195 Melrossa Road, Traralgon East, VIC 3844 | Land for sale | OnTheHouse
 
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195 Melrossa Road
Traralgon East VIC 3844

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8.55ac
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DUAL DEVELOPMENT CONCEPTS | EXISTING RENTAL INCOME | OUTSTANDING SUBDIVISION POTENTIAL STCA

Lifestyle & Acreage Real Estate proudly presents an exceptional development opportunity comprising approximately 9 acres of land within the General Residential Zone – Schedule 3 (GRZ3), complemented by an existing three-bedroom, two-bathroom residence currently generating rental income.
The property is supported by two alternative indicative subdivision concepts, providing developers, builders, investors and strategic landholders with flexibility to investigate different development outcomes, subject to council approval and all relevant authority requirements.
TWO CONCEPTS. ONE OUTSTANDING OPPORTUNITY.
CONCEPT 1 – PREMIUM 11-LOT SUBDIVISION
The first indicative concept illustrates 11 generously proportioned allotments ranging from approximately 2,178m² to 2,615m², arranged around an internal road network with dual cul-de-sacs and proposed access from Laurina Drive.
This concept provides an opportunity to investigate a premium large-lot residential subdivision offering substantially more land than typically available within conventional residential estates.
CONCEPT 2 – HIGHER-YIELD 37-LOT SUBDIVISION
The alternative concept illustrates a 37-lot residential subdivision, featuring a diverse mix of allotment sizes arranged around an internal road network and dual cul-de-sacs.
This concept provides developers with an alternative pathway to investigate a higher-yield residential outcome and potentially maximise the development capacity of this substantial GRZ3 landholding, subject to all necessary approvals.
EXISTING HOME & RENTAL INCOME
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Property Details for 195 Melrossa Rd, Traralgon East

Building Type
Land
Land Size
8.55ac
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About Traralgon East 3844

The size of Traralgon East is approximately 34.9 square kilometres. There are 3 parks, covering nearly 1.0% of the total area. The population of Traralgon East in 2016 was 1726 people. By 2021 the population was 1780 showing a population growth of 3.1% in the area during that time. The predominant age group in Traralgon East is 50-59 years. Households in Traralgon East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Traralgon East work in a professional occupation.In 2021, 92.30% of the homes in Traralgon East were owner-occupied compared with 91.50% in 2016.

Traralgon East has 1,062 properties. Over the last 5 years, Houses in Traralgon East have seen a 35.94% increase in median value. As at 31 August 2026:

  • The median value for Houses in Traralgon East is $784,388 while the median value for Units is $502,309.
  • Houses have a median rent of $483.
There are currently 6 properties listed for sale, and no properties listed for rent in Traralgon east on OnTheHouse. According to Cotality's data, 37 properties were sold in the past 12 months in Traralgon east.

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