local buses, and the surrounding greenery makes this location as peaceful as it is practical.
Features:
• Generous land size of approximately 760 sqm
• Wide street frontage measuring 17.1 metres
• End-of-court location offering privacy
• Previously approved plans for 7 townhouses
• Zoned for high-growth redevelopment potential
• Walking distance to Lilydale Marketplace and Village
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Property Details for 20 Nicholas St, Lilydale

Building Type
Land
Land Size
760m2
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About Lilydale 3140

The size of Lilydale is approximately 29.2 square kilometres. It has 23 parks covering nearly 9.7% of total area. The population of Lilydale in 2016 was 16531 people. By 2021 the population was 17348 showing a population growth of 4.9% in the area during that time. The predominant age group in Lilydale is 50-59 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a professional occupation.In 2021, 77.60% of the homes in Lilydale were owner-occupied compared with 76.10% in 2016.

Lilydale has 9,693 properties. Over the last 5 years, Houses in Lilydale have seen a 30.86% increase in median value, while Units have seen a 19.97% increase. As at 30 November 2025:

  • The median value for Houses in Lilydale is $1,008,064 while the median value for Units is $623,403.
  • Houses have a median rent of $610 while Units have a median rent of $540.
There are currently 45 properties listed for sale, and 6 properties listed for rent in Lilydale on OnTheHouse. According to Cotality's data, 473 properties were sold in the past 12 months in Lilydale.

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